Red Rock Developments Announces Closing of Red Rock Industrial Fund I

April 30, 2020

COLUMBIA, SC – Red Rock Developments is pleased to announce the initial closing of Red Rock Industrial Fund I, a $50 Million GP fund. Through LP investments and debt, the Fund can develop, acquire and re-develop up to $1.25 billion in industrial assets. Red Rock Industrial Fund I is designed to take advantage of the disruption in the market caused by the emerging e-commerce business and company supply chain logistics being totally revamped.  

“This is undoubtedly the most exciting endeavor I have undertaken in my professional career,” states Bill Smith, CEO of Red Rock Developments. “I wholeheartedly believe that this is an unprecedented time in the industrial market and that this fund will allow investors to take advantage of the fundamental disruption/change in the market. The Covid-19 pandemic has further heightened the need for supply chain/logistics restructuring, causing the need for strategic bulk warehouses for e-commerce and fulfillment end users.”

About Red Rock Developments

Red Rock Developments is a privately held real estate development and investment company headquartered in Columbia, SC, with a regional office in Charlotte, NC. Our core competency is in the industrial / distribution sector within select, strategic markets located predominantly east of the Mississippi River. Red Rock has developed over 18 million square feet of Class A industrial space and continues to grow its platform.  Red Rock’s areas of expertise include build-to-suit/lease, speculative development and industrial park/land development. The company currently has industrial projects located in Central Florida; Atlanta, Georgia; Columbia, SC; Indianapolis, Indiana; Richmond, Virginia; and Nashville, Tennessee.