The Silverman Group fully leases latest Rock Hill industrial building as project delivers
By Collin Huguley – Staff Writer, Charlotte Business Journal
Nov 11, 2022
An industrial developer active in the Charlotte region has completed its latest project in Rock Hill.
The Silverman Group has delivered and fully leased its 122,216-square-foot building at Legacy Park East in Rock Hill. The building, which is at 2020 Williams Industrial Blvd., has landed two tenants to bring it to 100% occupancy. The first tenant, Sardo & Sons, took over its 65,809-square-foot space there earlier this month, the developer’s team confirmed to the Charlotte Business Journal.
Avison Young’s Henry Lobb, Chris Skibinski and Colin Ferguson represented Silverman in its lease deals for the building on Williams Industrial Boulevard. A second, undisclosed tenant signed on for the remaining 56,407 square feet there, Lobb said.
Silverman announced earlier this year that it had broken ground on the building. The developer acquired the land for the project in 2020, along with two existing buildings at Legacy Park East, from Scannell Properties for $35.9 million, CBJ previously reported. Silverman’s three buildings at the Rock Hill industrial park total over 770,000 square feet.
“We very pleased with the successes of our final building at the Legacy project,” said Toby Nelson, Silverman’s vice president of leasing. “Understanding that the market was in need of smaller industrial buildings of this caliber, we felt we were in a good position to find the right tenants for this new asset.”
Silverman has been incredibly active in the Charlotte region in recent years, and 2022 has been big for the New Jersey-based developer.
Earlier this year, it broke ground on a 1.4 million-square-foot, build-to-suit fulfillment center that it is developing for Macy’s Inc. (NYSE: M) in China Grove. Macy’s pledged a $584 million investment and the creation of 2,800 jobs there during its announcement, making it among the largest industrial projects in the region.
CBJ also reported earlier this year that Silverman was working to rezone hundreds of acres in Statesville for industrial uses. The developer has not yet announced any plans there.
Silverman’s new wave of activity in the Charlotte region comes after it first entered the market several years ago as the developer of Concord Airport Business Park. It also developed a large building near Charlotte Douglas International Airport, and has consistently leased its newest projects. The last building at Legacy Park East in Rock Hill is just the latest where Silverman has found success.
“The project saw strong leasing activity from project commencement to completion as smaller bay industrial product continues to see great tenant demand,” Lobb said.
Original article here .