Red Rock Developments Advances Industrial Real Estate Strategy
Portfolio | Dec 17, 2024 | Red Rock Developments LLC
Red Rock Developments LLC is advancing its position in the industrial real estate sector by driving strategic projects in the Southeast U.S. The firm is prominently featured in Southeast Real Estate Business magazine, where its business activities in Upstate South Carolina and Richmond, Virginia, are highlighted. In Greer, South Carolina, the firm is spearheading the Smith Farms project, presenting a 1.1 million-square-foot facility for lease and planning for future developments tailored to specific tenant demands. Despite slower leasing of the current large-scale facility, Leah Bailey, Senior Vice President of Leasing, maintains an optimistic outlook. In Richmond, Virginia, Red Rock's previous success with a leased 353,000-square-foot facility, which was subsequently sold, points to its prowess in delivering market value. These initiatives reflect Red Rock Developments' flexible and strategic responses to industry trends, emphasizing their capability to grow in competitive markets.
Sectors
- Industrial Real Estate
- Real Estate Development
Geography
- United States – Red Rock Developments operates in the U.S., specifically in regions such as Upstate South Carolina and Richmond, Virginia.
- South Carolina – The Smith Farms project is located in Greer, South Carolina, making this a focal point of Red Rock's activity.
- Virginia – Red Rock Business activities in Richmond, Virginia, including a successful project in Chesterfield County, emphasize its presence in this state.
Industry
- Industrial Real Estate – Red Rock Developments is actively engaged in industrial real estate projects, including large-scale facilities in South Carolina and Virginia.
- Real Estate Development – The company focuses on developing speculative and build-to-suit facilities, reflecting its role as a real estate developer.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Red Rock Developments LLC | Real Estate Developer | Company | Red Rock Developments is a private equity-backed real estate development firm focusing on industrial properties. |
| Leah Bailey | Senior Vice President of Leasing | Person | Leah Bailey is responsible for leasing activities at Red Rock Developments, as indicated by her commentary in the article. |
| Coca-Cola Consolidated | Tenant | Company | This company was a tenant in a Red Rock-developed facility in Chesterfield County, Virginia. |