ROCK HILL, S.C. — Crescent Communities has completed the sale of AXIAL Southgate 77, a 220,281-square-foot industrial property situated within Antrim Business Park in Rock Hill, roughly 15 miles south of Charlotte. The buyer was Washington, D.C.-based Penzance. Nolan Aston, Tommy Whitmore, Rob Speir and Pheobe Dinga of Colliers represented the Charlotte-based seller in the transaction. The sales price was not disclosed. Developed in 2024 on 30 acres, AXIAL Southgate 77 features two buildings spanning 50,276 square feet and 220,281 square feet. The property, which was fully leased to three tenants at the time of sale, includes 32-foot clear heights, rear-load capacity, concrete tilt-wall construction and ample parking. Capital partners for AXIAL Southgate 77 include Atlantic Union Bank and Faison. Additionally, the design-build team included Choate Construction (general contractor), JTM Capital and The Tuttle Co. (development) and Progressive Cos. (architect and civil engineering).
NORTH CHARLESTON, S.C. — JLL has negotiated the sale of Airport Commerce Center, a three-building, 398,100-square-foot industrial park situated directly adjacent to Charleston International Airport and Joint Base Charleston. Built in 2017, the facilities are located at 7246 Stall Road, 2650 Fassitt Road and 7334 Stall Road in North Charleston, approximately one mile from I-26. Pete Pittroff, Dave Andrews and Michael Scarnato of JLL represented the seller, Brookwood Capital Partners, in the transaction. NorthPoint Development acquired Airport Commerce Center for an undisclosed price. The three facilities were fully leased at the time of sale to multiple tenants, including manufacturing, distribution and last-mile logistics companies. The properties feature 200- to 260-foot depths, front-load and rear-load configurations, 28- to 30-foot clear heights, ESFR fire protection systems, LED lighting and a combined 305 automobile parking spaces.
NORTH CHARLESTON, S.C. — Marcus & Millichap has brokered the sale of Tru by Hilton Charleston Ashley Phosphate, a 121-room hotel located at 2475 Prospect Drive in North Charleston. Jack Davis, Chase Dewese, Joce Messinger and Brenden DeLuke of Marcus & Millichap represented the seller in the transaction. The buyer purchased the hotel in a 1031 exchange for an undisclosed price. Both parties requested anonymity. Built in 2020 on a 2.8-acre site, the Tru by Hilton hotel features EV charging stations, an outdoor pool, fitness center and a business center.
AcquisitionsArkansasFloridaGeorgiaIndustrialNorth CarolinaSelf-StorageSouth CarolinaSoutheastVirginia
Harrison Street, Morningstar Properties Acquire 21-Property Self-Storage Portfolio
CHICAGO AND MATTHEWS, N.C. — A joint venture between Chicago-based Harrison Street Asset Management and Matthews-based Morningstar Properties has acquired a portfolio of 21 self-storage properties totaling morning than 10,800 units. The properties are located in Texas, North Carolina, South Carolina, Florida, Georgia, Virginia and Arkansas, with 71 percent of the assets situated in top 30 U.S. metropolitan areas such as Houston, Austin, Charlotte and Atlanta. The portfolio was 90 percent leased at the time of sale and spans more than 1.3 million rentable square feet. Morningstar will continue operating and managing the portfolio. The seller was not disclosed. Harrison Street and Morningstar previously completed 41 self-storage investments across five Sun Belt states.
DUNCAN, S.C. — JLL has arranged a 477,360-square-foot, full-building lease for an industrial facility located at 171 International Park Drive in Duncan. Built in 2023, the facility is situated within Crossroads Logistics Park, a three-warehouse development totaling more than 800,000 square feet in the Greenville-Spartanburg industrial market. The cross-dock warehouse features 36-foot clear heights, ESFR sprinklers, LED lighting, ample trailer and auto parking and more than 2,500 square feet of office space. Perry Major, Chuck Rosien and Joan McCarthy of JLL arranged the loan on behalf of the tenant, an undisclosed global manufacturer. NAI Commercial represented the landlord, metro Chicago-based Brennan Investment Group, in the transaction.
WALTERBORO, S.C. — Marcus & Millichap has brokered the $9.3 million sale of Shoppes at Walterboro, a 53,330-square-foot shopping center located approximately 48 miles west of Charleston. Originally built in 2007 on 7.4 acres, the center was renovated in 2024 with a new roof and awnings, as well as a resurfaced parking lot. Walmart shadow-anchors the property, which was 97 percent leased at the time of sale to tenants including Five Below, Dollar Tree, Cato Fashions, Shoe Show, It’s Fashion, AT&T and China Buffet. Al Taf of Marcus & Millichap represented the seller in the transaction. Benjamin Yelm was Marcus & Millichap’s broker of record in South Carolina.
HARDEEVILLE, S.C. — JLL Capital Markets has secured $115 million in financing for three industrial buildings located within RiverPort Commerce Park in Hardeeville, roughly 10 miles from the Port of Savannah. The portfolio, which comprises Riverport buildings 5, 6 and 7, totals roughly 1.3 million square feet. Bobby Norwood, Mark Sixour, Kelsey Bawcombe and Austin Smith of JLL arranged the loan on behalf of the borrowers, North Signal Capital and EJF Capital LLC. Synovus and City National Bank provided the loan. RiverPort 5 spans 130,436 square feet and features a rear-load configuration, 34 dock-high doors and 32-foot clear heights. RiverPort 6 encompasses 402,491 square feet in a front-load design with 94 dock-high doors and 36-foot clear heights. The largest facility, RiverPort 7, spans 791,259 square feet in a cross-dock configuration with 154 dock-high doors and 36-foot clear heights. The three-building portfolio is currently 87 percent leased to various tenants such as logistics providers, consumer products distributors and security system manufacturers.
NORTH CHARLESTON, S.C. — CBRE has arranged the sale of Remount I & II, a 305,114-square-foot office and industrial park located in North Charleston. Accordia Real Estate purchased the master-planned property for $48 million. Patrick Gildea, Matt Smith, Robert Hardaway, Charlie Carmody, Chip Shealy and Will Yowell of CBRE, along with Jay O’Meara, Justin Parsonnet and Ryan Reethof of Newmark, represented the sellers, Accesso Partners and Partners Group. Matthew Pizzolato and Josh Stein, also with CBRE, arranged an undisclosed amount of acquisition financing through CIBC and a joint venture equity partnership with an unnamed institutional partner. Situated on roughly 26 acres near Charleston International Airport, Remount I & II is a two-building, dual flex property that fronts the Cooper River. The industrial park is currently 90 percent leased to seven tenants and features steel-frame and concrete tilt-up wall construction, 18-foot clear heights, six dock slips, 13 drive-in doors and 240-foot truck courts. The layout also includes flexible floor plates designed to support a range of tenant sizes and operational needs.
BLYTHEWOOD, S.C. — Scout Motors plans to invest an additional $300 million for the development of a “supplier park” at its advanced manufacturing campus in Blythewood, about 18 miles north of Columbia, S.C. The three new facilities will be situated on 200 acres adjacent to the main production buildings and create 1,000 new jobs, according to Scout Motors. The buildings will span 2.3 million square feet and will have three separate functions: sequencing of parts for final assembly, high-volume battery assembly and the installation of vehicle accessories. Evans General Contractors is constructing the supplier park, and PRP Real Assets is serving as the project advisor. Scout Motors announced its $2 billion Blythewood campus in 2023 with plans to manufacture its fleet of electric trucks and SUVs. The company recently announced it has awarded an estimated $368 million in supplier contracts that will support 1,000 new jobs in South Carolina.
CHARLESTON, S.C. — Locally based Middle Street Partners and Chicago-based Singerman Real Estate plan to develop Atlantic St. Thomas, a new 71-unit build-to-rent (BTR) residential community in Charleston. The townhome property will be located at 2815 Clements Ferry Road on Charleston’s Daniel Island. Atlantic St. Thomas will have an amenity package that includes a resort-style pool, clubhouse, fitness center, working space and a lounge. The property will include two- and three-bedroom, three-story townhomes ranging in size from 1,565 to 2,500 square feet. Units will include single and two-car garages, rooftop terraces and dens in select three-bedroom townhomes. The co-developers will welcome residents at Atlantic St. Thomas, which represents Middle Street’s first BTR community, in spring 2027. The project team includes general contractor Middle Street Construction, civil engineer Sitecast, land planner Cissell Design Studio, landscape architect Studioforme and architect Terminus Design Group.
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