SUMMERVILLE, S.C. — A partnership between Portman and CapitaLand Ascendas REIT has broken ground on Summerville Logistics Center, a two-building industrial campus located along U.S. Highway 78 in Summerville, a Charleston suburb within Dorchester County. The site will include two rear-load facilities — one 313,000 square feet and the second 236,000 square feet — with a shared truck court that will be constructed simultaneously. The park will be situated near I-26 and roughly 25 miles from the Port of Charleston. Truist Bank is providing an undisclosed amount of construction financing, and Lee & Associates will lead the leasing efforts for Summerville Logistics Center. The project team also includes general contractor Frampton Construction, civil engineer Seamon Whiteside and architect McMillan Pazdan Smith. Portman and CapitaLand Ascendas REIT plan to deliver Summerville Logistics Center by the end of 2025.
South Carolina
Campus Advantage, Tramview Capital Acquire 700-Bed Student Housing Community Near University of South Carolina
by John Nelson
COLUMBIA, S.C. — A joint venture between Campus Advantage and Tramview Capital Management has acquired Alight Columbia, a 700-bed student housing community located near the University of South Carolina campus in Columbia. The new ownership plans to rebrand the 206-unit property as “The Radley.” The community offers a mix of two- and four-bedroom units alongside shared amenities including a fitness center, swimming pool, outdoor grilling station, tennis courts, basketball and sand volleyball courts, resident clubhouse and a business center.
DC BLOX to Develop 68-Acre Data Center Campus in Metro Atlanta, Three New Data Centers Across Southeast
by John Nelson
ATLANTA — DC BLOX will develop four new data centers in the Southeastern United States. The company is currently underway on its 68-acre Atlanta East campus in Conyers, Ga., roughly 24 miles east of downtown Atlanta. The facility will consist of two buildings with more than 1 million square feet of data center space at full build-out. The campus will initially deliver 10 megawatts (MW) of power for an undisclosed hyperscale client, with an expansion capacity of up to 120 MW for additional clients. Data center power refers to the amount of energy required to operate all the components of the facility, including servers and related IT hardware, as well as the cooling systems. DC BLOX broke ground on the project in September 2024. Delivery is slated for the fourth quarter of 2025. “DC BLOX’s presence in Conyers is a transformative step for our region,” says Kevin Hanna, president of the development authority of Rockdale County through the Conyers Rockdale Economic Development Council. “Their collaboration with local stakeholders and commitment to innovation will be foundational for future tech investments in our community.” In conjunction with the Atlanta East data center, DC BLOX will build a network of fiber cables around …
Landmark Properties Acquires 616-Bed Student Housing Community Near Clemson University
by John Nelson
CLEMSON, S.C. — Athens, Ga.-based Landmark Properties has acquired The Ridge Clemson, a 616-bed student housing community located at 205 Tiliwa Court near the Clemson University campus in South Carolina. Built in 2018, the property offers 184 fully furnished units in a mix of two-bedroom apartments and four-bedroom townhomes. Shared amenities include a resort-style swimming pool, lazy river, hot tub, jumbotron, clubhouse, full basketball court, dog park, fitness center, study lounges and a coffee bar. TSB Capital Advisors coordinated financing for the acquisition, the terms of which were not disclosed. The community was 97 percent occupied at the time of sale.
Frampton to Construct 300,000 SF Industrial Facility in Early Branch, South Carolina for Le Creuset
by John Nelson
EARLY BRANCH, S.C. — Frampton Construction plans to build a new 300,000-square-foot distribution facility in Early Branch for Le Creuset of America, a kitchen supply retailer that operates boutique and outlet stores around the country. Set for completion in late 2025, the facility will feature space for bulk and direct-to-consumer distribution, general storage and a two-story designated office space spanning 22,000 square feet with amenities including locker rooms, a kitchen/breakroom, outdoor patio with a grill and a stone walking path surrounding a pond. The space will also feature a lobby and a 2,180-square-foot storefront that will display Le Creuset’s cookware. The build-to-suit facility will sit on 62 acres along Bob Gifford Boulevard and consolidate the tenant’s operations in the area, as well as create 30 new jobs. Architect McMillan Pazdan Smith designed the facility to be expandable by 120,000 square feet.
RIDGEVILLE, S.C. — JLL has arranged the sale of Building D within Camp Hall Commerce Center, a 6,800-acre industrial park in the Charleston industrial market. The 1.1 million-square-foot facility is located at 2274 Volvo Car Drive in Ridgeville and was fully leased to an unnamed global car manufacturer at the time of sale. Completed in 2023, the cross-dock building features 40-foot clear heights, 208 dock-high doors, four drive-in doors, 84 dock levelers, 847 auto parking spaces and 804 trailer storage spaces. Rockpoint, a Boston-based real estate private equity firm, and Portman Industrial sold the property to Stockbridge for an undisclosed price. JLL represented the sellers in the transaction.
GASTON, S.C. — Red Rock Developments has delivered a 519,792-square-foot speculative industrial facility located at 201 Integrity Way in Gaston, a suburb of Columbia. The cross-dock warehouse is situated along I-26 in Calhoun County within the 760-acre Sandy Run Industrial Park, a portion of which also lies within Lexington County. Chuck Salley, Thomas Beard and John Peebles of Colliers are marketing the property to an industrial user for sale or lease on behalf of Red Rock. Colliers has also been retained for property management services. The design-build team includes Miller Valentine Construction, MCA Architecture, Alliance Consulting Engineers and S&ME. The facility, which is expandable to nearly 1.2 million square feet, is the only available industrial building in Central South Carolina with 40-foot clear heights, according to Red Rock.
MURRELLS INLET, S.C. — A fund launched by South Florida-based commercial real estate brokerage services firm NAI Merin Hunter Codman has sold Prince Creek Village, an 18,035-square-foot shopping center located at 11920 SC Highway 707 in Murrells Inlet, a suburb of Myrtle Beach. The fund, named MHCommercial Real Estate Fund, sold the property after five years of ownership to Prince Creek Investments LLC, an affiliate of Zapolski Real Estate LLC, for approximately $6.4 million. Tom Kolarczyk and Andrew Jomantas of JLL Capital Markets’ Charlotte office represented the seller in the transaction. Prince Creek Village was fully leased at the time of sale. The property is shadow-anchored by Publix and is adjacent to TPC Championship Myrtle Beach Golf Club.
Capital Development Partners Delivers 160,250 SF Industrial Facility Adjacent to Port of Charleston
by John Nelson
CHARLESTON, S.C. – Capital Development Partners has delivered Shipyard Creek, a new 160,250-square-foot transload industrial facility that offers direct access to the Port of Charleston. Situated on a 42-acre site adjacent to the port’s new $1.3 billion Hugh K. Leatherman Terminal, the property was designed to handle container movement from users including retail importers. Shipyard Creek features 153 dock doors, 724 trailer parking spaces and onsite storage parking that can accommodate five stacked shipping containers. Capital Development Partners has tapped Lee Allen, Kevin Coats and Tyler Smith of JLL to handle the project’s leasing assignment. Shipyard Creek enjoys access to the port’s marine terminals, as well as interstates and the upcoming SC Ports Navy Base Intermodal Facility, which will be dual-served by Norfolk Southern and CSX.
BLUFFTON, S.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $18.8 million sale of Bluffton Target Center, a shopping center located in Bluffton, approximately seven miles west of Hilton Head Island. Built in 2001, the property totals 100,314 square feet and was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Staples and Starbucks Coffee. Zach Taylor of IPA represented the seller, an entity doing business as Stafford Bluffton LLC, in the transaction and procured the buyer, Tarantino Properties Inc.
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