Pearlmark and Farpoint Development Close on 134 Long Road

Chicago, IL (August 24, 2023) – Pearlmark and Farpoint Development (“Farpoint”) (collectively, “Sponsorship”) closed on the acquisition of 134 Long Road (the “Property” or “Project”), a 50-acre development parcel on which Sponsorship is constructing a 560,000 square foot cross-docked industrial building. Located in Anderson County, part of the larger Greenville-Spartanburg MSA in South Carolina, the Property is strategically located near I-85, which is the primary transit corridor between Atlanta and Charlotte, the two largest industrial markets in the Southeast United States. The I-85 corridor in upstate SC has seen a surge of industrial development over the past several years and is home to several national industrial tenants near the Property. The upstate industrial market has a solid foundation to grow upon, as continued reshoring by overseas manufacturers and the growth of the Port of Charleston and the Inland Port of Greer next to the BMW plant has driven demand for manufacturing and distribution space.

Farpoint and MCA Architecture designed the Property to modern standards as a Class-A, tilt-wall facility featuring 40’ clear heights, ESFR sprinklers, and large truck courts with ample employee parking. Farpoint opened a Southeast office in 2021 and is serving as the development manager, providing its extensive experience in managing large scale development and redevelopment projects. The rest of the project team includes regional industrial experts Seamon Whiteside, EAS, and Vannoy Construction, with construction debt provided by First Carolina Bank.

The Project is the first investment in Pearlmark’s latest equity fund, Pearlmark Equity Partners II, L.P. (“PEP II”). PEP II held its first close in March 2023 at $130 million and is actively investing in the middle market value-add space across the U.S.

“134 Long Road represents a unique opportunity to capture the significant demand for industrial space in the dynamic I-85 corridor. The strategy is a perfect fit as our debut transaction in our latest equity fund, PEP II,” said Keith Page, Managing Director and lead executive on the transaction for Pearlmark.

Eric Helfand, Founding Principal at Farpoint, added, “We are excited to collaborate with Pearlmark as we continue our expansion into the Southeastern United States to deliver this Class-A industrial development.”

Stephen Quazzo, CEO for Pearlmark, also commented, “Industrial is a core strategy of our PEP II vehicle and we are thrilled to work with a best-in-class developer in Farpoint to deliver strong risk-adjusted returns to our fund investors.”

Daniel Rosenberg of Bellwether Enterprise’s Chicago office arranged the equity and debt financing for the Project.

The Project's leasing brokers will be Marcus Cornelius and Campbell Lewis of CBRE.


Pearlmark is a Chicago-based investment firm that targets domestic core-plus to value-add real estate opportunities via commingled funds, separate accounts, and joint venture structures. Since 1996, Pearlmark has sponsored more than 15 real estate equity and debt investment programs and completed 573 real estate equity and debt transactions on behalf of investors, representing $5.6 billion in equity capital commitments and $13.9 billion in gross investment value. Pearlmark is dedicated to creating value for its investors and offers a range of investment opportunities across various property types (office, industrial, multifamily) in both local and national markets. For more information, please visit


At Farpoint Development, we do more than build buildings. Our founders have decades of experience solving real estate challenges by creatively and carefully answering the needs of our partners. Our ambition to build resilient, sustainable neighborhoods — places that people will be proud to work or live in decades from now — is what drove us to found our firm. It’s also what drives us forward.

We design for the long-term with buildings that are resilient and sustainable. We approach our work with optimism. It’s why we embrace complex projects that anchor entire neighborhoods. We prioritize relationships over profit. In fact, we believe that strong partnerships — with all our stakeholders — generate stronger financial results. Learn more at