Friday, March 28, 2025
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DevelopmentHealthcareSouth CarolinaSoutheast

HCA Healthcare Breaks Ground on 80,000 SF Medical Facility in North Charleston, South Carolina

by John Nelson

NORTH CHARLESTON, S.C. — Nashville-based HCA Healthcare has broken ground on HCA Trident Medical Center, an 80,000-square-foot medical facility located in North Charleston. Designed by Baker Barrios Architects, the four-story building — which is an expansion of Trident Medical Center — will include clinical offices for HCA Healthcare’s cardiology, neurology and orthopedics departments, as well as a cardiac rehabilitation center and hospital administrative spaces. It is also designed to accommodate a 40,000-square-foot vertical expansion with two additional floors. Baker Barrios has designed approximately 20 projects for HCA Healthcare, one of the country’s largest healthcare providers.

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IndustrialLeasing ActivitySouth CarolinaSoutheast

SkyREM Signs 129,600 SF Industrial Lease in Fort Lawn, South Carolina

by John Nelson

FORT LAWN, S.C. — SkyREM has signed a 129,600-square-foot industrial lease at 2251 Catawba River Road in Fort Lawn, about 43 miles south of Charlotte via I-77. The tenant, a global advanced engineering and construction solutions firm, brings the 236,210-square-foot building to full occupancy. The facility offers warehouse and manufacturing space, access to major transportation networks and 77 acres of development-ready land. SkyREM has planned a multimillion-dollar capital improvement program to further modernize the property. Tommy Turner and Zack Daltorio of Newmark represented SkyREM in the lease transaction along with Clifford Blanquicet Jr. of Blanq Real Estate.

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AcquisitionsIndustrialSouth CarolinaSoutheast

Avison Young Brokers $11.5M Sale of Industrial Facility in Metro Charlotte

by John Nelson

ROCK HILL, S.C. — Avison Young has brokered the $11.5 million sale of a 120,000-square-foot industrial facility located near I-77 at 2690 Commerce Drive in Rock Hill, a South Carolina suburb of Charlotte. Chris Loyd, Tom Tropeano and Ryan Kendall of Avison Young represented the seller, Graham Capital, in the transaction. The buyer, Dallas-based Leon Industrial, has tapped Avison Young to handle leasing of the property moving forward.

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AcquisitionsIndustrialOfficeSouth CarolinaSoutheast

CBRE Arranges $13.8M Sale of Flex Property in Columbia, South Carolina

by John Nelson

COLUMBIA, S.C. — CBRE has arranged the $13.8 million sale of 20/21 Business Center, a 98,386-square-foot flex property located in Columbia. Red Bank, N.J.-based Denholtz was the buyer. Matt Smith, Patrick Gildea, Robert Hardaway, Aaron Dupree and Marie Diekmann of CBRE represented the seller, CB Equities, in the transaction. Situated on 17.6 acres, the property — which was 98 percent leased at the time of sale — comprises three buildings and three vacant land parcels. Additional features of the center include interstate visibility and expansion opportunities, as well as 17 dock doors and 10 drive-in doors. CBRE originally arranged CB Equities’ acquisition of the property in May 2022 for $10.5 million.

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IndustrialLeasing ActivitySouth CarolinaSoutheast

STAG Industrial Inks 102,060 SF Lease in Wellford, South Carolina

by John Nelson

WELLFORD, S.C. — Boston-based STAG Industrial Inc. has signed an unnamed wholesale apparel and promotional product distributor to a 30-month lease in Wellford, a city in Spartanburg County. The tenant will occupy 102,060 square feet within a facility located at 452 Casual Drive. The lease brings the property, which was substantially completed in June 2024, to 69 percent occupancy. The lease commences on April 1 and includes 3.5 percent annual rent escalations.

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AcquisitionsRetailSouth CarolinaSoutheast

Palomar Group Negotiates Sale of 99,384 SF Shopping Center in Irmo, South Carolina

by John Nelson

IRMO, S.C. — The Palomar Group has negotiated the sale of Irmo Station, a 99,384-square-foot shopping center in the Columbia suburb of Irmo. Located at 7467 St. Andrews Road, the center is situated on 13.8 acres. Kroger anchors the center. Additional tenants at the property include Orangetheory Fitness, Pizza Hut, Pet Supplies Plus and Palm Beach Tan. A publicly traded REIT acquired the property for an undisclosed price. The seller was also not disclosed.

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DevelopmentMixed-UseSouth CarolinaSoutheastTop Stories

Highland Resources Breaks Ground on 192-Acre Magnolia Landing Mixed-Use Project in Charleston

by Kristin Harlow

CHARLESTON, S.C. — Highland Resources Inc. has broken ground on Magnolia Landing, a planned mixed-use community located along the Ashley River in Charleston. Spanning 192 acres, the project will offer a blend of parks, residences, hospitality options, offices, shops, restaurants, waterfront docks, a marina and entertainment options. Full build-out of the multi-phase project is anticipated by 2040. The first residents are expected to take occupancy in 2027. Plans for the first phase include a high-rise waterfront residential community and a mid-rise property both developed by Charleston-based Woodfield Development, offering a total of 600 rental residences, including affordable housing. The first phase will also feature 158 luxury townhomes developed by an undisclosed national developer. Plans also call for multiple office and retail buildings. The first phase will include a waterfront, Class A office building totaling 100,000 square feet in addition to 75,000 square feet of street-level retail, gourmet restaurants and commercial space. Magnolia Landing will also offer a range of hospitality options designed to cater to both short-term visitors and extended stays. The first phase will include a 125-room boutique hotel. The project will incorporate a marina featuring day-dock options, four waterfront restaurants with direct day-dock access, a boat club, monthly …

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DevelopmentSouth CarolinaSoutheastStudent Housing

Stratus Development Breaks Ground on Student Housing Community Near University of South Carolina

by John Nelson

COLUMBIA, S.C. — Stratus Development Group has broken ground on Pickens Corner, a 60-bed student housing development located at 480 S. Pickens St. near the University of South Carolina campus in Columbia. Located in the city’s Rosewood neighborhood, Pickens Corner will offer townhomes featuring three bedrooms and three-and-a-half bathrooms. Completion on the project is scheduled for August 2025.

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AcquisitionsRetailSouth CarolinaSoutheast

Ziff Real Estate Acquires Promenade at Northwoods Retail Center in North Charleston for $30.8M

by John Nelson

NORTH CHARLESTON, S.C. — South Carolina-based Ziff Real Estate Partners (ZRP) has acquired Promenade at Northwoods, a 253,308-square-foot retail center in North Charleston, for $30.8 million. The seller and sales price were not disclosed, but The Post and Courier reports the seller was an affiliate of Charlotte-based Big V Property Group. Situated on 7800 Rivers Ave. across from Northwoods Mall, the property is anchored by Hobby Lobby and Ollie’s Bargain Outlet. Christian Chamblee, Brooke Frey and Paige Tompkins led the ZRP deal team in the transaction. This acquisition brings ZRP’s metro Charleston portfolio to 640,000 square feet across six properties.

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DevelopmentMixed-UseMultifamilyRetailSouth CarolinaSoutheast

Flournoy Breaks Ground on 365-Unit District South Apartment Property in Greenville

by John Nelson

GREENVILLE, S.C. — Flournoy Development Group has broken ground on District South, a 365-unit apartment development located on a 21-acre site in Greenville. The property will include five four-story apartment buildings, 12 townhome buildings, three carriage home buildings and 13 retail spaces. Amenities will include a grab-and-go market, lounge, fitness and wellness center, resort-style swimming pool with a courtyard, outdoor entertainment areas, dog park and an indoor pet spa. The project team for District South includes architect Dynamik Design, general contractor McShane Construction and civil engineer Gray Engineering. Flournoy Properties Group will manage the apartment property. The construction timeline was not released.

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