COLUMBIA, S.C. — Montecito Medical Real Estate has received a $31.2 million loan for the acquisition of a cancer treatment center located in Columbia. First Citizens Bank’s Healthcare Finance group, part of the CIT division, provided the financing. The facility is currently leased to South Carolina Oncology Associates (SCOA).
COLUMBIA, S.C. — NAI Columbia has sold a 40,883-square-foot retail center located at 3900 N. Main St. in Columbia’s NOMA District for an undisclosed price. Dubbed the “Ultra Hub,” a 30,000-square-foot O’Reilly Auto Parts store, warehouse and distribution center anchors the property. North Main Kidney Center and TitleMax are also tenants at the shopping center. NAI Columbia’s development team purchased the property, formerly home to a BI-LO grocery store, in December 2021 before making extensive renovations. Ben Kelly and Patrick Chambers of NAI Columbia brokered the sale to the undisclosed buyer.
WALTERBORO, S.C. — Pomega Energy Storage Technologies, a subsidiary of Kontrolmatik Technologies, has broken ground on its first U.S. lithium-ion battery manufacturing plant in South Carolina. The company will invest $300 million in upfront capital expenditures in the new facility in Walterboro, a suburb of Charleston in Colleton County. Pomega Energy Storage expects to begin production at the 500,000-square-foot facility in mid-2024, create about 575 new jobs and have an initial production capacity of 3 gigawatt-hours (GWh) — with plans to later increase capacity to 6 GWh with future development on the site. In addition to manufacturing the battery cells at the South Carolina plant, Pomega Energy Storage will also manufacture and assemble turnkey battery energy storage systems, including modules, cabinets and final containerized energy storage solutions. JLL led the site selection process for Pomega Energy Storage, which considered more than 200 locations before selecting the Colleton County site.
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.
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.
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.
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.
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 …
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.
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 …
