GREENVILLE, S.C., May 15, 2024
/PRNewswire/ -- Aline Capital is proud to announce our
representation of KM Fabrics in the purchase of a ±161,214 SF
industrial property in Greenville,
South Carolina!
Founded in 1979 right here in Greenville, KM Fabrics has become one of the
world's leading producers of premium velvets. Their drapery
fabrics can be found in America's theatres, concert halls and
performing arts venues…including the Peace Center in downtown
Greenville!
KM Fabrics has been operating at their current facility on the
west side of Greenville since
1979, but they needed a bigger property to accommodate their
continued growth. They turned to Chris Schweighart, who leads our firm's
Industrial Division, for this expansion project, and Chris was able
to procure an off-market deal with Chromascape, the owner of the
±161,214 SF industrial property at 105 Wood Street.
The buyer and seller worked diligently through several months of
negotiations and then nearly 20 months of being under contract,
with the transaction finally closing on April 24, 2024. Both parties were extremely
collaborative throughout the process.
After completing this transaction, the CEO of Chromascape,
Seth Tomasch, had these positive
words to say about working with Chris: "Chris Schweighart was fantastic to work with on
this deal...he's a highly skilled broker with exceptional
communication skills. He showed persistence and professionalism
throughout the process, bringing us a first-class buyer in KM
Fabrics and helping to keep things on track despite multiple
delays. This was one of the smoothest commercial real estate
transactions I've been a part of, and Chris deserves a lot of
credit for that. Thank you, Chris, and congratulations to
KM Fabrics on their expansion!"
Our industrial team truly enjoyed working with KM Fabrics and
Chromascape to get this deal to the finish line. We extend
our heartfelt thanks to the leadership teams at both companies for
trusting us with this real estate project. It's exciting to
see a first-class textile manufacturing company like KM Fabrics
re-commit to Greenville, the
one-time Textile Capital of the World, as its long-term home.
Please join us in wishing KM Fabrics continued success in
Greenville, SC! For more
information about how Aline Capital can help with your commercial
real estate investments, please visit alinecapital.com
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SOURCE Aline Capital, LLC