South Carolina Archives - REBusinessOnline

Obelisk Purchases 821,250 SF of Industrial Space in Hanahan, South Carolina

Abby Cox — Fri, 07 Aug 2026 14:28:26 +0000

HANAHAN, S.C. — New York City-based Obelisk Real Estate Partners has acquired a two-building industrial park spanning 516,000 square feet (5801 N. Rhett Ave.) and an adjacent 305,250-square-foot industrial building (1020 N. Pointe Industrial Blvd.) in Hanahan, approximately eight miles outside North Charleston. Oak Brook, Ill.-based CenterPoint Properties sold both properties to Obelisk for an undisclosed price. Obelisk has retained Brendan Redeyoff and Bob Barrineau of CBRE to lead leasing efforts at 5801 North Rhett on behalf of Obelisk. Approximately 318,926 square feet of space is available for lease at 5801 North Rhett, which can accommodate manufacturing, logistics and distribution users. The property also offers CSX rail service and up to 3.3 acres of laydown yard space. The facility is also situated near the Naval Information Warfare Center (NIWC) and Charleston International Airport, where Boeing is expanding its production facility.

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Landmark, Peninsula Deliver 826-Bed Student Housing Project Near University of South Carolina

John Nelson — Tue, 04 Aug 2026 14:32:19 +0000

COLUMBIA, S.C. — Landmark Properties and Peninsula Investments have delivered Narrative at Columbia, an 826-bed student housing community located about one mile from the University of South Carolina (USC) campus. The 197-unit property is located at 1050 Idlewild Blvd., near Williams-Brice Stadium, the home football stadium of the USC Gamecocks. Narrative at Columbia features a mix of two- to six-bedroom, fully furnished apartments. Amenities include a clubroom, resort-style pool, hot tub, gaming lawn, cabana and hammock grove, outdoor grilling areas, sand volleyball court, jumbotron, wellness suite and a 24/7 fitness center, as well as private study rooms, shuttle rides to campus and a computer lounge. The development team began welcoming residents on Aug. 1. The design-build team includes Athens, Ga.-based architect E+E Architecture and Landmark Construction, the in-house construction division of Landmark Properties, which is also headquartered in Athens. With Narrative at Columbia, Landmark now owns and operates approximately 2,300 student housing beds in Columbia, with another 800 beds under development.

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Brennan Acquires 157,412 SF Industrial Facility in Upstate South Carolina

Abby Cox — Fri, 31 Jul 2026 12:46:05 +0000

PIEDMONT, S.C. — Brennan Investment Group has acquired a 157,412-square-foot industrial facility located in Piedmont, about 12 miles from Greenville. Completed in 2023, the building is situated within Exchange Logistics Park, a 900,000-square-foot, multi-building industrial park. The seller requested anonymity, and the purchase price was also not disclosed. The recently acquired building features 32-foot clear heights, ESFR fire protection, LED high-bay lighting, a 135-foot truck court and abundant dock-high loading. The facility is currently occupied by two unnamed tenants and includes 65,000 square feet of vacant space. Brennan also plans to complete “move-in ready” improvements, such as speculative office space.

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Northmarq Negotiates $5.6M Sale of Multifamily Community in Lexington, South Carolina

John Nelson — Tue, 28 Jul 2026 14:22:18 +0000

LEXINGTON, S.C. — Northmarq has negotiated the $5.6 million sale of Sweetbriar Apartments, a 48-unit community located at 200 Libby Lane in Lexington, a suburb of Columbia, S.C. The garden-style property was built in 1988 and includes one- and two-bedroom layouts. Charis Capital purchased the property from InterMark Management Corp. Dane Lozier, Ron Corrao, Eric Liebich, Scott Fuller and Matthew Weinstein led the Northmarq team in representing the seller in the transaction.

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Chesterfield Breaks Ground on Industrial Development in Blythewood, South Carolina

Abby Cox — Fri, 24 Jul 2026 15:04:44 +0000

BLYTHEWOOD, S.C. — Chesterfield has broken ground on Carolina Pines International Commerce Center, a planned industrial development located about 18 miles north of Columbia. Carolina Pines International Commerce Center is designed for industrial, manufacturing and logistics use, specifically marketed to attract suppliers and operations supporting the nearby Scout Motors’ $2 billion Blythewood electric vehicle manufacturing facility. Building 1, which will total approximately 162,176 square feet, will include 32-foot clear heights, 35 dock doors, 49 trailer parking spaces, 107 car parking spaces, 7-inch concrete floor slabs and a 3,000-amp power supply. Building 1 is expected to be delivered in the first quarter of 2027. Building 2 is planned as a 212,420-square-foot speculative building. Further details of the project were not disclosed.

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Red Rock to Develop 519,792 SF Industrial Facility Near Columbia, South Carolina

John Nelson — Tue, 21 Jul 2026 14:14:12 +0000

GASTON, S.C. — Red Rock Developments plans to develop a new 519,792-square-foot industrial facility at Sandy Run Industrial Park, a 760-acre campus in Gaston, a Columbia suburb. Situated on a 54-acre site in Calhoun County along I-26, the cross-dock facility will be built on a speculative basis and include 40-foot clear heights, 185-foot truck courts, 98 dock-high doors, four drive-in doors, an ESFR sprinkler system, speculative office space, expandable automobile and trailer parking and an 8-inch concrete slab. Red Rock has tapped Chuck Salley, Thomas Beard and John Peebles of Colliers to market and lease the facility, which is expected to break ground this quarter. Existing and committed users at Sandy Run include Zeus, Smart Warehousing and Blanchard Machinery.

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Woodfield to Begin Construction on 285-Unit Apartment Community in Charleston

John Nelson — Wed, 08 Jul 2026 14:14:28 +0000

CHARLESTON, S.C. — Woodfield Development plans to soon break ground on Westbourne Ashley Landing, a 285-unit apartment community in Charleston. The property will serve as the multifamily component of Ashley Landing, a 31-acre mixed-use redevelopment in Charleston’s West Ashley neighborhood. EDENS is the master developer of Ashley Landing, which will feature 240,000 square feet of retail and commercial space, including a Publix grocery store. TD Bank provided an undisclosed amount of construction financing for the multifamily development, while PGIM Real Estate is providing equity financing. Upon completion, which is expected by third-quarter 2028, Westbourne Ashley Landing will feature studio, one-, two- and three-bedroom apartments ranging in size from 384 to 1,663 square feet. Amenities will include EV charging stations, indoor mail rooms with package concierge services, fitness facilities with private studios, a business center with work pods, grab-and-go market, pet spa and park, pickleball court and a saltwater pool with a sunbathing deck. The project team includes Housing Studio, Seamon Whiteside, Shah Interiors, S Wilkins Interiors, SPX and Carter and Carter.

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McShane Construction Delivers 262-Unit Apartment Development in Greenville

John Nelson — Tue, 07 Jul 2026 15:01:01 +0000

GREENVILLE, S.C. — McShane Construction has delivered District Eastside, a 262-unit apartment community located on a 9-acre site at the intersection of Pelham and Boiling Springs roads in Greenville. Flournoy Development Group is the developer of the property, which features five four-story, wood-frame buildings. Designed by Dynamik Design, District Eastside features one-, two- and three-bedroom apartments, as well as 10 live-work units and amenities including a resident lounge, heated saltwater pool, coworking lounge, hobby/art studio, fitness center and a dog park. The property also includes a separate standalone building that houses a car wash and pet spa. Monthly rental rates at District Eastside range from $1,430 to $2,838, according to Apartments.com.

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Cronheim Mortgage Arranges $20.7M Loan for Apartment Community in Myrtle Beach

John Nelson — Thu, 25 Jun 2026 14:43:53 +0000

MYRTLE BEACH, S.C. — Cronheim Mortgage has arranged $20.7 million in permanent financing for The Brixley, a 149-unit apartment community in Myrtle Beach. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim Mortgage secured the five-year, interest-only loan on behalf of the borrower, Livingston, N.J.-based Eastman Residential. The direct lender was not disclosed. Situated off U.S. Route 501, The Brixley features 144 three-bedroom apartments, four one-bedroom units and one studio, as well as a resort-style pool, outdoor chef’s kitchen, fitness facility, clubhouse and a dog park. Eastman Residential has renovated 60 percent of unit interiors and upgraded the amenities at the community since acquiring it in 2023. The Brixley was 96 percent occupied at the time of sale.

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Berkadia Arranges Sale of 202-Unit Apartment Community in Boiling Springs, South Carolina

John Nelson — Wed, 24 Jun 2026 13:38:12 +0000

BOILING SPRINGS, S.C. — Berkadia has arranged the sale of Villas at Lawson Creek, a 202-unit, garden-style apartment community located at 9159 Asheville Highway in Boiling Springs, a northern suburb of Spartanburg, S.C. Charleston-based Matheson Capital purchased the property from Omaha, Neb.-based Momentum Housing for an undisclosed price. Caleb Troop, Thomas Colaiezzi, Matt Robertson and Drew Kwiatkowski of Berkadia’s Charlotte office represented the seller in the transaction. Built in 2009, Villas at Lawson Creek features one-, two- and three-bedroom apartments ranging in size from 652 to 1,444 square feet. Amenities include a swimming pool, fitness center, grilling and picnic areas, laundry facilities, car care center, movie lounge and additional storage units.

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CRC Sells Two Adjacent Shopping Centers in Mount Pleasant, South Carolina

Abby Cox — Mon, 22 Jun 2026 13:26:22 +0000

MOUNT PLEASANT, S.C. — Baltimore-based Continental Realty Corp. (CRC) has sold two adjacent shopping centers located at 1903 and 1909 Highway 17 N in Mount Pleasant. The properties, which include Sweetgrass Corner (88,316 square feet) and The Shops at Towne Centre Way (7,054 square feet), span a combined 95,370 square feet and were fully leased at the time of sale to tenants including Trader Joes, HomeSense and Golf Galaxy. The buyer and sales price were not disclosed. CRC acquired Sweetgrass Corners in 2022 for $17 million and The Shops at Towne Centre Way for $3.9 million as part of an initiative to upgrade the retail environment surrounding Mount Pleasant Towne Centre, the company’s adjacent 510,000-square-foot lifestyle center.

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NAI Earle Furman Negotiates Sale of 425 Acres in Upstate South Carolina for $1.2B USA Rare Earth Manufacturing Plant

John Nelson — Tue, 09 Jun 2026 14:14:37 +0000

BLACKSBURG, S.C. — NAI Earle Furman has negotiated the sale of approximately 425 acres located at 998 Blacksburg Highway in Blacksburg, a city in Upstate South Carolina’s Cherokee County. Brian Hammond, Scout Hammond, Richard Heatly and Alec Moncini of NAI Earle Furman represented the unnamed land seller in the transaction. Situated within Bailey Industrial Park, the site will serve as the future home of a $1.2 billion magnet and refined metals manufacturing plant for USA Rare Earth Inc., a publicly traded leader in rare earths, minerals and advanced materials manufacturing and refinement. The project is the first facility in South Carolina for the manufacturer, which plans to create 490 jobs with the development at full build-out. Engineering work and equipment procurement for the Blacksburg facility is underway, with site work expected to commence in the coming months and commissioning targeted to begin in 2028. The facility will support USA Rare Earth’s magnet manufacturing campus in Stillwater, Okla., and its processing sites in Colorado and Texas.

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Columbia’s Industrial Market Is Establishing Itself as a Major Player in the Southeast

John Nelson — Mon, 08 Jun 2026 11:45:00 +0000

Columbia’s industrial market is evolving into a competitive contender in the Southeast, with only a low 4.7 percent vacancy rate. The Scout Motors manufacturing project is a huge win for Richland County and the Midlands and will bring back the iconic Scout SUV (and pick-up truck). The 4,000 jobs on 1,600 acres is greatly anticipated. South Carolina was the fastest growing state in 2024, according to U-Haul, and near the top in 2025, with no signs of slowing. Columbia is in the middle of this steady growth with its central location as an excellent logistics hub with I-20, I-77 and I-26 and less than two hours from the Port of Charleston. Growing inventory The Columbia industrial market now contains approximately 81 million square feet of inventory, reflecting steady expansion over recent years. Despite being smaller than major logistics markets, Columbia stands out due to its active construction pipeline, with nearly 4 million square feet under development as of late 2025. This represents one of the highest development ratios among comparable secondary markets, signaling strong investor confidence and long-term growth expectations. Much of this new supply is concentrated in: • Build-to-suit logistics facilities • Large-scale speculative distribution centers • Advanced manufacturing…

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Walker & Dunlop Arranges $223M in Bridge Financing for Southeast Multifamily Portfolio

Abby Cox — Fri, 05 Jun 2026 14:06:11 +0000

BETHESDA, MD. — Walker & Dunlop has arranged $223 million in bridge financing for five multifamily properties in North Carolina, South Carolina and Florida totaling 1,345 units. Walker Layne, Austin Sneed and Tyler Evenson of Walker & Dunlop secured the loans through multiple undisclosed debt funds. The borrower was Madison Capital Group. The portfolio includes:

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JLL Arranges $300M Sale of Southeast Industrial Portfolio Net-Leased to FedEx

John Nelson — Tue, 02 Jun 2026 12:00:00 +0000

ATLANTA — JLL has arranged the $300 million sale of a six-property industrial portfolio located across five Southeastern states. The facilities in the nearly 1.6 million-square-foot portfolio were fully net-leased to FedEx on long-term agreements at the time of sale. Built between 2022 and 2023, the facilities range in size from 251,000 to 337,000 square feet. The properties are located in Punta Gorda, Fla.; Anderson, S.C.; Myrtle Beach, S.C.; Christiansburg, Va.; Bristol, Va.; and Wingate, N.C. PGIM and Miramar Capital sold the portfolio to a confidential buyer. Britton Burdette, Dennis Mitchell, Luis Castillo, Bill Prutting, Jim Freeman, Maggie Dominguez and Bobby Norwood of JLL represented the sellers in the transaction. “The scale and geographic diversification of this portfolio reflect the critical role last-mile distribution plays in today’s logistics landscape,” says Burdette. “PGIM positioned these assets to capitalize on accelerating demand for modern industrial space in markets with strong population growth and consumer spending fundamentals.” PGIM is the global asset management business of Prudential Financial Inc. (NYSE: PRU) and has $1.4 trillion in assets under management as of March 31, 2026, including $217 billion in real estate assets. Miramar Capital is a privately owned real estate investment and development firm specializing in…

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With Suburban and Infill Projects, Columbia Takes the Next Step in its Retail Evolution

John Nelson — Mon, 01 Jun 2026 11:45:00 +0000

As we wrap up April, Columbia’s retail market is growing in two distinct directions. Out in Lexington County and the northeast Richland County, new retail-anchored mixed-use projects are stepping up to meet the demands of a booming housing market. At the same time, downtown is getting a major facelift as new infill developments reshape the city center. Historically, Columbia has always had a reputation as a steady, reliable market — thanks to our major hospital systems, state government, universities and Fort Jackson. But that steady market is officially evolving. Between tightening vacancy rates and the massive wave of economic confidence brought on by the Scout Motors plant, Columbia has moved beyond just being a “safe bet” and is quickly emerging as a highly competitive powerhouse in the Southeast. Suburban powerhouse Platt Springs Crossing (South Lexington/Red Bank): A centerpiece of this growth is Platt Springs Crossing, a $65 million, 57-acre mixed-use development at the intersection of Platt Springs and Old Orangeburg roads, has seen overwhelming interest from national brands. • Anchor success: Lowes Foods opened its 51,000-square-foot store in late 2025, serving as a massive traffic driver. • Tenant velocity: Confirmed regional and national tenants include Chipotle Mexican Grill, Panda Express,…

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CBRE Negotiates $6.5M Sale of Cintas Distribution Center in Myrtle Beach, South Carolina

John Nelson — Wed, 20 May 2026 12:09:00 +0000

MYRTLE BEACH, S.C. — CBRE has negotiated the $6.5 million sale of a 24,000-square-foot distribution center located at 8388 Water Tower Road in Myrtle Beach. The facility was developed recently as a build-to-suit for Cintas, an Ohio-based supplier of uniforms and workwear, and sits adjacent to Palmetto Coast Industrial Park. An entity doing business as Jangle LLC purchased the facility from the seller, Columbia-based development firm Magnus Development Partners. Robert Hardaway, Patrick Gildea, Matt Smith, Athony DeLorenzo, Brendan Redeyoff and Robert Barrineau of CBRE represented the seller in the transaction. Chris Martin, Gary Stache and Ben Brantley, also with CBRE, represented the buyer.

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BGO Acquires 851,500 SF Logistics Facility in Metro Charlotte

John Nelson — Tue, 19 May 2026 13:32:03 +0000

ROCK HILL, S.C. — BGO has purchased Legacy Park East, an 851,500-square-foot logistics facility located at 2087 Williams Industrial Blvd. in Rock Hill, a southern suburb of Charlotte. Dave Andrews, Pete Pittroff, Michael Scarnato and Michael Lewis of JLL represented the seller, Scannell Properties, in the transaction. The sales price was not disclosed. Built in 2024, Legacy Park East is situated on a 72.7-acre site near I-77 and the Norfolk Southern Charlotte Intermodal Terminal. The property features 40-foot clear heights, 185-foot truck courts, 177 trailer parking spaces and 403 auto parking positions and was fully leased to two tenants at the time of sale.

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TSCG Signs Sprouts Farmers Market to Anchor Columbia Shopping Center Redevelopment Project

John Nelson — Tue, 05 May 2026 14:21:26 +0000

COLUMBIA, S.C. — TSCG has signed Sprouts Farmers Market to anchor Devine Crossing, a redevelopment project located in Columbia. The new 24,113-square-foot grocery store will occupy the former Piggly Wiggly site, which served the community for more than 50 years before closing in 2025. Locally based Cason Development acquired the 3.2-acre property last May. Alan Freeman of TSCG represented Sprouts Farmers Market in the lease negotiations. TSCG will also lease the remaining space at Devine Crossing. Along with Sprouts, Devine Crossing will include approximately 10,000 square feet of inline retail, as well as an additional 5,000 square feet of multi-tenant building space, bringing the full project to roughly 40,000 square feet of new and redeveloped retail. Sprouts Farmers Market is expected to open in 2027.

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Vertical Construction Begins on $1.2B Hospital Development in North Charleston

John Nelson — Thu, 30 Apr 2026 14:47:10 +0000

NORTH CHARLESTON, S.C. — The Barton Malow | Edifice joint venture team has begun structural steel work at Roper St. Francis Healthcare’s $1.2 billion Roper Hospital development in North Charleston. The start of steel work signals the 27-acre project’s transition from below-grade construction to its vertical rise. Designed by E4H Environments for Health Architecture and Skidmore, Owings & Merrill, the hospital campus will span 805,000 square feet and will offer 328 inpatient beds, a 47-bay emergency department, 44 critical care beds, 18 operating rooms, a comprehensive imaging department and a 12-bay hemodialysis unit. Completion is targeted for 2029.

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