Savills Studley has completed a 150,000-square-foot build-to-suit deal on behalf of RoundPoint Mortgage Servicing Corporation in South Carolina’s York County. The residential mortgage company will expand and relocate its headquarters from Charlotte, NC, to a new, $34 million office building in Fort Mill, SC. The development is expected to be completed by the third quarter of 2019 and will add 1,100 new jobs to the area.
The South Carolina Coordinating Council for Economic Development approved job development credits, as well as a $500,000 Set Aside grant to York County to assist with the costs of site preparation and building construction. The RoundPoint building is the first planned new construction of the Southbridge development since the 350-acre property was purchased by joint venture Lincoln Harris and Cato in 2014.
“Establishing our new operation in South Carolina is an important part of our vision and growth plan as we add new employees to transform our business and achieve our aggressive business goals,” said RoundPoint Mortgage Servicing Corporation CEO Kevin Brungardt. “We partnered with Savills Studley to explore markets within and outside of the region. The firm has been instrumental in facilitating the site selection and strategic planning process, coordinating partnerships with local and state government officials, and creating a custom and employee-focused space that could accommodate our expansion.”
“Corporations continue to be attracted to markets in South Carolina for its business-friendly climate, skilled workforce, cost of living and proximity to one of the busiest airports in the world,” said Woodley. “Lincoln Harris and Cato’s repositioning of the Southbridge Business Park into a ‘live-work-play’ community is the ideal environment for RoundPoint, one of the largest mortgage servicers in the US. The location will provide diverse amenities to the company’s employees and direct exposure to the clients they serve.”
Founded in 2007, RoundPoint is a fully licensed agency and non-agency subservicer for commercial banks, credit unions, mortgage companies and hedge funds. The company currently services more than $75 billion of mortgage assets, which are comprised of its own assets and loans subserviced for many other types of investors worldwide. Licensed in all 50 states, RoundPoint is publicly rated by Fitch Ratings, Standard & Poor’s and Kroll Bond Rating Agency.