CHARLOTTE, NC—Liberty Property Trust is readying to break ground on the first speculative industrial building to be developed in the Greenville-Spartanburg region in nearly five years. Located at Caliber Ridge Industrial Park in Greer, SC, the class A multi-tenant warehouse will total 156,000 square feet.

A.L. Industries, a manufacturer of filters for the automotive and heavy duty industry, has signed a lease for 52,000 square feet of space in the new facility. The new building will feature advanced fire suppression systems, 208-foot depth, 28-fet clear height, 50x50 column spacing, the ability to accommodate high levels of office build-out, a shared 200-foot truck court and extensive parking.

“During the last 18 months, there has been significant absorption of industrial space across the region and almost no supply of class A product remains, which has presented Liberty with tremendous opportunity,” says Massie Flippin, vice president and city manager for Liberty's Carolinas region. “Caliber Ridge Industrial Park, located directly between Greenville and Spartanburg, is the perfect location at which to expand our multi-tenant warehouse portfolio. It provides tenants such as A.L. Industries with a highly central setting for distribution and the land is prepped and waiting for development of up to three more buildings after this one.”

The architect for the development project is MCA Architect, the engineer is Arbor Engineering and the general contractor is Harper Corporation General Contractors. John Brandon, vice president of development, is Liberty's project manager. Liberty estimates the industrial project will be completed in fourth quarter 2013. A.L. Industries will move into the building during the first quarter of 2014.

Caliber Ridge Industrial Park is located at Interstate 85 and Highway 101, opposite the entrance to the BMW manufacturing plant. In 2007, Liberty developed 125 Caliber Ridge, a 126,000-square-foot multi-tenant building located in the park. It is 100% leased to Huntington Foam and Iron Mountain.

Bryan Blythe, director, leasing at Liberty, and Brian Young and Elliott Fayssoux of Cushman & Wakefield, represented the developer. The three will continue to work together to market the 104,000 square feet of available industrial space in the building.

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