Blue Vista and IP Capital Partners JV acquires 56-acre industrial site in South Carolina

Blue Vista Capital Management announced it has acquired a 56-acre site at 1298 New Cut Rd. in Spartanburg, S.C., consisting of an existing 201,718-square-foot manufacturing and warehouse building, 31 acres of undeveloped land and more than 300 parking spaces. The investment is a joint venture between Blue Vista and IP Capital Partners and represents a continuation of Blue Vista’s long-standing middle-market real estate investment strategies.

The existing building at New Cut Road features several amenities that make it attractive for both warehouse and manufacturing use, including multiple points of ingress and egress, four dock-high doors, three drive-in doors and a significant power infrastructure consisting of two transformers offering a combined 8,000 amps of power at 480 volts. Additionally, the building is fully air conditioned. The property is located proximate to key arteries Interstate 85 and Interstate 26 and is easily accessible to local and regional airports and