A Blog About Tax Savings for Building Owners

Tag: Industrial Development

The Benefits of Sale-Leasebacks for Industrial Real Estate Owners

Sale-leasebacks seem to be growing across different sectors of commercial real estate. We have certainly seen this happen with dental and medical practices but we are also seeing it in industrial and other commercial real estate. It frees up capital for the operating entity to go and invest and expand in the running of the business instead of having it tied up in the real estate.

Richard Blackwell, Vice President of Development, Southeast office for Agracel, Inc. published an excellent post on the value of sale-leasebacks for industrial real estate. I’m publishing his post here because this is the clearest articulation I’ve seen on what industrial owners may want to utlize a sale-leaseback strategy. This strategy does not only need to apply to industrial users. Certainly any owner-operator who is running their business out of a building they also own could look to see if executing a sale-leaseback would benefit their business. Excellent post Richard!

#saleleaseback #industrialrealestate

Kansas City Based NorthPoint Development Plans Massive Industrial Park in Spartanburg, SC

Photo: NorthPoint Development / Upstate Business Journal

Money continues to flow into the Upstate of South Carolina as more companies and developers realize the value of having facilities here.

NorthPoint Development recently purchased 310 acres and plans to build a large industrial park in Spartanburg County called Spartan Enterprise Park.

More information about their development can be found in the Upstate Business Journal article. The developer is quoted, “NorthPoint Development is excited about the opportunity to bring our expertise to one of the fastest growing industrial markets in the country,” said NorthPoint Development Director of Industrial Leasing Nathan Brinker. “We have identified the Upstate as a prime market for investment due to its central location in the Southeast offering access to a large percentage of the population, connectivity to major regional transportation corridors and efficient delivery of goods via the state’s expanding inland and seaport network. Our assessments of this market show a rapidly growing population and corresponding favorable labor dynamics which companies look to when making expansion or relocation decisions. We look forward to working with local and regional economic development entities as well as the Colliers team to find the right tenants and bring new corporate investment to the Upstate.”

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