John Montgomery – Colliers
Hunt Midwest Expands into South Carolina Market with Development of Spec Logistics Facility in Fort Prince Industrial Park
State-of-the-art 476,280 SF distribution building with interstate access and proximity to BMW facilities
Lyman, South Carolina — February 16, 2022 — Kansas City-based commercial real estate company Hunt Midwest has entered the Greenville-Spartanburg market with its speculative development of Fort Prince Logistics Center, a 476,280-square-foot, industrial project scheduled for completion in fourth quarter 2022 in the master planned Fort Prince Industrial Park.
Located on the south side of Highway 129/Fort Prince Boulevard, Fort Prince Logistics Center is in a highly accessible submarket with convenient access to I-85, South Carolina’s Inland Port Greer, GSP International Airport and a BMW plant along I-85 in Greer. Adjacent development includes Walmart’s $450 million investment in a 720,000 square foot, high-tech distribution facility focused on fresh and frozen groceries with an anticipated completion in 2024.
Fort Prince Logistics Center represents the first development by Hunt Midwest in the Greenville-Spartanburg market with other developments to follow, as the company plans to expand further into the Southeastern region following its success in the Midwest and South. Hunt Midwest brings extensive development expertise to the market with more than 50 years of experience and over $1 billion in development of industrial, self-storage, residential, senior housing, and multifamily projects.
“Hunt Midwest chose Fort Prince as our first spec project in South Carolina because we were drawn to the highly skilled labor force that has been developed throughout the corridor,” said Michael Bell, Hunt Midwest’s Senior Vice President of Commercial Real Estate. “Fort Prince’s proximity to BMW’s facilities and FedEx — including its ability to reach up to 244 million customers within two-day shipping — are drivers that will greatly benefit a diverse group of tenants.”
Fort Prince Logistics Center will occupy a 47-acre site at 1090 Fort Prince Boulevard and include 476,280 square feet of leasable space, 189 surface parking stalls expandable to 385, up to 125 tractor trailer parking stalls and a 135-foot-deep truck court. Building features will include 48 dock positions with 36-foot clear height, mechanical dock equipment, 7-inch concrete slab flooring, an ESFR sprinkler system and motion-sensor LED lighting.
“Hunt Midwest’s Design/Build approach to lock-in construction costs for Fort Prince will result in more advantageous lease rates for our tenants,” said Tony Borchers, Hunt Midwest’s Vice President of Acquisitions & Development. “The project delivery system allows for maximum flexibility for logistics, manufacturing, and distribution users.”
Hunt Midwest has selected Seamon Whiteside for civil engineering, LS3P for building design, and Evans General Contractors as the general contractor overseeing construction of the Fort Prince Logistics Center. Leasing on the project is being handled by John Montgomery, Garrett Scott, Brockton Hall and Dillon Swayngim of Colliers. Leasing opportunities remain available within the development.
About Hunt Midwest
Hunt Midwest is a dynamic real estate development company privately held by the Lamar Hunt family. Based in Kansas City with over 50 years of development, construction and management experience, Hunt Midwest’s wide range of projects include industrial, commercial, mission critical, self-storage, residential, multifamily, senior living, mixed use and SubTropolis, the world’s largest underground business complex. Hunt Midwest is part of the Lamar Hunt family’s diverse portfolio of entities involved in real estate, sports/media, energy/resources and private equity investments. In addition to Hunt Midwest, marquee entities include the Kansas City Chiefs, Hunt Southwest, FC Dallas Soccer Club, Toyota Stadium, Chicago Bulls and United Center.
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