SunCap Property Group Breaks Ground on Build-to-suit
CHARLOTTE, NC SunCap Property Group is developing a 215,000-square-foot facility for Tristone Flowtech
USA in Mooresville, NC. The project will be located on 22 acres in the Mooresville Business Park East industrial
campus, fronting Manufacturers Boulevard. The plant will produce engine cooling hose systems, air charge hose
systems and fluid battery cooling systems for the US and Canadian automotive industries.
Sitework is underway and vertical construction will commence this month with project completion scheduled for
November of this year. Yeargin Potter Smith Construction has been named as general contractor. Colliers
International's Spartanburg office represented Tristone in the lease transaction, and Parker Poe served as counsel
and site consultant.
Tristone Flowtech Group is based in Frankfurt, Germany and this will be the company's second manufacturing
facility in North America. Tristone recently opened a new plant in Delicias, Mexico.
"SunCap is excited to be part of the team bringing Tristone Flowtech to the US," said Flint McNaughton, SunCap
CEO and Founding Partner. "The automotive sector is a key economic driver in the Carolinas and we believe both
OEMs and suppliers will continue to view this region as an ideal location for these types of long-term investments."
SunCap has recently been active in the automotive market with last year's delivery of a 230,000-square-foot
manufacturing facility for Magna Seating in Spartanburg, SC.
This is SunCap's fourth industrial project in the Charlotte area since the company's inception in 2009. SunCap
developed two FedEx Ground distribution facilities in Concord's International Business Park and last year
completed a build-to-suit for Atrium Healthcare's Mobile Medicine group.
Tristone development team on site at Mooresville Business Park East
SunCap Property Group and Colony NorthStar Purchase North Las Vegas Site
SunCap Property Group and Colony NorthStar have formed a joint venture and purchased 40 acres in Las Vegas, NV. The site is located at the southeast corner of the intersection of N. Las Vegas Boulevard and N. Lamb Boulevard.
Plans call for development of a Class A light industrial campus to be named SunPoint Crossing. The campus will accommodate 752,838 square feet across three buildings. Planned buildings are divisible to 35,000 square feet. Buildings feature tilt-up concrete construction, 32-foot clear heights, ESFR sprinklers, plentiful dock-height and grade level doors with trailer parking throughout.
Construction is slated to begin in Summer 2018 with delivery of shell buildings in Summer 2019.
This is SunCap's third project in the Las Vegas Valley since the company's inception in 2009. In 2014 SunCap completed a 295,000-square-foot distribution center in Henderson, NV and in 2016 SunCap developed SunPoint Business Center, an industrial facility at 2695 Lamb Boulevard. SunPoint Crossing represents the second interaction between Colony Northstar and SunCap. Colony Northstar purchased SunPoint Business Center in 2017.
"As evidenced by our history of development and investment here, SunCap firmly believes in the strength of the Las Vegas market," said Mike Orr, SunCap Property Group, "We are excited about this partnership with Colony and intend to expand the relationship into other markets."
Jeremy Green and Tyler Ecklund with CBRE's Las Vegas office will be responsible for marketing the development to prospective tenants.
"Supply in this North Las Vegas market is limited with high demand for Class A industrial space," commented Jeremy Green, CBRE First Vice President. "SunPoint Crossing fulfills a recognized need in a submarket that absorbed over 5.7 million square feet in 2017."
Boy Scout Leadership Dinner
SunCap Property Group was pleased to continue its support of the Boy Scout organization by sponsoring the Mecklenburg County Council Leadership Dinner. SunCap CEO and Founding Partner, Flint McNaugton, served as chairman of this year's event. Ed Weisiger, Sr. and Ed Weisiger, Jr. were honored for the contributions they have made to the Charlotte Mecklenburg community.
SunCap Property Group Plans Charleston Speculative Industrial Park
CHARLESTON, SC SunCap Property Group has recently acquired thirty acres on Palmetto Commerce Parkway
in North Charleston, SC. Plans call for development of a Class A industrial campus to be named Palmetto Trade
Center. The campus will accommodate two buildings totaling 375,000 square feet.
Palmetto Trade Center I is scheduled to break ground in May 2018. This building will comprise 141,000 square feet
of Class A space and will be sub-dividable to allow for tenants as small as 20,000 square feet. CBRE's Charleston office will be responsible for leasing the project.
"Due to favorable market fundamentals and continued economic growth, SunCap remains confident in the
Charleston region," said Derek Mathis, SunCap Property Group Senior Vice President. "We are excited to bring
Palmetto Trade Center to market and believe this particular product type is ideally suited to meet increased demand
for shallow-bay space."
This is SunCap's third project in the Charleston area since the company's inception in 2009. SunCap is currently
developing a 255,000-square-foot distribution center off of Palmetto Commerce Parkway in the Ingleside
community and recently co-developed North Pointe Business Campus Building One with WestRock Land and
Development. Other South Carolina projects developed by SunCap include a recently completed 230,000-squarefoot
manufacturing facility for Magna Seating in Moore, SC and a 254,000-square-foot distribution center in
SunCap purchases Forrester Park in Greenville, SC
GREENVILLE, SC - SunCap Property Group announced it has purchased Forrester Park in Greenville, SC. The property is a 236,800-square-foot business distribution and light manufacturing center located at 201 Forrester Drive, near the intersection of Laurens Road / Highway 276 and Forrester Drive. The site is a mile from I-85, adjacent to Millennium Park and the Clemson University International Center for Automotive Research (CU-ICAR).
The park is fully leased. Tenants include: Gexpro Services, Safelite Auto Glass, Woodward, Trust Technologies, and Aerodyne Alloys. Colliers International's Greenville office will be responsible for leasing and management of the buildings.
This is SunCap's third project in the greater Greenville area since the company's inception in 2009. In 2015, SunCap developed a FedEx Ground distribution facility in Spartanburg, and SunCap recently completed an automotive manufacturing facility for Magna Seating, in Moore, SC.
"As evidenced by our history of development and investment here, SunCap firmly believes in the strength of the Greenville-Spartanburg market," said Derek Mathis, SunCap Property Senior Vice President. "We are excited about this latest acquisition and are actively pursuing other opportunities in the Upstate region."
Medical Vehicle Facility Complete
CHARLOTTE, NC - SunCap Property Group is pleased to announce the completion of a new Class A industrial building in Coffey Creek Business Park for Atrium Health (formerly Carolinas Healthcare System). The building was occupied in the fourth quarter of 2017.