Lima One will anchor Greenville County Square. $51 million expansion to create 300 jobs.
Lima One Capital, a real estate investing lender, will expand its U.S. headquarters in Greenville's County Square development. The company’s $51.4 million investment will create approximately 300 new jobs, according to a press release.
The company will relocate from 201 East McBee Avenue, Suite 300, to lease approximately 65,000 square feet in a newly constructed building in the $1 billion County Square project, developed by RocaPoint Partners.
The new facility will more than double Lima One Capital’s office space, "allowing the company to continue its rapid growth, attract talent to Greenville and deliver its industry-leading customer experience," according to the press release. The expansion is expected to be complete by 2025.
“Lima One Capital is thrilled to be an anchor tenant within the state-of-the-art County Square development in downtown Greenville,” said Lima One Capital president and CEO Jeff Tennyson. “This significant milestone highlights our continued commitment to the growth and prosperity of Greenville. This beautiful office space will provide our team with an amazing work environment that aligns with our award-winning culture and serve as a catalyst to our continued national expansion and success.”
Founded by U.S. Marines in 2010, Lima One Capital has funded over $7 billion in loans for real estate investors across the country. The company’s core products include bridge loans, rental property and portfolio loans, new construction loans and multifamily bridge lending, according to the press release. Lima One Capital uses in-house underwriting, construction management and servicing teams to serve real estate investors.
Lima One offers new construction loans for ground-up construction, infill, specs and model homes; a 13-month bridge loan for investors who are buying, renovating, and selling properties; rental property and portfolio loans for purchasing or refinancing residential rental properties; and multifamily lending for the purchase, rehab, refinance, or hold of five-plus unit multifamily properties.
As a national mortgage lender, the company explored several other markets before committing to keep their headquarters in Greenville, according to the press release. Company executives said Greenville’s access to skilled employees and the quality of life the city provides are compelling traits that support its growth and company culture.
“Greenville has been an extraordinary corporate headquarters city for Lima One since our inception, and we are excited to deepen our commitment here," Tennyson said. "The continued support we’ve received from the city, Greenville County and state reaffirm our resolve to create opportunities for local talent and meaningfully contribute to the economic growth of the region."
“Lima One Capital has been an excellent, long-term contributor to Greenville County since its founding over 10 years ago,” said Greenville County Council Chair and Greenville Area Development Corporation Board Member Dan Tripp. “Lima One Capital's expanded commitment to Greenville and this prominent location for its headquarters in our new County Square development further affirms the work we've done to create proper soil conditions for businesses to succeed and thrive here.”
Lima One joins two other tenants recently announced at County Square. The Perch Kitchen & Tap, a Chicago-based wood-fired restaurant and brewery, will be a 9,300 new square-foot restaurant and brewery with wood-fired menu items such as pizzas, ribs, and seafood dishes. In March, Whole Foods announced it would also be an anchor tenant.
“We congratulate Lima One Capital on their announcement of making the city of Greenville home to their corporate headquarters. Lima One Capital's focus on ‘building and improving neighborhoods’ runs parallel to Greenville City Council priorities of affordable housing, open space, public safety and economic development. We look forward to seeing their positive impact in the community," Mayor Knox White said.
Macon Atkinson is the city watchdog reporter for The Greenville News. She's powered by long runs and strong coffee. Follow her on Twitter @maconatkinson.
This article originally appeared on Greenville News: Greenville County Square: Lima One Capital to expand as anchor tenant
