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West End: Proposed $70 million dollar mixed-use project could uproot comunity center


A Charlotte-based developer is eyeing a $70 million project on the current site of a downtown Greenville community center. SunCap Property Group has plans to move forward with 250 apartments, more than 15,000 square feet for retail space and a parking garage along roughly three acres of land across from Fluor Field. “We really wanted to create a project that really supported and continued what’s so great about the West End,” said David Lee, senior vice president of SunCap Property Group. “We, quite frankly, consider this to be the best site in Greenville.” Lee said he’s working to ensure the space would be pedestrian-friendly and would bring foot traffic to that section of the West End. Right now, half an acre is owned by a real estate company. The rest belongs to Allen Temple AME Church, including the West End Community Development Center. An agreement for the property is under contract, said Lee. Records show the property owned by the church is worth $2.3 millio ....

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SunCap Property Group Sells Arizona Industrial Asset


SunCap Property Group Sells Metro Phoenix Industrial Asset
The company developed the 135,745-square-foot property as the first building of its Gilbert Spectrum Business Park.
Jan132021
Image courtesy of Cushman & Wakefield
SunCap Property Group has sold a 135,745-square-foot light industrial building forming part of its 63-acre Gilbert Spectrum Business Park in Gilbert, Ariz. Boston-based GID Industrial paid $23.2 million for the Class A asset which was fully leased at the time of close. Cushman & Wakefield negotiated on behalf of the seller.
SunCap developed the facility on nearly 9 acres at 196 S. McQueen Road as the first building of the Spectrum industrial campus, financing the construction with a $9.7 million loan from Delaware Life Insurance Co., according to CommercialEdge. Completed in 2019, the one-story property features a 32-foot clear height and 40 dock doors. ....

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