South Carolina Department of Commerce

Page 1


South Carolina Department of Commerce

John L. Petricola & Rebecca Williams

October 30, 2024

INTRODUCTION TO ROCKEFELLER GROUP

About Us

Founded in 1928, Rockefeller Group is a leading U.S. real estate developer, owner and operator dedicated to quality in the built environment. The company has decades of experience at the forefront of real estate development across multiple product types including office, industrial, multifamily and mixed-use.

Since the development of Rockefeller Center, where it owns and manages approximately 6 million square feet of class-A office space, Rockefeller Group has been known for projects that anticipate demand, transform skylines and streetscapes, and create value for partners, clients and communities.

OUR MISSION

To develop, own and operate extraordinary properties, delivering exceptional experiences and financial performance while creating value for our partners, customers and communities.

OUR VISION

To enhance human well-being through our passion for real estate and the built environment.

INTRODUCTION TO ROCKEFELLER GROUP

Guiding Principles

A Love for People. A Love for the City

This underpins our business and guides our vision of improving people’s lives and the cities where they live and work. We work hard at work worth doing.

Integrity & Fairness

These are the hallmarks of our brand and reputation, embodied by our employees and reflected in our relationships with colleagues, clients, partners and the communities where we work.

Quality

In all of the properties we develop, own or manage, the details matter.

One Team

We value a diverse workforce, and an equitable workplace, where all team members have the opportunity to realize their full potential.

Growth Mindset

We’re future focused with ambitious goals for growth. We anticipate change and embrace opportunities for continuous improvement.

Our Team

Approximately 300 employees with development professionals located in seven regional development offices

Alignment of interest with investors and JV partners

Publicly held parent company, Mitsubishi Estate Co. Ltd.

An integrated, institutional approach and infrastructure

Leadership

Executive Vice President Head of Development

Executive Vice President Head of Development

Daniel Moore President & Chief Executive Officer

Senior Vice President Core Holdings

Brod Senior Managing Director Northeast Region

James Camp Senior Managing Director West Region

Phil Croker Senior Managing Director Southwest Region

Jay Despard Senior Managing Director Rocky Mountain Region

Allard Goldfarb Senior Managing Director Mid-Atlantic Region

John Petricola Senior Managing Director Southeast Region

Mark Shearer Senior Managing Director North Central Region

Tom Weeks
Brandi Hanback
Marisa Gadlin
Meg
Hilary

Structure

Core Portfolio

FEATURED DEVELOPMENTS

Select Residential & Office Projects

30 East

-230,000-sf

-123 Residential Condo units

-Completion: 2021

200 East 83rd

-459,000-sf of Class A Office

-Completion: 2019

-265,000-sf

-86 Residential Condo units

-Completion: 2023

-263,000-sf of Class A Office

-Completion: 2020

-155,000-sf

-64 Residential Condo units

-Completion: 2021

Select

Residential & Office Projects

1072 West Peachtree

Atlanta, GA

-224,000-sf Class A office

-350 Apartments

-Completion: 2026

at Buffalo Run

Bozeman, MT

-237 Class A multifamily units

-29 residential buildings including 22 attached townhomes for rent

16 Dupont Greenpoint

Brooklyn, NY

-381 Class A Apartments

-Completion: 2025

600 Fifth Street NW

Washington, DC

-400,000-sf Class A Office

-Completion: 2026

Denver, CO

-250 Class A Apartments

-Completion anticipated Q2 2024

Patten Gray
Homestead

FEATURED DEVELOPMENTS

Select Industrial Projects

Stateline 77

Fort Mill, SC

-1.0-million-sf

-Two-building complex

-Completion: 2022

Heritage Industrial Center

Chula Vista, CA

-201,000-sf

-Three-building complex

-Completion: 2023

Braselton 85

Atlanta, GA

-222,000-sf

-Completion: 2020

Rockefeller Group

Logistics Center

Piscataway, NJ

-2.1-million-sf

-Five-building complex

-Completion: 2019

Lehigh Valley

Lehigh Valley, PA

-1.3-million-sf

-Two-building complex

-Completion: 2021

FOREIGN TRADE ZONE SERVICES

Foreign Trade Zone Services

Companies involved in international trade may benefit from Rockefeller Group’s over 40-year record of leadership and expertise in foreign trade zone development, consulting, training and administration.

The financial advantages of operating in an FTZ can drive significant savings associated with inventory, while improving cash flow and helping to offset costs associated with relocation in a real estate transaction. Rockefeller Group offers the unique benefit of in-house expertise that assists Tenants FTZ designation, activation and ongoing support, rather than leaving Tenants on their own to navigate the federal and local regulatory processes involved.

FOREIGN

FTZ Capabilities

RGFTZS professionals monitor FTZ, trade and customs developments and maintain knowledge and strong relationships with federal government offices and local FTZ grantee organizations responsible for FTZ regulation and oversight. Our national experience, spanning distribution and manufacturing industries, is centered on providing long-term value-added professional support to our Tenants and consulting clients.

RGFTZS improve inventory control, and complementary security and operational processes while promoting trade compliance and consistent practices.

OUR HISTORY IN SOUTH CAROLINA

Nexton – 201 Sigma

Summerville, SC

In 2009, the RG formed a joint venture with Mead Westvaco Community Development and Land Management (WestRock) to develop real estate projects of mutual interest on MWV’s extensive land holdings throughout South Carolina. In 2013, the joint venture completed a 100,000 square foot build-to-suit for MWV’s regional headquarters to facilitate its development of Nexton.

OUR HISTORY IN SOUTH CAROLINA

Rockefeller Group Foreign Trade Zone

Summerville, SC

RG-MWV FTZ is designated Site 18 of FTZ #21. It was approved by the U.S. Foreign-Trade Zones Board on April 1, 2010 based on an application prepared and submitted by Rockefeller Group, under the sponsorship of the South Carolina State Ports Authority (Grantee of FTZ #21).

The site includes four buildings comprised of approximately 2.7 million square feet of distribution space on 400 acres of industrial land.

OUR HISTORY IN SOUTH CAROLINA

TBC Corporation

Summerville, SC

The RG-MWV joint venture completed a 1.1 million-square-foot build-to-suit distribution center for TBC Corporation, which allowed TBC to consolidate a portion of its distribution network to a new and larger facility. Site work on the project began in February 2010 and was completed on time and on budget in January 2011. The building is approximately 2,000 feet long by 520 feet wide, with a storage capacity for approximately 260 trailers. It includes more than 10,000 square feet of office space to accommodate administrative operations for the site.

OUR HISTORY IN SOUTH CAROLINA

Gerber Childrenswear

Summerville, SC

In 2015, the RG-MWV joint venture completed a 477,000 square foot distribution center for Gerber Childrenswear LLC, a leading marketer of children’s apparel. The apparel company doubled the size of its Greater Charleston presence with the new distribution facility. The Gerber Childrenswear transaction was one of the largest industrial deals in Charleston at the time Rockefeller Group’s ability to deliver Foreign Trade Zone benefits was a differentiating factor in their selection of the park.

OUR HISTORY IN SOUTH CAROLINA

Lakemont 77

Fort Mill, SC

In 2018 RG completed a 370,000-sf industrial building on 60 acres located on Steele Point Drive within Lakemont Business Park situated along I-77.

OUR HISTORY IN SOUTH CAROLINA

Stateline 77

In 2022, RG completed a 2 building, 1.1.M industrial park off of Highway 21 situated along I-77. The industrial park consists of two buildings, one 221,000 square feet, and another that is 786,167 square feet.

The first 221,000-square-foot distribution center was fully leased in 2022 by two tenants, Element Designs, which leased 112,840 square feet, and Motion Industries, Inc., which leased the remaining 108,160 square feet.

In September 2023, Silfab Solar, a leading North American solar panel manufacturer, announced plans to expand its U.S. footprint by establishing operations in York County at the larger of the two buildings, a 786,167-square-foot cross-dock located at 7149 Logistics Lane. The company plans to invest $150 million and create 800 new jobs.

Fort Mill, SC

OUR HISTORY IN SOUTH CAROLINA

Duncan Logistics Center

Greenville/Spartanburg, SC

Rockefeller Group is developing three industrial warehouses totaling 827,000 square feet on 98 acres in Duncan, SC. Duncan Logistics Center, is the company’s first project in the growing Greenville/Spartanburg Metro area, an important e-commerce location along I-85. Duncan Logistics Center is located off Highway 290 between Greenville and Spartanburg along Interstate 85.

Development of the project will be in two phases. In 2023, RG delivered a 431,000 square foot cross-dock building and a 142,000 square foot rear-load building that were developed simultaneously. In mid-2024, the full Building 2 was leased to Palmer-Donavin.

Additionally, a build-to-suit pad is available to accommodate a 254,000 square-foot rear-load building.

OUR HISTORY IN SOUTH CAROLINA

Spartanburg 221

Spartanburg, SC

Rockefeller Group is developing a 1.02 million square foot distribution center on 88 acres it acquired in 2022 in Spartanburg, SC. The modern, Class A speculative industrial building is located off Highway 221 approximately a mile northwest of the I-85 Exit 78 interchange.

Spartanburg 221 lies in the heart of the I-85 Corridor in the GreenvilleSpartanburg industrial market, which has been recognized as one of the nation’s fastest growing industrial markets due to population expansion, business friendly environment, ample transportation infrastructure, broad regional accessibility, and a skilled work force. The building is expected to be completed in Q3 2024 and will include 40′ clear ceiling heights, 56′ x 53′ column spacing, up to 538 parking spaces and 189 trailer stalls.

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