FOR IMMEDIATE RELEASE
OCT 10, 2023 | GREENVILLE, SC
Spartanburg’s Upward Star Center Sells for $24 million
SVN Blackstream® Celebrates Monumental Sale of Upward Star Center Campus and Sports Complex
Blackstream SVN® is delighted to announce the successful sale of the Upward Star Center located in Spartanburg County. Advisor Shannon Donahoo represented the buyer, Global Outreach Academy, in this transaction.
The esteemed Upward Star Center campus and sports complex is in Wellford has now found new ownership. Expertly represented by Donahoo, a dedicated specialist in Charter School sales and acquisitions under SVN Blackstream®, the properties were sold in two transactions for an impressive sum of $24 million.
Ms. Donahoo represented Ilya Soroka, the CEO of outreach education for Global Outreach Charter Academy. Part of this transaction will be allocated for future development.
“A charter school is a tuition-free school. Charter schools add value to a community by addressing unique educational needs, promoting academic excellence, and encouraging parental involvement,” explains Donahoo.
While the sports complex situated on US Highway 29 will remain dedicated to athletic activities, the site will also see the inception of a K-8th grade charter school. This new establishment aims to accommodate the 300 students currently enrolled and the additional 500 students eagerly waiting for their chance. Donahoo points out that Global’s expansion into this locality introduces a premium education standard to the Spartanburg community where students can excel at their fullest potential. With a strong focus on imparting foreign languages, Global Academy is committed to molding future global leaders, ready to make a mark on the international stage.
Speaking about this landmark sale, Lars Gruenefeld, the COO of SVN® Blackstream remarked, “Shannon Donahoo’s strength in the commercial real estate arena is undeniable. Her specialized expertise in educational facilities and her insights into the development of charter schools in the Carolinas have been invaluable. We are truly proud of her exceptional contribution.”
For any further information or queries, please contact SVN Blackstream® Commercial Real Estate.
About SVN® BLACKSTREAM®
SVN® | Blackstream is a full-service commercial real estate brokerage firm based in Greenville, South Carolina with offices throughout the Carolinas. As part of the SVN® network, the firm provides local expertise and a global reach, offering clients a wide range of services in various commercial real estate sectors. SVN® | Blackstream® is committed to delivering exceptional results and creating lasting relationships with clients, colleagues, and the community.
The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues, and communities. Currently, SVN comprises over 2,000 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that advisors create outstanding value for all stakeholders. For more information, visit www.svn.com.
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