X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GREENVILLE, SC-Nissan North America is leasing a 186,290-SF structure on 14.7 acres to house its ninth parts distribution center. The 10-year lease has an estimated aggregate value of $6.5 million based on prevailing average submarket rents of $3.50 per sf.

Nissan expects to invest $4 million in the plant which is scheduled to open in April. About 8,500 sf will be reserved for office work.

“We plan to increase United States production and sales over the next several years, creating the need for this center,” Bill Bosley, Nissan vice president/customer service, says in a prepared statement.

The plant will handle 50,000 parts numbers and use 16 shipping and receiving doors, and three drive-through doors. The center will service dealers in South and North Carolina, Virginia, eastern Tennessee and northern Georgia.

Nissan’s selection of Greenville was hailed by area development groups.

“It reassures us in these economic times that Greenville will continue to be a destination for both Japanese and automotive investment,” Dozier Brooks, chairman, Greenville County Council, says in a prepared statement.

Bill Workman, chairman, Greenville Area Development Corp. also praised Nissan for its decision. “We are very grateful that Nissan took the time to look closely at our community and decided to join hundreds of other firms that have found Greenville a fine place in which to invest,” Workman says in the same statement.

Atlanta-based Pattillo Properties, headed by Robert Patillo, is the developer. Potter-Shackelford is the general contractor. The Staubach Company and McCallum Sweeney Consulting assisted in the site selection.

John Fort of Coldwell Banker Caine Commercial in Greenville negotiated for Patillo.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.