South Carolina

Frampton Construction Completes 907,400 SF Industrial Park in Greenville

by John Nelson February 8, 2023

GREENVILLE, S.C. — Frampton Construction has completed Upstate Trade Center, a 907,400-square-foot industrial park in Greenville, on behalf of the developer, The Keith Corp. Situated within four miles of I-85 and adjacent to US Highway 25 and Donaldson Center Airport, the speculative project took approximately 12 months to complete. Building One of Upstate Trade Center is a cross-dock facility spanning 640,640 square feet with a clear height of 36 feet, and Building Two is a rear-load facility totaling 266,760 square feet with a clear height of 32 feet. The design-build team includes architect Merriman-Schmitt Architects and civil engineer Thomas + Hutton. JLL is marketing Upstate Trade Center for sale.

February 8, 2023

Development Industrial South Carolina Southeast

GE Appliances to Open 584,820 SF Distribution Center in Greenville, South Carolina

by John Nelson February 3, 2023

GREENVILLE, S.C. — GE Appliances (GEA) has announced plans for a new 584,820-square-foot distribution facility located in Greenville. Provident Realty Advisors Inc. is the developer for the project. Situated within August Grove Business Park, the development is scheduled for completion in the first quarter of 2024. GEA plans to invest $50 million in the facility, which marks the company’s second location in the state.

February 3, 2023

Acquisitions Retail South Carolina Southeast

Marcus & Millichap Brokers $5M Sale of Walgreens-Leased Store in Hartsville, South Carolina

by John Nelson February 2, 2023

HARTSVILLE, S.C. — Marcus & Millichap has brokered the $5 million sale of a 14,450-square-foot store at 901 S. 5th St. in Hartsville that is net-leased to Walgreens. The drug store chain has a little less than 11 years left on the lease, as well as 50 one-year extension options. A buyer based on the East Coast purchased the store in an all-cash deal from the seller, a limited liability company. Both parties requested anonymity. Bruce Cowley and Lisa Sickinger of Marcus & Millichap represented the seller in the transaction. Ben Yelm, Marcus & Millichap’s South Carolina broker of record, assisted in the deal.

February 2, 2023

Development Mixed-Use South Carolina Southeast

NASH to Build Mixed-Use Property Within Nexton Development in Summerville, South Carolina

by John Nelson January 31, 2023

SUMMERVILLE, S.C. — A subsidiary of North America Sekisui House LLC (NASH) plans to develop Dayfield Park, a mixed-use campus set within the company’s Nexton master-planned development in the Charleston suburb of Summerville. Situated on 60 acres near Nexton’s Brighton Park neighborhood, Phase I of Dayfield Park will feature 100,000 square feet of office space and 20,000 square feet of retail and restaurant space across five single-story buildings, as well as additional outparcels. Committed tenants include The Goddard School daycare, HYLO Fitness and Go Dog, a pet daycare, boarding and grooming facility that also features a bar for pet owners. Dayfield Park will be developed in three phases, each with five buildings. The project is expected to bring approximately 500 new jobs to the community. NASH plans to break ground on the project in the summer and deliver the entire campus in 2026. The project team includes leasing brokerage Bridge Commercial, property management firm Brookfield Properties, engineering firm SeamonWhiteside and architectural firms Rush Dixon Architects and Bello Garris Architects.

January 31, 2023

Development Mixed-Use Multifamily Office Restaurant Retail South Carolina Southeast Top Stories

Jamestown Breaks Ground on 79-Acre Navy Yard Redevelopment Project in North Charleston

by Jeff Shaw January 31, 2023

NORTH CHARLESTON, S.C. — Jamestown, along with local real estate developers Weaver Capital Partners and WECCO Development, has broken ground on the first buildings at Navy Yard Charleston, the 79-acre mixed-use redevelopment of a former naval base in North Charleston. This first phase of the redevelopment involves converting two historic storehouses — Storehouse 8 and Storehouse 9 — on the project site into a total of 107,000 square feet of mixed-use space for restaurants, retail, office space and apartments. The buildings are scheduled to open in 2024. The 40,000-square-foot, two-story building known as Storehouse 8 will be restored and repurposed as a restaurant, event space and offices. To preserve the history and character of the building, which was constructed in 1906 as naval administrative offices, the renovation will salvage architectural details such as the original hallways, trim, railings, flooring, slate roof and copper soffits. The adjacent Storehouse 9, a 67,000-square-foot, four-story building constructed in 1918 as naval administration offices and storage facility, will be converted into restaurant and retail space on the ground floor, a rooftop bar and restaurant with views of the Cooper River and 86 multifamily units offering flexible live/work layouts. In addition to the redevelopment of Storehouses …

January 31, 2023

Development Multifamily South Carolina Southeast

Atlas, FIDES Acquire Site in Charleston for 331-Unit Darby Apartment Project

by John Nelson January 30, 2023

CHARLESTON, S.C. — Atlas Real Estate Partners and FIDES Development have acquired a site in Charleston for the development of The Darby, a 331-unit multifamily community. Located at 1590 Meeting St., the asset will be situated in Charleston’s NoMo corridor. Full entitlements and site plan approval have been obtained for the project, which will include units in studio, one- and two-bedroom layouts. Upon completion, the community will feature two courtyards, a pool, pickleball court, dog park and 9,000 square feet of indoor amenity space, including a coworking facility. The sales price for the land was not disclosed.

January 30, 2023

Georgia Industrial Market Reports South Carolina Southeast Southeast Market Reports

Port Authorities in Charleston, Savannah are Pushing the Boundaries

by John Nelson January 30, 2023

As port authorities around the country invest billions of dollars in infrastructural improvements, industrial users are taking notice and looking for sites near all the action. In the Southeast, the elevated demand for new industrial space near the Port of Savannah and Port of Charleston is pushing the boundaries as far as what’s considered normal levels for property performance indicators such as new construction, rent growth and leasing activity. “It’s hard to say that anything is ‘normal’ right now — there are a lot of new phenomena out there,” says Robert Barrineau, senior vice president of CBRE’s Charleston office. “We are seeing nationally now that a tie to a seaport as being key for economic growth and for operational efficiencies for companies.” In one of the bigger announcements in 2022, Hyundai Motor Group chose a 3,000-acre site in Bryan County, which is close to both the Port of Savannah and Interstate 95, for its $5.5 billion manufacturing plant. Construction is already underway, and the facility should be operating at full capacity, which entails production of 300,000 units annually, by the first half of 2025. The South Korean automotive giant intends to use a combination of local labor and AI technology …

January 30, 2023

Acquisitions Restaurant Retail South Carolina Southeast

NAI Charleston Brokers $12M Sale of Two Retail Buildings in Charleston’s Upper King District

by John Nelson January 25, 2023

CHARLESTON, S.C. — NAI Charleston has brokered the $12 million sale of two retail buildings located at 585 and 587 King St. in Charleston’s Upper King Street district. These buildings, which span approximately 13,700 square feet, were leased to Fuji Sushi Bar and Uptown Social at the time of sale. Thomas Boulware of NAI Charleston represented the undisclosed buyer in the transaction. Tim Weldon of Colony Commercial Real Estate represented the locally based seller, Vanderking Properties.

January 25, 2023

Development Industrial South Carolina Southeast

Karis Cold to Open 277,785 SF Cold Storage Facility in Metro Charlotte in 2024

by John Nelson January 24, 2023

ROCK HILL, S.C. — Karis Cold is under construction on a 277,785-square-foot cold storage facility in Rock Hill. Situated on a 40-acre site, the project represents the first cold storage speculative facility in metro Charlotte. The property, which Karis Cold expects to open in first-quarter 2024, will feature convertible freezers, 50-foot clear heights, 28 dock doors with two drive-in doors, 47 trailer parking stalls and 147 regular parking spaces. Spencer Yorke, John Cashion and Rich Grieder of JLL will lead the development’s marketing and leasing efforts on behalf of Karis Cold.

January 24, 2023

Development Industrial South Carolina Southeast

Hunt Midwest Delivers 476,280 SF Industrial Development in Lyman, South Carolina

by John Nelson January 23, 2023

LYMAN, S.C. — Kansas City-based Hunt Midwest has completed construction on Fort Prince Logistics Center, an industrial project comprising 476,280 square feet in Lyman, roughly 20 miles northeast of Greenville. Located within Fort Prince Industrial Park at 1090 Fort Prince Blvd., the cross-dock development features 48 dock positions with 36-foot clear heights, mechanical dock equipment, 7-inch concrete slab flooring, speculative office space, 189 surface parking stalls (expandable to 385), up to 125 tractor trailer parking stalls and a 135-foot-deep truck court. Seamon Whiteside provided civil engineering services; LS3P designed the building; and Evans General Contractors oversaw construction. John Montgomery, Garrett Scott, Brockton Hall and Dillon Swayngim of Colliers will handle leasing at the development.

January 23, 2023

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