BORDEN
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The<br />
<strong>BORDEN</strong><br />
Building<br />
711 West Washington Street<br />
Greenville, South Carolina 29601 | Site #1637
Executive Summary<br />
The Borden Building offers a unique opportunity for investors and developers seeking to<br />
capitalize on the momentum of the downtown Greenville market and the development<br />
of the Proposed City Park. Over the past twenty years, Greenville has experienced a<br />
renaissance. Main Street and surrounding in-fill neighborhoods have seen a significant<br />
influx of new residents and businesses. Demand for quality office, large scale retail, and<br />
flex product has risen while supply continues to fall. As a result, rents have climbed<br />
consistently leaving prospective occupiers with a limited number of options at premium<br />
prices. Developments such as NEXT and the Claussen Bakery have experienced great<br />
success as both are at, or close to full occupancy with rents still on the upswing.<br />
Built sometime prior to 1940 by Borden, the facility specialized in ice cream making<br />
and distribution. 711 West Washington Street is currently the headquarters of MMR, Inc.<br />
-- a leading machine maintenance and repair company relocating due to growth. The<br />
property has approximately 40,000 square feet of warehouse and office space spread<br />
over two acres. With its clear heights, historic character, and infill location, the property<br />
is set up perfectly as an adaptive reuse.<br />
Because of the space shortage in the Upstate market, especially in and around downtown<br />
Greenville, we see creative office or urban flex space as the most likely conversions. Also,<br />
with the large number of apartment units slated to be delivered over the next 18 months,<br />
the property could entertain several larger retail concepts. All in all, the property’s scale,<br />
proximity to the Proposed City Park, and eligibility for multiple tax credits make the<br />
Borden Building unlike any other opportunity currently on the market.
Site Plan<br />
Lloyd<br />
Street<br />
West Washington Street<br />
To Dwntwn. Greenville<br />
MH<br />
Sanitary sewer<br />
PVC<br />
Overhead<br />
Power<br />
Face Of Curb<br />
Overhead<br />
Power<br />
Concrete<br />
SideWalk<br />
Conc.<br />
6’ Chain Link Fence<br />
Sanitary<br />
Sewer<br />
Madison Street<br />
Face Of Curb<br />
Conc Wall<br />
Conc.<br />
Conc.<br />
Wall<br />
Grass<br />
IPO On Line<br />
At 67.26<br />
Fence Gate<br />
& Curb Cut<br />
Chain Link Fence<br />
& Conc. Block Wall<br />
William Randolph Hale III ET AL<br />
N/F<br />
Brick And Concrete Block<br />
Industrial Building<br />
Concrete Pavement<br />
Storm<br />
Sewer<br />
Conc<br />
Wall<br />
High Voltage<br />
Storm<br />
Ground<br />
Sub - Station<br />
Sewer<br />
Asphalt<br />
Water<br />
Paving<br />
Monitoring<br />
Well<br />
Concrete<br />
Paving<br />
Overhead<br />
Power<br />
Conc<br />
Wall<br />
Conc<br />
6’ Chain Link Fence<br />
1 Story<br />
Conc. Block<br />
Bldg<br />
Asphalt<br />
Paving<br />
Milton Trotter<br />
N/F<br />
Conc. Block Wall<br />
Fence Gate<br />
& Curb Cut<br />
IPO On Line<br />
At 105 .08<br />
Waste<br />
Pit<br />
Ipo On Line<br />
At 55 .16<br />
Conc. Walk Conc. Walk<br />
Nassau Street
Property Highlights<br />
Details<br />
Address<br />
County<br />
711 West Washington Street<br />
Greenville<br />
Tax Map ID 005000200100<br />
Property Size ±1.953<br />
Building Size ±40,000<br />
Sale Price $3,150,000<br />
Zoning<br />
HVAC<br />
Water<br />
Power<br />
Gas<br />
Telecom<br />
Sewer<br />
Column Spacing<br />
Clear Height<br />
RDV<br />
Office area only. 5 ton unit<br />
Greenville Water System<br />
480 VOLT | 3 PHASE | 400 AMP<br />
240 VOLT | 3 PHASE | 2,000 AMP<br />
Piedmont Natural<br />
ATT<br />
ReWa<br />
Varies<br />
18-20 feet
Aerial<br />
Proposed City Park
Brandon Mill<br />
Lofts<br />
N<br />
2,000 feet<br />
W Stone Ave<br />
E Stone e Ave<br />
N<br />
Church St<br />
NOMA Square<br />
College St<br />
E North St<br />
Bon Secours<br />
Wellness Arena<br />
S Main St<br />
Fluor Field<br />
County<br />
Square<br />
Falls Park<br />
Governor’s School<br />
for the Performing Arts<br />
NEXT Building<br />
McBee Station<br />
Dunbar St<br />
29<br />
McBee Station<br />
Publix<br />
Staples<br />
Great Clips<br />
Urban Nirvana<br />
The Joint<br />
Mary Beth’s<br />
Augusta S<br />
St<br />
West Village District<br />
Mac Arnold’s<br />
Root’s Smokehouse<br />
One City Plaza<br />
Verizon Wireless<br />
Sassafras<br />
Cantina 76<br />
Sip Rooftop Bar<br />
Ristorante Bergamo<br />
NOMA Square<br />
Hyatt<br />
Roost<br />
Kilwins<br />
Oil & Vinegar<br />
Starbucks<br />
Liberty Square<br />
Piazza Bergamo<br />
The ONE Building<br />
The Peace Center<br />
Drive Times<br />
Highway 123 (±0.5 miles)<br />
Downtown Greenville (±1.0 mile)<br />
I-385 (±1.7 miles)<br />
Swamp Rabbit Trail (±0.3 miles)<br />
Proposed City Park (±0.3 miles)<br />
7,783<br />
Pendleton Pendleton St<br />
Academy St<br />
Vardy St<br />
Bon Secors<br />
St. Francis Health Center<br />
Andrews St<br />
22,433<br />
123<br />
West End Corridor<br />
Breakwater<br />
American Grocery<br />
Rick Erwin’s West End Grille<br />
Field House at<br />
Fluor Field<br />
Compadres<br />
Purple Sushi<br />
Liberty Tap Room & Grill<br />
New York Life<br />
River Walk<br />
Hall’s Chophouse<br />
The Lazy Goat<br />
Papi’s Tacos<br />
West End<br />
24,464<br />
Greenville<br />
High School<br />
Mellow Mushroom<br />
Smoke on the Water<br />
Eggs Up Grill<br />
24,268<br />
Proposed City Park<br />
Regional Map<br />
KROC<br />
Center<br />
er<br />
Judson Mill<br />
Anderson St<br />
Valentine St
Development Map<br />
24<br />
32<br />
Proposed City Park<br />
A new Downtown Greenville park planned for Mayberry and South Hudson Street<br />
with over ±20 acres, which will include a visitor’s center, open lawn areas,<br />
play ground, water features, over looks, community garden, etc.<br />
For more information on the Proposed City Park, please visit:<br />
http://upstatebusinessjournal.com/news/city-chooses-ohio-consultant-for-new-west-end-park/<br />
The<br />
<strong>BORDEN</strong><br />
Building<br />
44<br />
3<br />
16<br />
9<br />
18<br />
14<br />
13<br />
43<br />
19<br />
17<br />
28<br />
385<br />
5 26<br />
27 41<br />
30<br />
21 33<br />
42<br />
10 22<br />
29<br />
25<br />
4 40 34<br />
Map<br />
Map<br />
Site<br />
Site<br />
#<br />
#<br />
38 12 15<br />
1 Homewood Suites 23 98 East McBee<br />
2 NEXT Manufacturing Ctr. 24 Northridge<br />
41<br />
6<br />
1<br />
3 Park Place on Hudson 25 Brandon Mill Lofts<br />
4 Link West End 26 River’s Edge<br />
23<br />
37<br />
36<br />
35<br />
5 District West 27 Upstate Business Journal<br />
6 M West 28 Greenville Gateway<br />
7 Alta Vista Place 29 504 Rhett Street<br />
8 Extra Space Storage 30 Greenville Lofts<br />
9 Aloft 31 Reedy Point Visitors Ctr.<br />
10 Traverse 32 Northpointe<br />
11 Southridge 33 Riverplace 3<br />
12 Perimeter West 34 Embassy Suites<br />
13 Home2Suites 35 Fountains Greenville<br />
8<br />
39<br />
11<br />
7<br />
14 ONE - Tower 2 36 Erwin Penland<br />
15 400 Rhett 37 Camperdown<br />
16 Greenville Water HQ 38 Pendleton Baptist Church<br />
20<br />
17 Spring Street Hotels 39 Replacement for Tower<br />
18 ONE - Tower 1 40 Rhett Street Condos<br />
19 100 East 41 South Main at River<br />
20 Elements West 42 West Greenville Plaza<br />
21 Riverwalk 43 NEXT Incubator<br />
22 236 Rhett 44 New City Park
The<br />
<strong>BORDEN</strong><br />
Building<br />
Please contact the leasing team for information:<br />
Blaine Hart, SIOR<br />
Vice President | Office<br />
blaine.hart@cbre.com<br />
+1 123 456 7890<br />
Nick Hollstegge<br />
Associate | Industrial & Logistics<br />
nicholas.hollstegge@cbre.com<br />
+1 864 527 6053<br />
© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions,<br />
assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent<br />
investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related<br />
companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective<br />
owners and use of these images without the express written consent of the owner is prohibited. PMStudio_May2016
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