{"id":191,"date":"2014-08-18T06:49:26","date_gmt":"2014-08-18T06:49:26","guid":{"rendered":"http:\/\/www.spencerhines.com.php56-6.ord1-1.websitetestlink.com\/blog\/?p=191"},"modified":"2016-12-20T06:50:41","modified_gmt":"2016-12-20T06:50:41","slug":"under-armour-looking-for-commercial-real-estate-in-the-south","status":"publish","type":"post","link":"https:\/\/www.spencerhines.com\/blog\/under-armour-looking-for-commercial-real-estate-in-the-south\/","title":{"rendered":"Under Armour Looking For Commercial Real Estate In The South"},"content":{"rendered":"<p><!-- [if gte mso 9]><xml>\n<o:OfficeDocumentSettings>\n<o:AllowPNG\/>\n<\/o:OfficeDocumentSettings>\n<\/xml><![endif]--> <!-- [if gte mso 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\/>\n<\/style>\n\n<![endif]--> <!--StartFragment--><\/p>\n<p class=\"MsoNormal\"><b>Under Armour Looking For Commercial Real Estate In The South<\/b><\/p>\n<p>Under Armour is an apparel company based in Baltimore, Maryland that has taken the entire apparel industry by storm over the past few years.\u00a0 It is a company that has essentially grown out of nowhere and was started in 1996.\u00a0 Under Armour was started in an industry with intense competition from massive apparel companies like Nike, Adidas, Reebok and many others.\u00a0 The company is an incredible success story of founder Kevin Plank growing the business from a small time shop being run out of his grandmother\u2019s garage to a worldwide, publicly traded company.<\/p>\n<p class=\"MsoNormal\">With this growth Under Armour has opened offices and warehouses around the world.\u00a0 In it\u2019s latest move Under Armour is looking for commercial real estate in which to build a 2 million square foot distribution center.<\/p>\n<p class=\"MsoNormal\"><b>South Carolina On The List for High Profile Commercial Real Estate <\/b><\/p>\n<p class=\"MsoNormal\">Under Armour has narrowed down their choice to three cities \u2013 Nashville, Atlanta and a South Carolina city, likely The Upstate, Greenville\/Spartanburg.\u00a0 This commercial real estate deal would pave the way for Under Armour to build an $80 million distribution center.\u00a0 The company has similar facilities in Rialto and Curtis Bay California.\u00a0 Under Armour is thought to be finalizing a build site in the next few weeks.<\/p>\n<p class=\"MsoNormal\">\n<p class=\"MsoNormal\"><b>What Would This Mean For South Carolina Commercial Real Estate?<br \/>\n<\/b>If a company like Under Armour were to choose a South Carolina site for their next commercial distribution center, it would be a huge win for the state for a variety of reasons.\n<\/p>\n<p class=\"MsoListParagraphCxSpFirst\" style=\"text-indent: -.25in; mso-list: l0 level1 lfo1;\"><!-- [if !supportLists]--><span style=\"font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;\">\u00b7<span style=\"font-size: 7pt; font-family: 'Times New Roman';\">\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><!--[endif]--><b>Exposure \u2013 <\/b>A publically traded company like Under Armour is incredibly influential and building a large distribution center in our state would bring a lot of media attention as well as attention from other growing companies.\u00a0 This additional exposure could lead to other companies looking for commercial real estate space in South Carolina.\u00a0\u00a0 Many times when one large company chooses a state for their headquarters or distribution center other companies take notice.<\/p>\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"text-indent: -.25in; mso-list: l0 level1 lfo1;\"><!-- [if !supportLists]--><span style=\"font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;\">\u00b7<span style=\"font-size: 7pt; font-family: 'Times New Roman';\">\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><!--[endif]--><b>Tax Benefits \u2013<\/b> When a company like Under Armour chooses a state, they are also instantly infusing significant tax resources into the local community.\u00a0 The taxes alone from a 2 million square foot distribution center could be used to improve education and infrastructure in South Carolina.<\/p>\n<p class=\"MsoListParagraphCxSpLast\" style=\"text-indent: -.25in; mso-list: l0 level1 lfo1;\"><!-- [if !supportLists]--><span style=\"font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;\">\u00b7<span style=\"font-size: 7pt; font-family: 'Times New Roman';\">\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><!--[endif]--><b>Jobs \u2013<\/b> As the news continues to point to high unemployment, if Under Armour were to build a large commercial real estate space in South Carolina, it would likely mean a significant number of new jobs for the area.\n<\/p>\n<p class=\"MsoNormal\"><b>Spencer Hines \u2013 Leader in South Carolina Commercial Real Estate<\/b><br \/>\nWe all hope that Under Armour chooses Greenville for their newest distribution center.\u00a0 If you or your company is interested in moving to the South Carolina area, give the professionals at Spencer Hines a call at 864-583-1001 to discuss a variety of commercial real estate options.<\/p>\n<p><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under Armour Looking For Commercial Real Estate In The South Under Armour is an apparel company based in Baltimore, Maryland that has taken the entire apparel industry by storm over the past few years.\u00a0 It is a company that has essentially grown out of nowhere and was started in 1996.\u00a0 Under Armour was started in&hellip; <a class=\"more-link\" href=\"https:\/\/www.spencerhines.com\/blog\/under-armour-looking-for-commercial-real-estate-in-the-south\/\">Continue reading <span class=\"screen-reader-text\">Under Armour Looking For Commercial Real Estate In The South<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Under Armour Looking For Commercial Real Estate In The South - Spencer Hines Commercial Real Estate Brokers for Greenville and Spartanburg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.spencerhines.com\/blog\/under-armour-looking-for-commercial-real-estate-in-the-south\/\" \/>\n<meta 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