{"id":33284,"date":"2022-03-01T08:02:53","date_gmt":"2022-03-01T05:02:53","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=33284"},"modified":"2022-02-28T12:53:16","modified_gmt":"2022-02-28T09:53:16","slug":"welcome-group-buys-houston-san-antonio-charleston-industrial-space-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/welcome-group-buys-houston-san-antonio-charleston-industrial-space-portfolio\/","title":{"rendered":"Welcome Group Makes 1st South Carolina Industrial Acquisition"},"content":{"rendered":"<p>Houston-based single-tenant real estate developer Welcome Group recently announced its latest investment: The acquisition of five properties \u2014 including two highly-visible projects in Pearland, Texas, and Sugar Land, Texas \u2014 as well as its first in South Carolina, part of the firm\u2019s expansion into the southeast U.S. region.<\/p>\n<p>The company \u2014 which specializes in manufacturing, lab, warehouse and distribution facilities \u2014 currently owns a diverse portfolio of more than 6 million square feet across more than 130 industrial properties in Texas and the southeast U.S.<\/p>\n<p>\u201cWe\u2019re looking to expand our footprint in North Carolina, South Carolina and Georgia, in particular,\u201d said President and CEO of Welcome Group, Welcome Wilson, Jr. \u201cThat\u2019s really going to set the table for us in terms of long-term growth.\u201d<\/p>\n<p>Earlier this year, Welcome Group acquired two commercial properties in Georgia, marking its first foray outside of Texas. Its second was one of the five portfolio properties purchased most recently, which also represents the firm\u2019s first acquisition in South Carolina. Specifically, Welcome Group now owns Foxbank Industrial Park, a 31-acre facility that incorporates 201,585 square feet of industrial building and warehouse space in the Goose Creek \u2013 Hanahan corridor north of Charleston, S.C. Located at 2550 Highway 52 in Moncks Corner, S.C., the property is occupied by Sea Fox Boat Company, which develops and builds a variety of handcrafted saltwater boats.<\/p>\n<p>The multi-property acquisition also included 522 Gillingham Lane in Sugar Land Business Park, as well as the facility at 14740 Kirby Drive in Pearland. These properties contribute a combined total of 143,100 square feet of greater <a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/tx\/houston\/\" target=\"_blank\" rel=\"noopener\">Houston industrial and warehouse space<\/a> to the firm\u2019s portfolio.<\/p>\n<p>The Sugar Land property is currently leased to Cubic ITS, Inc., whose Trafficware technology promotes green initiatives by optimizing the flow of motorist and pedestrian traffic. Meanwhile, Cardiovascular Systems, Inc. \u2014 developer of innovative interventional treatment systems for patients with heart disease \u2014 occupies the 8.7-acre Pearland property.<\/p>\n<p>Welcome Group also added 122,773 square feet of <a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/tx\/bexar-county\/san-antonio\/\" target=\"_blank\" rel=\"noopener\">flex and industrial space in San Antonio<\/a><strong>, <\/strong>Texas, with the purchase of 6603 First Park Ten Blvd. and University Park Tech Center V at 6203 Farinon Dr. Both properties include office space and laboratory facilities and are home to testing laboratories company LabCorp and specialty therapeutic medical device manufacturer KCI USA, Inc., respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s portfolio includes more than 6 million square feet across more than 130 industrial properties in key Texas and Southeast U.S. markets. <\/p>\n","protected":false},"author":48,"featured_media":33286,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,38,4014,41],"tags":[],"class_list":["post-33284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-industrial","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Welcome Group Buys Multi-State Industrial Portfolio | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Welcome Group makes second purchase outside Texas markets, part of a 3-state, 5-property industrial, flex, and lab facilities portfolio.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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