JLL Carolinas Brokers 405 KSF Industrial Sale
CM Knight Logistics acquired the former LaFrance Industries manufacturing facility in Anderson. At the time of the sale, 288,000 square feet were available for lease.
Logistics and supply chain company CM Knight Logistics has acquired the former LaFrance Industries manufacturing facility in Anderson, S.C., for $7.7 million. The new owner has rebranded the 405,000-square-foot property as Anderson Industrial & Logistics Pointe. JLL Carolinas worked on behalf of the buyer.
Located at 290 Old Anderson Road on 45 acres, the fenced facility features 1,900 square feet of frontage on Highway 76 and provides easy access to Interstate 85. Major manufacturers such as Arthrex and Michelin are in close proximity, while Clemson University is within a 10-minute drive.
Seller Mount Vernon Mills, the parent company of LaFrance Industries—a domestic manufacturer that produces fabrics for paint rollers and for seating surfaces—has leased back 120,000 square feet at the facility.
JLL Carolinas Senior Vice President Perry Major represented CM Knight Logistics on the acquisition, while Stan Johnson Co. Associate Director Robert Poirier acted on behalf of the seller. Major and JLL Carolinas Vice President Spencer Yorke will market the 288,000 square feet available at Anderson Industrial & Logistics Pointe, which is set to undergo a facelift. JLL Carolinas is also marketing to lease State Employees’ Credit Union, an iconic building in Chapel Hill, N.C.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses exclusively on net lease transactions involving retail, office, industrial, healthcare and sale-leaseback properties. The firm provides acquisition, disposition, capital markets and advisory services for institutions, developers, investment funds and private investors across the United States. Now in its fourth decade of serving as a trusted advisor to its valued clients, Stan Johnson Company has completed more than $30 billion in transactions nationwide and is regarded as the Net Lease Authority®. To learn more about Stan Johnson Company, please visit the recently enhanced website at www.stanjohnsonco.com.