Darling of Intercontinental leads acquisition effort of 300,000 s/f office park
Intercontinental Real Estate Corp. has acquired the Independence Corporate Park, a seven-building office park. The acquisition, made on behalf of Intercontinental's U.S. Real Estate Investment Fund, LLC (US REIF), was led by Kevin Darling, director, acquisitions at Intercontinental.
Independence Corporate Park is a class A office complex totaling 300,000 s/f. Situated on 34 acres, the park is located at the intersection of I-85 and I-385. The property is currently 97% leased.
Thomas Taranto, director of acquisitions, asset and portfolio management at Intercontinental said, "Greenville is a thriving and vibrant city that has experienced tremendous growth over the last 20 years. Independence Corporate Park is prominently located and currently 97% leased to a variety of local, regional, and national tenants."
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The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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