Build-to-Suit/Lease200,000 square-foot manufacturing/warehouse facility Chester, SC
This client needed a 20-year fixed rate lease allowing them to maintain long term control of their facility in accordance with an operating lease as defined by FASB 13. Additional challenges included:
Knowledge of the South Carolina permitting processes and an understanding of state and local incentives were critical to make this project a success for all parties. The project was developed or constructed by principals of Red Rock Developments prior to founding the company.
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