{"id":1641,"date":"2024-05-09T15:47:53","date_gmt":"2024-05-09T19:47:53","guid":{"rendered":"https:\/\/www.lee-associates.com\/greenville\/?p=1641"},"modified":"2024-05-09T15:47:53","modified_gmt":"2024-05-09T19:47:53","slug":"lee-associates-announces-the-successful-sale-of-a-key-logistics-facility-in-spartanburg-sc","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/greenville\/2024\/05\/09\/lee-associates-announces-the-successful-sale-of-a-key-logistics-facility-in-spartanburg-sc\/","title":{"rendered":"Lee &amp; Associates Announces the Successful Sale of a Key Logistics Facility in Spartanburg, SC"},"content":{"rendered":"<div id=\"pl-1641\"  class=\"panel-layout\" ><div id=\"pg-1641-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-1641-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-1641-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-1641\"\n\t\t\t data-overlay-enabled=\"1\" data-overlay-settings=\"{&quot;enabled_for_widgets&quot;:[&quot;sow-image&quot;,&quot;sow-image-grid&quot;,&quot;sow-simple-masonry&quot;],&quot;theme&quot;:&quot;&quot;,&quot;show_delay&quot;:300,&quot;overlay_color&quot;:&quot;#000000&quot;,&quot;overlay_opacity&quot;:0.8,&quot;overlay_position&quot;:&quot;bottom&quot;,&quot;overlay_size&quot;:0.3,&quot;desktop_show_trigger&quot;:&quot;hover&quot;,&quot;touch_show_trigger&quot;:&quot;touch&quot;,&quot;responsive_breakpoint&quot;:&quot;1024px&quot;,&quot;responsive_breakpoint_unit&quot;:&quot;px&quot;,&quot;overlay_animation&quot;:&quot;fade&quot;,&quot;overlay_animation_onscreen&quot;:false,&quot;font_family&quot;:&quot;&quot;,&quot;text_size&quot;:&quot;15px&quot;,&quot;text_size_unit&quot;:&quot;px&quot;,&quot;text_color&quot;:&quot;#fff&quot;,&quot;text_padding&quot;:&quot;22px 22px 22px 22px&quot;,&quot;text_position&quot;:&quot;middle&quot;,&quot;text_align&quot;:&quot;left&quot;,&quot;text_animation&quot;:&quot;&quot;}\"\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/greenville\/wp-content\/uploads\/sites\/38\/2024\/05\/150AccessRoad.png\" width=\"2082\" height=\"1438\" srcset=\"https:\/\/www.lee-associates.com\/greenville\/wp-content\/uploads\/sites\/38\/2024\/05\/150AccessRoad.png 2082w, https:\/\/www.lee-associates.com\/greenville\/wp-content\/uploads\/sites\/38\/2024\/05\/150AccessRoad-300x207.png 300w, https:\/\/www.lee-associates.com\/greenville\/wp-content\/uploads\/sites\/38\/2024\/05\/150AccessRoad-1024x707.png 1024w, https:\/\/www.lee-associates.com\/greenville\/wp-content\/uploads\/sites\/38\/2024\/05\/150AccessRoad-768x530.png 768w, https:\/\/www.lee-associates.com\/greenville\/wp-content\/uploads\/sites\/38\/2024\/05\/150AccessRoad-1536x1061.png 1536w, https:\/\/www.lee-associates.com\/greenville\/wp-content\/uploads\/sites\/38\/2024\/05\/150AccessRoad-2048x1415.png 2048w\" sizes=\"(max-width: 2082px) 100vw, 2082px\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><div id=\"panel-1641-0-0-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>Spartanburg, SC \u2013 Lee &amp; 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.<\/p>\n<p>The property, sold by CF&amp;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.<\/p>\n<p>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.<\/p>\n<p>Representing the seller off-market, CF&amp;K, LLC, were Lee &amp; Associates\u2019 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 &amp; Associates Real Estate.<\/p>\n<p>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\u2019s expertise in navigating complex deals that bring both parties to the closing table successfully.\"<\/p>\n<hr \/>\n<p><strong>About Lee &amp; Associates<\/strong><\/p>\n<p>With a reputation for delivering top-tier client-focused results, Lee &amp; 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 &amp; 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.<\/p>\n<p>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<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-1641-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-1641-1-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Spartanburg, SC \u2013 Lee &amp; 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&amp;K, LLC to K2 Property Acquisitions, LLC, comprises a 25,000-square-foot cross-dock truck terminal situated on a sprawling&#8230;<\/p>\n","protected":false},"author":100,"featured_media":1643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,169,2],"tags":[],"class_list":["post-1641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-closed-deals","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lee &amp; Associates Announces the Successful Sale of a Key Logistics Facility in Spartanburg, SC - Lee &amp; Associates Greenville<\/title>\n<meta name=\"description\" content=\"Lee &amp; Associates, a leader in commercial real estate services throughout North America, proudly announces the completed off-market sale of 150 Access Road, Spartanburg, SC\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/greenville\/2024\/05\/09\/lee-associates-announces-the-successful-sale-of-a-key-logistics-facility-in-spartanburg-sc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee &amp; 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