REBusinessOnline

Expeditors International Signs 143,000 SF Industrial Lease in Metro Charleston

HANAHAN, S.C. — Expeditors International of Washington Inc. has signed a 143,000-square-foot industrial lease within North Pointe Commerce Park in Hanahan. Expeditors will occupy 58 percent of the 247,000-square-foot building located at 1017 Northpointe Industrial Blvd., which is situated 14 miles northwest of downtown Charleston. Of the 143,000 square feet, 22,000 will be office space that the landlord, West-Signal, will build out. The building features tilt-up concrete construction, 32-foot …

Cushman & Wakefield Arranges $47.6M Sale of Multifamily Community in Myrtle Beach

MYRTLE BEACH, S.C. — Cushman & Wakefield has arranged the $47.6 million sale of The Vinings at Market Common, a 288-unit multifamily community in Myrtle Beach. The property is located at 2501 Hammock St., six miles southwest of downtown Myrtle Beach. The Vinings offers one-, two- and three-bedroom floor plans. Communal amenities include a swimming pool, 24-hour fitness center, car care center and multiple grilling stations. Alex Brown, Tai Cohen and Marc Robinson of Cushman & …

Avison Young Negotiates 101,823 SF Industrial Lease in Metro Charleston

HANAHAN, S.C. — Avison Young has negotiated a 101,823-square-foot industrial lease on behalf of W.W. Williams Co. at 5801 N. Rhett Ave. in Hanahan. W.W. Williams specializes in fleet management and logistics services. Situated about 11 miles from Port of Charleston, 5801 N. Rhett Ave. is a 300,000-square-foot building that features 18 dock doors. Alan Bolduc, Courtney Marous and Kathleen Isola of Avison Young represented the tenant in the lease transaction. Charleston-based Bridge Commercial …

Charleston Executive Offices Signs 21 Tenants to Occupy Space at Nexton Office Park in Charleston

CHARLESTON, S.C. — Charleston Executive Offices (CEO) has signed 21 tenants to occupy space at The Offices at Nexton. The office building is situated within Nexton, a 5,000-acre, master-planned community in Charleston that will offer more than 8 million square feet of commercial space. CEO is developing The Offices at Nexton, while North America Sekisui House LLC (NASH) and Newland are master co-developers of Nexton, which is located on Interstate 26, about 25 miles northwest of downtown …

Hammes Breaks Ground on 70,000 SF Medical Office Building Near Hilton Head Island

OKATIE, S.C. — Hammes Co. has broken ground on a 70,000-square-foot medical office building in Okatie. Scheduled to open in late 2020, the three-story building will expand services in the surrounding area and supplement Beaufort Memorial’s existing acute care regional hospital. The new facility will provide primary care, OB-GYN, orthopedics, urgent care, cardiology, gastroenterology, neurology, vascular and general surgery, a breast health center, outpatient rehabilitation, laboratory and …

Trinity Partners Negotiates $6.8M Sale of Office Building in Columbia

COLUMBIA, S.C. — Trinity Partners has negotiated the $6.8 million sale of 7 Technology Circle, a four-story, 86,733-square-foot office building in northeast Columbia. The property is located off Farrow Road near Interstate 77, about 10 miles northeast of downtown Columbia. Macon Lovelace and Paul Hartley of Trinity Partners represented the seller, Corocan Columbia LLC, in the transaction. Milton Thomas of Lee & Associates represented the buyer, 7 Technology Circle

Colliers Negotiates 239,701 SF Office Lease in Greenville

GREENVILLE, S.C. — Colliers International has negotiated a 239,701-square-foot lease for Greenville County within Axis Office Park. The local government will also have the option to purchase the office park. Details of the option were not disclosed. Axis Office Park comprises two three-story buildings located at 350 and 325 Halton Road, five miles east of downtown Greenville. Tempus Realty Partners acquired the property in 2017 when the buildings were vacant. Brantley Anderson and Taylor …

Columbia’s Turbocharged Manufacturing Renaissance is Alive and Well in 2019

There is a lot of buzz about the dominance of e-commerce and its effects on the industrial market. Columbia has its fair share of retailers with e-commerce distribution facilities as Amazon, The Home Depot and Target all have major distribution centers in the Midlands region of South Carolina. However, retail distribution is not the main driver of this industrial market. The heart and soul of the central South Carolina industrial market is manufacturing. Manufacturing properties make up …

Spectrum Sells Multifamily Community in Charleston for $51.1M

CHARLESTON, S.C. — The Spectrum Cos. has sold Paxton Point Hope, a 274-unit multifamily community in Charleston, for $51.1 million. Paxton Point offers studio through three-bedroom floor plans. Communal amenities include a 4,100-square-foot fitness center, 7,500-square-foot clubhouse, saltwater swimming pool, dog park, game room and an outdoor grilling area. The Spectrum Cos. delivered the property earlier this summer and it was 35 percent occupied at the time of sale. Capstone Apartment …

Cushman & Wakefield Arranges $22.3M Sale of Multifamily Community in Upstate South Carolina

SPARTANBURG, S.C. — Cushman & Wakefield has arranged the $22.3 million sale of Southern Pines, a 352-unit multifamily community in Spartanburg. Southern Pines was built in 1976 and offers communal amenities such as two swimming pools, a dog park, fitness center and grilling stations. The property is situated four miles north of downtown Spartanburg. Tai Cohen, Jordan McCarley and Watson Bryant of Cushman & Wakefield represented the seller, Upstate Property Rentals, in the transaction. …

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