A campus and sports complex in Wellford has been acquired for $24 million. Plans for the site include a new charter school.
The Upward Star Center properties were sold in two separate transactions to Global Outreach Academy. Part of the property will be allocated for future development, according to a news release.
SVN Blackstream adviser Shannon Donahoo represented the buyer. Donahoo is a specialist in charter school sales and acquisitions.
“A charter school is a tuition-free school,” Donahoo said in the news release. “Charter schools add value to a community by addressing unique educational needs, promoting academic excellence and encouraging parental involvement.”
While the sports complex on U.S. Highway 29 will remain dedicated to athletic activities, the site also will see the inception of a K-8th grade charter school. Plans call for the school to accommodate the 300 students currently enrolled and an additional 500 students, the release said.
Global’s expansion into the Spartanburg market introduces a premium education standard to the community where students can excel at their fullest potential, Donahoo said in the release.
SVN Blackstream is a full-service commercial real estate brokerage firm based in Greenville with offices throughout the Carolinas.
Reach Krys at 864-640-4418.
