News
March 26, 2025

White Oak Business Park Wins CoStar Impact Award for Economic Growth

Caroline Raffetto

The White Oak Business Park in Appling, Georgia, has been awarded the prestigious 2025 CoStar Impact Award for its significant contribution to the local economy. The property’s recent sale in December 2024 for $13.48 million was recognized by CoStar judges with knowledge of the local market.

Sold by Collett & Associates, the fully-leased distribution building was purchased by a private entity. The facility is entirely occupied by Club Car, a prominent golf cart and vehicle manufacturer.

Club Car has approximately five years remaining on its triple-net lease at the property, with two additional five-year extension options. The lease brings in $816,780 annually. Club Car operates several facilities in the region, including a 500,000-square-foot site that opened in 2020.

About the Property

White Oak Business Park, located at 780 Innovation Parkway in Appling, is a 105,391-square-foot distribution building completed in October 2023. Construction on the facility began in January 2023. The site spans an 11-acre lot and is positioned just under 30 miles from Augusta Regional at Bush Field airport.

Judge Comments

"White Oak Business Park has drawn major employers to Columbia County, thus creating hundreds of new jobs," said Juli Means, marketing director at Jordan Trotter Commercial Real Estate. Timothy McFalls, manager of commercial and retail development for the Augusta Economic Development Authority, highlighted the project for its additional support to existing local economic drivers.

Deal Details

David Williams of Keller Williams Realty represented the buyer in the transaction, while Patrick Luther and Matthew Mousavi of SRS National Net Lease and Bobby Mayson of Lavista Associates represented the seller.

This property’s development and sale further solidify its role as a key economic player in Columbia County, providing a vital economic boost and creating hundreds of job opportunities. The property has made a significant impact, both on the local real estate market and in supporting broader regional growth.

Originally reported by Dave Blake, Adam Reiskin in Co star.

News
March 26, 2025

White Oak Business Park Wins CoStar Impact Award for Economic Growth

Caroline Raffetto
Construction Industry
Georgia

The White Oak Business Park in Appling, Georgia, has been awarded the prestigious 2025 CoStar Impact Award for its significant contribution to the local economy. The property’s recent sale in December 2024 for $13.48 million was recognized by CoStar judges with knowledge of the local market.

Sold by Collett & Associates, the fully-leased distribution building was purchased by a private entity. The facility is entirely occupied by Club Car, a prominent golf cart and vehicle manufacturer.

Club Car has approximately five years remaining on its triple-net lease at the property, with two additional five-year extension options. The lease brings in $816,780 annually. Club Car operates several facilities in the region, including a 500,000-square-foot site that opened in 2020.

About the Property

White Oak Business Park, located at 780 Innovation Parkway in Appling, is a 105,391-square-foot distribution building completed in October 2023. Construction on the facility began in January 2023. The site spans an 11-acre lot and is positioned just under 30 miles from Augusta Regional at Bush Field airport.

Judge Comments

"White Oak Business Park has drawn major employers to Columbia County, thus creating hundreds of new jobs," said Juli Means, marketing director at Jordan Trotter Commercial Real Estate. Timothy McFalls, manager of commercial and retail development for the Augusta Economic Development Authority, highlighted the project for its additional support to existing local economic drivers.

Deal Details

David Williams of Keller Williams Realty represented the buyer in the transaction, while Patrick Luther and Matthew Mousavi of SRS National Net Lease and Bobby Mayson of Lavista Associates represented the seller.

This property’s development and sale further solidify its role as a key economic player in Columbia County, providing a vital economic boost and creating hundreds of job opportunities. The property has made a significant impact, both on the local real estate market and in supporting broader regional growth.

Originally reported by Dave Blake, Adam Reiskin in Co star.