Patterson Arranges Senior Loan for Industrial Asset in Spartanburg, SC

Patterson is happy to announce the successful closing of acquisition financing for 185 Littlejohn Street, a two-building, 247,000 SF industrial asset located on 24.1 acres in Spartanburg, SC. Patterson served as the exclusive capital markets advisor to Longleaf Capital Partners and Georgia Banking Company provided the senior loan for the property.

“185 Littlejohn is representative of the investment profile we seek in the industrial space—high-utility assets in strategic Southeast logistics corridors with value-creation potential at a basis below replacement cost,” said Scott Cloud, Founder of Longleaf Capital Partners. “We continue to favor infill Class B industrial where disciplined underwriting and operational execution drive outsized risk-adjusted outcomes.”

Press Release