Weston Acquires Carolina Industrial Portfolio
Weston is pleased to announce the recent purchase of the Carolina Industrial Portfolio, a 5.5 million square foot portfolio consisting of 37 buildings and 57 tenants spread across the state of South Carolina, with one asset in North Carolina. The acquisition marks the single largest transaction in Weston’s history as well as in the state of South Carolina. President T.J. Asher states “We are excited to be in South Carolina and look forward to growing the portfolio!”.
South Carolina is one of the fastest growing manufacturing states in the nation and boasts a strong global manufacturing presence with the automotive sector being led by BMW, Mercedes, and Volvo, with numerous tier 1 and tier 2 suppliers. The aerospace sector has a large presence with Boeing and Gulfstream, and Weston is proud to be a part of this footprint.
Weston previously dipped its proverbial toe into the Carolina market in May 2019 when it purchased a five-property portfolio consisting of 1.5 million square feet of industrial space. With a portfolio encompassing 7 million square feet in South Carolina, Weston is one of the state’s largest privately-owned real estate investors.
