Collaboration with Parker Poe Consulting successfully selects a site and breaks ground within manufacturer’s compressed timeline.
Spartanburg, SC – Tristone Flowtech USA broke ground in March on its first U.S. facility, a 215,000-square-foot manufacturing plant, in Mooresville, NC, thanks to the assistance of Colliers International. The facility represents an investment of $23.6 million and will create 300 new jobs.
Garrett Scott, Vice President of Colliers International in South Carolina and an industrial specialist, said, “Due to the accelerated nature of the project, time was of the essence. Our team was able to quickly identify a site, create RFPs, vet and interview developers, and select a finalist in less than thirty days while also providing significant savings to Tristone.”
Tristone Flowtech USA is a subsidiary of Frankfurt-based Tristone Flowtech Group, a renowned manufacturer of vulcanized rubber hoses for the automotive and heavy equipment industries. For this facility, the German manufacturer’s second in North America, a group of specialized experts was needed. From Colliers, industrial experts Garrett Scott and Brockton Hall, operating out of the newly formed office in Spartanburg, teamed up with Colliers’ Senior Vice President and Director of Corporate Solutions in South Carolina, David Cuda, and collaborated closely with Mark Simmons of Parker Poe Consulting to meet Tristone’s needs within the manufacturer’s tight timeline.
Tristone Flowtech’s new facility is the second time in nine months that Colliers in South Carolina has successfully worked with new-to-market foreign companies to identify their first investment in the U.S. The state of South Carolina as a whole attracts significant foreign direct investment from international and multi-national companies, and Colliers’ international platform is well suited for such foreign investments.
Scott and Hall specialize in industrial brokerage across the Greenville-Spartanburg-Anderson market. Cuda is Senior Vice President of Colliers in South Carolina and Director of Corporate Solutions, leveraging the entire Colliers platform to provide custom solutions for the benefit of clients.