Red Rock Developments Announces Lease of 304,884 SF Speculative Warehouse at Smith Farms Industrial Park to Dunlop Sports Americas

October 11, 2023

Greer, SC — Red Rock Developments is pleased to announce that Smith Farms Industrial Park’s fourth speculative distribution facility has been fully leased to Dunlop Sports Americas. The 304,884 SF rear-load speculative facility is located a few miles from I-85 in Greer, SC. Delivered in August 2023, the project is the second building leased from Phase II of the Smith Farms Industrial Park development, which is owned with Red Rock Developments’ capital partner, an affiliate of LXP Industrial Trust. Smith Farms currently has one additional building available for immediate occupancy in Phase II, a 1.1 million SF cross dock facility.

Smith Farms offered Dunlop Sports Americas the opportunity to gain immediate occupancy in a building differentiated from others in the market with attributes like 36’ clear ceiling heights, completed speculative shipping/receiving offices, dock packages made up of 40K lb hydraulic levelers, seals, dock fans and lights.  All of this is offered in a high-end Class A industrial park that includes common features like paved sidewalks, added greenspace, manicured landscaping, and a curb and guttered three-lane loop road that provides easy access for both automotive and truck circulation.  “We chose Smith Farms Industrial Park for our expansion because of the best-in-class park that Red Rock has developed”, said Bill Bird, CFO SIRXION/Cleveland Golf.

Marcus Cornelius, SIOR; Trey Pennington, SIOR; and Jeff Benedict of CBRE | South Carolina represented Red Rock Developments in the lease transaction. Jeff Head & Tommy Turner, SIOR of Newmark represented Dunlop Sports Americas in the lease transaction.

About Dunlop Sports Americas

Originally founded in 1979 by Roger Cleveland as Cleveland Classics, the company got its start producing replicas of the game’s most classic golf clubs. An undisputed trailblazer and longtime wedge design innovator, Cleveland Golf continues to create easy-to-hit woods and irons along with elite short-game equipment. Headquartered in Huntington Beach, CA, the company is now owned by Sumitomo Rubber Industries, which owns several other quality sport brands. Dunlop Sports Americas distributes Dunlop branded racket sports products, as well as Cleveland Golf, Srixon, XXIO, and Never Compromise branded golf products. This is Dunlop Sports Americas second distribution facility in the local area and was leased primarily to support a new business segment that will be distributing Nike Golf shoes and apparel to Golf Specialty stores across the U.S.

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 focused on strategic, gateway markets throughout the United States. Red Rock has developed over 25 million square feet of Class A industrial and office 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 throughout the Southeast, Mid-Atlantic and Midwest regions.

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of June 30, 2023, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.