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Medalist Diversified REIT, a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Southeast region of the U.S., completed the acquisition of the Brookfield Center, a 66,000 sq. ft. flex-industrial property located in Greenville, South Carolina, for a purchase price of $6,700,000.
The Brookfield Center is 100% occupied and anchored by Gravitopia, the largest developer, operator and franchisor of trampoline parks. The center also includes other national, local and regional tenants. Greenville is 4th among 15 of the fastest-growing large cities in the U.S. and is home to well-known national and international corporations.
“Greenville has been an appealing market to us for some time due to strong and diverse economic drivers. In a recent study, Greenville was named among the top 14 markets that stand out as options for investors seeking growth opportunities in industrial real estate. We believe the Brookfield Center will bring positive growth to our company,” stated William Elliott, Vice Chairman and President of Medalist.