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Ports Authority, Nordic reach settlement concerning lease

Published on Tuesday, May 7, 2013

The South Carolina Ports Authority (SCPA) and Nordic Cold Storage, LLC have reached a settlement concerning the Nordic facility lease in Greer.

According to the settlement, which was approved by the SCPA Board today, the SCPA will purchase the balance of Nordic’s lease term of 11 years for $2.2 million. Nordic will terminate its leasehold interest and vacate the Greer location at the site of the South Carolina Inland Port.

Announced last July, the South Carolina Inland Port project is slated to open in September of this year. 

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