Metropolitan Greenville is the first industrial community near Charleston, says Reeves. The actual warehouse is in Duncan, South Carolina, just outside of Greenville, which is roughly 200 miles from the port of Charleston, and close to I-95, I-85 and I-26, which are pluses, says Reeves.

In addition to logistics considerations, ResMed likes the fact that Spartanburg County will be offering tax credits once the company creates a certain number of jobs, says Constance Bienfait, director of investor relations at ResMed.

ResMed, which makes equipment for respiratory disorders, with a focus on sleep disordered breathing, chose its new distribution site in the Spartangreen industrial park between Spartanburg and Greenville. The 473,398-square foot warehouse was formerly occupied by BMG Direct Marketing, Inc. Although BMG Direct left in February, it bought out its lease, which was to run through March 31, 2011, because it no longer needed the space. The company had occupied the whole building, so even when ResMed moves in, the property, owned by Piedmont Office Realty Trust, Inc., based in metro Atlanta, will be about 37% occupied.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.