GREENVILLE, SC –
Passco Companies, LLC has acquired the 244-unit Class A multifamily community Vinings
at Laurel Creek for $30.9 million. Vinings
at Laurel Creek is located at 3434 Laurens Road in the City of Greenville, S.C.
The newly constructed community, which was completed in
2013, is located in the highly desirable Greenville-Spartanburg-Anderson region
of South Carolina known as “Upstate,” according to Gary Goodman, Senior
Vice President Acquisitions of Passco
Companies.
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| Vinings at Laurel Creek, Greenville, SC |
“The Upstate region of South Carolina has demonstrated
tremendous growth over the past twenty years,” explained Goodman. “Vinings at
Laurel Creek is located in Greenville’s most active employment submarket,
ensuring ample renter demand from the growing population of area employees.”
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| Gary Goodman |
According to Goodman, Vinings at Laurel Creek is in close
proximity to downtown Greenville, and is also adjacent to two of Greenville’s
newest business and technology parks, including Clemson University’s
International Center for Automotive Research (CU-iCar), as well as the
Millennium Campus Business Park.
“Greenville’s unemployment rate is currently 2.2 percent
lower than the national average,” explained Goodman.
“The region’s strong
employment rate is a result of a large concentration of automotive,
engineering, high-tech and manufacturing companies that have been attracted to
the area in recent years.
"With its employment and population boom poised to
increase each year, a high demand for quality product will only continue to
rise.”
For a complete copy of the company’s news release, please contact:
Corynne Randel / Jenn Quader
Brower, Miller & Cole
(949) 955-7940
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