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The Pelham Road corridor will soon have a new 200,000 SF, Class A, multi-tenant, office/warehouse space named Logue Park at Pelham.

The new development will be located within one mile of the I-85/Pelham Road interchange between I-85 and Highway 14. The location near the Greenville-Spartanburg International Airport and companies such as Michelin, ScanSource, Super Duper Publications, Iron Mountain and Bausch & Lomb is expected to be attractive to potential tenants.

The park will be constructed on a 13-acre site that was purchased in August 2013 by JOCO LLC. Mark A. Cothran, a principal at JOCO, said the development is currently in the final design stages.

The park will consist of two buildings, one 90,000 SF and the other 110,000 SF. The buildings will include 50-by-50 inches column spacing, 28-foot minimum clear ceiling heights, a 200-foot truck court, and the ability to provide drive-in doors. The buildings in the park will have early-suppression fast-response (ESFR) sprinkler systems.

According to Lee and Associates, the current Upstate Class A multi-tenant office/warehouse market includes a total of 25 buildings/projects, comprising 2,775,106 SF. This includes two additional announced projects – one containing 156,000 SF located in Spartanburg County which has pre-leased 52,000 SF, and a second project of 250,000 SF to be located in lower Greenville County which has not yet started construction. The current vacancy rate, which includes all newly announced projects, is 12.6 percent. Logue Park at Pelham is the only park located in Greenville County in the very popular Pelham Road corridor.

Cothran Properties LLC will oversee the development and management of the project, while Lee & Associates – Greenville will handle the leasing and marketing for space within the park. The project is expected to be completed in the third quarter of 2014 and pre-leasing is underway.

“We haven’t had a lot of product being created in the past three or four years,” says Randall Bentley, broker-in-charge at Lee and Associates. “Our demand is up and our industrial vacancy is down. Considering this location on Pelham Road is golden, it will be filling a void we have right now for quality space that will appeal mostly to distribution-type companies with an excellent location near I-85.”

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