JLL Negotiates $35.5M Sale of New Industrial Building in Metro Charleston

HANAHAN, S.C. — JLL has arranged the $35.5 million sale of a new 313,650-square-foot distribution and light assembly center in Hanahan, a northern suburb of Charleston. Science Applications International Corp. (SAIC), a U.S. government contractor, occupies the entire space on a triple net lease. The center is situated on 23.1 acres at 7413 Magi Road. It was delivered in June and features a minimum 32-foot clear height, ESFR sprinkler system, fully conditioned warehouse and tilt-up concrete construction with a glass-lined facade. Patrick Nally, Chris Norvell and Mike Massardo of JLL represented the seller, a joint venture between North Signal Capital and a fund managed by Westport Capital Partners LLC, in the transaction. San Francisco-based Stockbridge purchased the building.