Princeton-based real estate investment trust Chambers Street Properties announced today it executed a new long-term lease for 342,096 square feet at its Community Cash Complex warehouse/distribution property in Spartanburg, S.C. Financial terms were not disclosed.
According to the announcement, the 10-year lease with Rank Distributors, Inc., a global sourcing service for the hospitality industry, covers two buildings in the five-building complex. Community Cash Complex is a five-building warehouse/distribution property totaling 552,000 square feet located in the strategic logistics market of Spartanburg. The company owns more than 3.6 million square feet of warehouse/distribution properties in South Carolina. Chambers leased more than 400,000 square feet at another South Carolina location in early October.