The company signed a 10-year, 51,250-sf lease for an entire building at the four-building, 205,000-sf Centennial Corporate Center. The estimated aggregate value of the lease is $7 million, based on average asking area class A office rents of $13 per sf to $15 per sf.
The subsidiary of Atlanta-based United Parcel Service plans to have its facility open in June. Kirk Diamond, vice president and associate Richard Courts of the Atlanta office of Carter & Associates-ONCOR, found the space for the tenant.
Diamond tells GlobeSt.com, "UPS decided on Aiken because of four factors: labor availability, economic incentives, real estate availability within a particular time frame and wage rates." The brokers negotiated tax breaks and job development credits with the city, county and state as part of the deal.
The facility, which is being renovated and wired for UPS Customhouse's high-tech operations, will create about 550 jobs over the next five years, company officials estimate.
The 10-year old Centennial Corporate Center is 95% leased, says Ned Pendarvis of Columbia, SC-based Estates Inc., which owns the property on the south side of Aiken, about 20 miles north of Augusta, GA. UPS Customhouse Brokerage has more than 3,000 employees in 24 countries and handles over 195,000 shipments daily.
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