Lee & Associates Announces the Successful Sale of a Key Logistics Facility in Spartanburg, SC

Spartanburg, SC – Lee & Associates, a leader in commercial real estate services throughout North America, proudly announces the completed off-market sale of 150 Access Road, Spartanburg, SC, a premium Truck Terminal, and Service Facility. This transaction underscores the vitality of the Spartanburg region as a major hub in the industrial and logistics sectors.

The property, sold by CF&K, LLC to K2 Property Acquisitions, LLC, comprises a 25,000-square-foot cross-dock truck terminal situated on a sprawling 12.5-acre site. This facility is equipped with 70 enclosed positions, a fully fenced and gated yard, and an 11,040 SF service facility. The strategic positioning near I-585, I-85, I-26, and the Greer Inland Port enhances its logistical efficiency, making it a pivotal asset in the Southeastern transportation corridor.

Prior to closing, the buyer successfully executed a new direct lease with Landair Transport, Inc., a subsidiary of Covenant Logistics Group, Inc. (NASDAQ: CVLG), a national transportation company with capabilities in expedited, dedicated, warehousing, and managed freight transportation.

Representing the seller off-market, CF&K, LLC, were Lee & Associates’ own Kevin Bentley, SIOR, Randall Bentley, SIOR, CCIM;; Micah Williams; and Justin Bentley. The buyer, K2 Property Acquisitions, LLC, was adeptly represented by Jordan Skellie, SIOR; Elledge Willis; and Eric Scardo also of Lee & Associates Real Estate.

Kevin Bentley, SIOR, reflected on the deal, stating, "This transaction not only highlights the robust demand for high-quality industrial real estate in the region but also the depth of our team’s expertise in navigating complex deals that bring both parties to the closing table successfully."

About Lee & Associates

With a reputation for delivering top-tier client-focused results, Lee & Associates is a premier provider of commercial real estate services, managing a wide range of transactions for clients across North America. The Greenville/Spartanburg office of Lee & Associates leverages local expertise with a national reach to offer unmatched brokerage, investment, and property management solutions that perpetuate client success in the commercial real estate market.

For further details on this transaction or to learn more about our comprehensive real estate services, please contact us at 864.704.1040 or visit us online at LeeUpstate.com