Hot Properties, Oct. 5, 2021.

Dollar General is expanding their distribution capability with a new industrial space at 1375 Howell Road in Duncan. The site is near Inland Port Greer.

Mapletree Investments leased about 308,000 square feet of industrial space to the retailer to expand their distribution footprint. The property is just off S.C. Highway 290 with a building configured for distribution with cross-dock orientation and about 3,600 square feet of shipping and receiving office space, which enabled Dollar General to moving in right away and begin operations, according to a news release.

The owner and landlord of the building, Singapore-based Mapletree Investments, was represented in the transaction by the Colliers industrial team of Garrett Scott, John Montgomery and Brockton Hall.

"Demand for move-in ready industrial is higher than ever in the Upstate of South Carolina right now," Mapletree Investments asset manager Scott Silver said in the release. "This dynamic, combined with the Howell Road building's size, orientation and proximity to I-85 and the inland port in Greer, translated into a tremendous amount of interest as soon as the availability rolled out to the market. By partnering with the Colliers team we were able to secure a mutually beneficial lease for all parties in a very short period of time and are pleased to welcome Dollar General as the newest tenant in our portfolio."

The Greenville-Spartanburg industrial market has absorbed a large percentage of existing space, with an estimated 7 million square feet absorbed from January to August, according to Colliers. This demand is spurring new development across the Upstate and shorter vacancy timeframes for existing buildings, including the property at 1375 Howell Road.

Colliers reported last year that retail companies like Dollar General have seen growth during the pandemic.

The following commercial real estate transactions were recently completed in the Upstate. For weekly updates on commercial deals, see the Hot Properties feature every Tuesday in the GSA Business Report Daily email.

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