CBRE Brokers South Carolina Office Campus Sale Headed for Redevelopment

CBRE has brokered the sale of a two-building, 338,301-square-foot office campus in Fort Mill, South Carolina. Foundry Commercial purchased the campus for $15.8 million and plans to redevelop the site into an industrial park.

Patrick Gildea, Matt Smith, and Robert Hardaway of CBRE’s Carolinas Institutional Properties team in Charlotte represented the sellers, affiliates of LXP Industrial Trust, in the transaction.

“We are beginning to see a number of office buildings, both suburban and urban, that are in the early stages of being repurposed for an alternative use,” said Mr. Gildea, Vice Chairman at CBRE. “This is an incredible industrial site in the core of Charlotte’s strongest industrial submarket and was heavily pursued by numerous developers.”

Located at 3476 and 3480 Stateview Blvd. in Fort Mill, the 32-acre campus includes two buildings totaling 338,301 sq. ft. The campus was built between 2002 and 2004 for a national financial services firm. The site features immediate access to Interstate 77, proximity to the state lines of North Carolina and South Carolina, and is less than 15 miles from the Charlotte CBD and Charlotte Douglas International Airport. It also lies just minutes from I-485.

Foundry has already started demolition of the existing office buildings and will soon begin development of a three-building, 465,000-square-foot industrial park with premier access to I-77 and I-485. Construction is expected to be completed in the third quarter of 2025. The project will offer an ideal location for users looking to serve the Charlotte region or connect to ports in Savannah and Charleston. The project team for the development includes Edifice Construction, OAK Engineering, Merriman Schmitt Architects, and Hoopaugh Grading Company. The project will be leased by Foundry’s David Hanna, Casey Mulhern, and Ben Rowell.