Growth Capital Partners (GCP)

Industrial Real Estate Development

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Legacy Park West

  • Exterior of Legacy Park West in Rock Hill, SC
  • Aerial of Legacy Park West in Rock Hill, SC

Quick Facts

Location

Rock Hill, SC

365 East Springdale Road

Size

557,035 SF

Year Built

2016 & 2017

Project Details

Timeline

Aquired: 2017

Sold: 2020

Occupancy

Ross

3% Office

Property Level IRR

20.10%

Project Notes

Lease-to-Core Case Study

Acquired Legacy Park West, two newly constructed Class A warehouses totaling 558,000 sf located in Rock Hill, SC.  At the time of acquisition, Building One (126,000 sf) was 100% leased to Elite Logistics and Building Two (432,000 sf) was under construction, representing a significant value-add opportunity.  In addition, the acquisition materially enhanced GCP’s portfolio in terms of quality and provided an opportunity to own a new property without taking development risk.
  • Secured a 10-year lease with Ross Stores for 100% of Building Two
  • The long-term lease with an investment-grade retailer generated substantial value creation

Contact GCP

Headquarters

2 North 20th Street

Suite 1500

Birmingham, AL 35203

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Locations

Atlanta, GA - 678-690-5172

Birmingham, AL - 205-864-4950

Jacksonville, FL - 205-864-5197

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