- "Since we started the development process, there hasn't been a single day where I've questioned the decision we made to go with SunCap." Steve Salvatore, Magna Automotive
- "Provided a turn-key solution for planning, designing and building this facility on a virgin site and delivered within one year of ground breaking ... on time and on budget." Mike Tarulli, Senior Vice President, Corporate Real Estate, North America, HSBC Bank USA
- "You assembled a great team of experts and everyone performed admirably..." Ed Bennett, Chief Administration Officer, NASCAR
- "We couldn't have done it without you." Larry E. Teel, Executive Vice President, Fischer & Company
- "We knew our challenges would be many, but you proved time and again that we made the right decision in our selection of developers." Ed Bennett, Chief Administration Officer, NASCAR
- "We know how difficult the permitting process was but you and your team performed admirably on this build to suit development and got us in on time and on budget." Joe Marsico, Real Estate Acquisition Specialist, Fortune 500 Distribution Company
- "Thank you again for you diligent efforts in finalizing our lease and building out our new regional office ... on time." Jeff Powell, Chairman and CEO, Powell Johnson
- "Not only are you good at what you do, you make it fun on a day to day basis." Carole Kent, Investment Limited Partner, J.C. Bradford & Co
- "I also want to thank you personally for your honesty and integrity throughout the process. In the end, you made all of us look good at NASCAR." Ed Bennett, Chief Administration Officer, NASCAR
- "Has provided superior client service which has been invaluable." Kay Greenwalt, Facilities Manager, ALLTEL Information Services
- "Your hands-on management of the project and your "can do" attitude were key to the success." Joe Marsico, Real Estate Acquisition Specialist, Fortune 500 Distribution Company
- "You consistently delivered the quality service, teamwork, expertise, and product that one would expect from a first rate developer." Stan Ciepcielinski, CFO, Glenayre
- "Has been our partner in the truest sense of the word." Jon Morris, Managing Partner, Morris, York, Williams, Surles and Brearley, LLP
- "A manner that sets a standard for all client service organizations." Kay Greenwalt, Facilities Manager, ALLTEL Information Services
- "Outstanding work that you and your organization did in our new corporate headquarters." Scott Ambler, CFO, RSI, Inc.
- "They continue to offer us methodical, objective, comprehensive and creative solutions to our facilities requirements and we strongly endorse their service." Jeff Powell, Managing Partner, J.C. Bradford & Co.
- "Willingness to be here if/when needed was a true tribute to your spoken commitment. Fear of that long distance business relationship was replaced with respect and confidence." Jim Foster, Facilities Manager, ALLTEL Wireless
- "Has proven to be an invaluable asset by enabling us to achieve much greater operating efficiencies and value from our leasehold interests..." Jeff Powell, Managing Partner, J.C. Bradford & Co.
News
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Lowcountry Distribution Center Complete
August 2018
CHARLESTON, SC - SunCap Property Group has successfully completed a build-to-suit distribution center for a national Fortune 500 shipping company. Construction began in June of 2017. The tenant is completing material handling improvements and the facility will be fully operational in the fall of this year.
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SunCap Property Group Begins Work on Gilbert Spectrum Building One
May 2018
PHOENIX, AZ - SunCap Property Group is moving forward with Gilbert Spectrum Building One, a speculative industrial building in its 63-acre project located at the southwest corner of Elliot and McQueen Roads in Gilbert, Arizona. Building One fronts McQueen Road and is 134,358 square feet, with divisibility to 15,000 square feet. Twenty-one percent of the building is pre-leased to SDHQ Off Road, a supplier to off-road vehicle enthusiasts. "Since our inception in 1999, SDHQ Off Road has been a staple of Gilbert business. For the past nineteen years, our goal has always been to build long-lasting relationships with our customers and now we will be exceeding that goal at our new location. The backbone of our company is our continuously growing team of knowledgeable staff that has helped us build a reputation within the motorsports industry as the premier go-to shop," said Ryan Marselis, owner, SDHQ Off Road. He added, "We are eagerly awaiting serving our customers in our new and improved location at Gilbert Spectrum with the help of SunCap Property Group." John G. Soldo with Commercial Properties represented SDHQ on the lease. LGE Design Group is the architect for Building One. Chris McClurg and Ken McQueen with Lee & Associates | Arizona are listing agents for the Gilbert Spectrum project. The building is expected to be complete in the second quarter of 2019. Building features include 32' clear height, dock high loading, and ESFR Sprinklers. The zoning for the property is LI (Light Industrial). Mike Orr, Senior Vice President - Development for SunCap Property Group noted, "We believe the Gilbert Spectrum location provides a unique opportunity for businesses to benefit from a 360-degree customer and employee base. The location, coupled with the business-friendly environment in the Town of Gilbert, provides prospective tenants with access to an educated and diverse workforce and last-mile opportunities unparalleled in the Southeast Valley." Last year, SunCap delivered a 60,000-square-foot build-to-suit for Orbital/ATK in the Gilbert Spectrum development. A total of 800,000 square feet of state-of-the-art office, industrial and technology-related space is planned on the remaining land with numerous sites available for build-to-suit opportunities.  |
MoRA Point to include community grocery store, restaurants and shops
May 2018
 CHARLOTTE, N.C. Selywn Property Group and SunCap Property Group are bringing a major re-development to the fast-changing Monroe Road corridor. Site improvements and construction began last week on a 60,000-square-foot commercial center at the confluence of the primary traffic corridors of Monroe Road, Idlewild Road, Long Avenue and Independence Boulevard. The 13.6 -acre redevelopment will be anchored by a 22,000-square-foot community grocery store and 38,000 square feet of restaurants and other mixed use commercial including a coffee shop, gas station, and service providers. The developers have worked closely with the MoRA neighborhood group over the past year. The community group has been an advocate for the new development which will replace an aged and empty office park and dilapidated retail center at the highly visible and accessible site. The center will be named MoRA Point, a nod to its location at the gateway to the MoRA neighborhood, when approaching from Independence Boulevard. "We are bringing neighborhood retail back to a fast-changing and underserved area with dense population", said Jensie Teague, Selwyn Property Group Partner spearheading the development. "This site's visibility and access to Monroe, Idlewild, Long and Independence at the newly completed Idlewild interchange, will allow for a new retail node with unique access that does not exist anywhere else along Independence or Monroe"," added Teague. "It is great to be a part of bringing a transformative development like this to Charlotte," said Senior Vice President, Paxton Hollar. "SunCap is excited about the opportunity to bring our fifth project to Charlotte and to continue to diversify our portfolio into retail." Selwyn Property Group's Mac Barksdale and Teague are handling leasing for MoRA Point and can be contacted at 704-343-2828. |
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SunCap Property Group Breaks Ground on Build-to-suit
April 2018
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 |
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SunCap Property Group and Colony NorthStar Purchase North Las Vegas Site
March 2018
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."  |
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Boy Scout Leadership Dinner
March 2018
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.  |
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SunCap Property Group Plans Charleston Speculative Industrial Park
March 2018
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 Spartanburg, SC.  |
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SunCap purchases Forrester Park in Greenville, SC
January 2018
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."   |
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Medical Vehicle Facility Complete
January 2018
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.
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