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Rockefeller Group to Build 370,000-SF Spec Industrial Facility in Fort Mill

NYC-Based Developer Retains Avison Young to Market Lakemont77 Facility
January 17, 2018
Rockefeller Group International, Inc., a New York City-based developer, owner and investor, plans to develop Lakemont77, a 370,000-square-foot speculative industrial facility at 160 Steele Point Dr. in Fort Mill, SC. The Class A warehouse will be built on a 60-acre site within the Lakemont Business Park, which was acquired by the developer earlier in the third quarter of 2017.

John Petricola, senior vice president and regional development officer for Rockefeller Group’s Southeast region, noted that the Charlotte, NC market was recognized by the company as a prime target for industrial development.

“Charlotte is the second largest industrial market in the Southeast with improving demographics and strong population growth,” noted Petricola. “It’s an area prime for industrial growth and will continue to be important to our industrial development strategy.”

Avison Young's Christopher Skibinski and Henry Lobb have been hired as the exclusive leasing agents for the project.

“With vacancy below 4 percent, the Stateline industrial submarket is lacking large, Class A industrial product,” said Skibinski. “Combined with continued, steady absorption, this new supply will meet strong demand and continue the market’s momentum.”

Located approximately 14 miles south of Charlotte along Interstate 77, the industrial building will feature auto parking, trailer storage and a 36-foot clear height.

Tyler Jones, development manager for Rockefeller Group’s Southeast region, mentioned that the site will be attractive for both regional and local distribution, but will also be suitable for light industrial and manufacturing tenants given the project’s versatile design.

The developer is slated to begin construction this quarter, and anticipates that the building will be completed during the third quarter of 2018.
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