Update on Speculation of BMW Announcement on Friday

The State newspaper in Columbia has a great article on an update on the speculation of the BMW announcement on Friday, possibly one of the worst kept business secrets in the past month.  BMW is expected to announce a new SUV model, the larger X7, and its Greer plant near Greenville making the new SUV to add to the nearly 350,000 SUVs they already make there (that’s 7,000 a WEEK for those keeping score).  Its only plant in the U.S., they just recently completed a $1Billion expansion doubling its size and it looks like they could add another $1B and add a third factory on their 1,200 acre site, according to the article.  Its important to CHS as all the SUVs they make in the U.S. are exported to Europe and South America via the Port of CHS.

The article also talks about BMW and its decision to locate/expand in Greer and its proximity to tire manufacturers as SC was the #1 tire producer in the U.S. for the third straight year in 2013.

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on March 27, 2014, in CHS, CHS Port, SC Jobs/Economy and tagged , , , , . Bookmark the permalink. Leave a comment.

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