South Carolina

Duncan Logistics Center

DUNCAN, S.C. — Rockefeller Group has plans to develop Duncan Logistics Center, three industrial warehouses totaling 827,000 square feet in Duncan, about 19.4 miles north of Greenville. The firm purchased 98 acres for the industrial park, which is the company’s first project in the Greenville-Spartanburg metro area. The seller and sales price for the land were not disclosed. Duncan Logistics Center will feature Building One, a 431,000-square-foot cross-dock building, and Building Two, a 142,000-square-foot rear-load building. Construction on the first two buildings will be completed in the fourth quarter. Additionally, a build-to-suit pad will be available to accommodate a 254,000-square-foot rear-load building. Duncan Logistics Center is located off Highway 290 between Greenville and Spartanburg along Interstate 85. Building One will feature 36-foot clear heights, 54- by 50-foot column spacing and up to 233 parking spaces and 144 trailer spaces. Building Two will feature 32-foot clear heights, 52- by 50-foot column spacing and up to 140 parking spaces and 44 trailer spaces. Campbell Lewis and Nick Hollstegge of CBRE are the exclusive leasing agents for Duncan Logistics Center. Harper General Contractors, in conjunction with MCA Architects, is providing design-build services. SeamonWhiteside is the project’s civil engineer.

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Beaufort Station

BEAUFORT, S.C. — The Morgan Cos. has plans to develop Beaufort Station, a 200,000-square-foot shopping center in Beaufort. The firm acquired 31 acres for the project. The sales price and seller for the land were not disclosed. Construction is expected to start this quarter, with the project slated for completion by the fall of 2023. Beaufort Station will be located at the southwest corner of Robert Smalls Parkway and Parris Island Gateway. The shopping center development already had four anchor tenants sign leases: Hobby Lobby, Ross Dress for Less, Ulta Beauty and Old Navy. Zach Means of Divaris Real Estate Inc. represented The Morgan Cos. in the land transaction, and Mark Hall of Judge Realty represented the sellers.

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industrial

GREENVILLE, S.C. — Charlotte-based Keith Corp. has broken ground on Upstate Trade Center, a 907,444-square-foot speculative industrial development in Greenville. Slated to be completed in January 2023, the project will be made up of two Class A industrial facilities. Building One will span 640,667 square feet with a cross-dock layout and 36-foot clear heights. Building Two will include 266,777 square feet with a rear-loading layout and 32-foot clear heights. Additionally, the two buildings will be constructed with concrete tilt walls and structural steel framing, as well as ESFR sprinklers, energy-efficient LED lighting and TPO membrane roofs. The project’s location is adjacent to U.S. Highway 25 and Donaldson Center Airport, as well as Interstate 85. Frampton Construction is Upstate Trade Center’s general contractor, Merriman-Schmitt Architects is providing design services and Thomas + Hutton will serve as the project’s civil engineer.

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Trinity Cap

SUMMERVILLE, S.C. — Trinity Capital Advisors, in partnership with Iconic Equities, plans to develop Jedburg Tradeport, two Class A industrial buildings totaling nearly 780,000 square feet in Summerville. Construction on the two facilities will begin this summer and are slated for completion in spring 2023. Lee Allen and Kevin Coats of JLL are leading the leasing efforts for the industrial facilities. Located on 115 acres at 239 Jedburg Road, the Jedburg Tradeport project is located off Interstate 26 and will include a 621,000-square-foot cross-dock building and 158,000-square-foot rear-load building.

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CHARLESTON, S.C. — Los Angeles-based Trion Properties has acquired Latitude at West Ashley, a 312-unit multifamily community in Charleston, for $51.8 million. The seller was not disclosed. Constructed in two phases in 1968 and 1973, Latitude at West Ashley offers one-, two- and three-bedroom floorplans averaging 954 square feet with approximately half of the units set up as townhomes. The apartment community includes 22 two-story wood-framed buildings. Community amenities include a pool deck with BBQ grills and cabanas, a fitness center and onsite laundry facilities. Located at 1735 Ashley Hall Road, Latitude at West Ashley is situated by the Ashley and Stono rivers. The property is also situated seven miles west of downtown Charleston, 2.8 miles from Citadel Mall, the area’s only indoor mall, and near Interstate 526.

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Dwell at Greenridge

NORTH CHARLESTON, S.C. — Charleston-based Blaze Capital Partners has sold Dwell at Greenridge, a 256-unit apartment community located in North Charleston. The buyer and sales price were not disclosed. Built in 1980, The Dwell at Greenridge is a two-story multifamily community that offers one- and two-bedroom units ranging in size from 650 to 960 square feet. Community amenities include a pool with sun deck, grill and picnic areas, clubhouse and two laundry centers. Located at 7910 Crossroads Drive, Dwell at Greenridge is situated close to Interstate 26 and two of South Carolina’s largest manufacturers: Boeing and Volvo. The property is also located about 16 miles from the College of Charleston and approximately nine miles from Charleston International Airport. Blaze Capital Partners made investments to modernize the property over its ownership period, including adding new signage and marketing, building a new clubhouse and fitness center and redesigning exterior amenities and landscaping.

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Point Hope

CHARLESTON, S.C. — Fort Lauderdale, Fla.-based Stiles has sold Point Hope Commons, a 75,000-square-foot neighborhood shopping center in Charleston, to an undisclosed buyer for $29 million. Located at 1679 Clements Ferry Road, Point Hope Commons is situated about 20 miles from the College of Charleston, 13.6 miles from Charleston International Airport and 20 miles from the South Carolina Aquarium. The property was developed by Stiles in 2019. Anchored by Publix, the property was 92 percent leased at the time of sale to tenants including Roper St. Francis Healthcare, Heartland Dental and Cainhoy Veterinary Hospital. Point Hope Commons serves as the primary retail center for Cainhoy, a new mixed-use community that is planned to have up to 9,000 single-family homes and over 500 acres of retail, restaurants, multifamily and office projects. The property is under development and will be managed by the Daniel Island Development Co.

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Wesley Drive

CHARLESTON, S.C. — CBRE has arranged the sale of a 30,677-square-foot medical office building in Charleston. An entity doing business as JEMO – Wesley LLC purchased the property from an entity known as 615 Wesley Drive LLC for $12.6 million. Charles Carmody and Ryan Carmody of CBRE represented the seller in the transaction. Built in 2002, the three-story property provides free onsite parking. Located at 615 Wesley Drive, the property is situated at the intersection of Highway 17, Highway 61 and Wesley Drive. The property is roughly three miles from downtown Charleston and 11 miles from Charleston International Airport.

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Victor Hill

GREER, S.C. — Dalfen Industrial has acquired Victor Hill Industrial Park, a 366,240-square-foot industrial property located in Greer. Exxcel Project Management sold the property for an undisclosed sales price. Victor Hill Industrial Park is a recently constructed, Class A, two-building industrial park. Located at 859 and 861 Victor Hill Road, the property is situated a quarter mile from the BMW manufacturing plant, two miles from Interstate 85 and the Greenville-Spartanburg Industrial Airport, three miles to Fedex Air and five miles to Inland Port Greer.

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movie theater

MOUNT PLEASANT, S.C. — Cushman & Wakefield has brokered the sale of a movie theater-occupied property on a seven-acre site located in Mount Pleasant, about 9.5 miles from Charleston. The sales price was $14.3 million. Nick Tanana and Brady Dashiell of Cushman & Wakefield represented the seller, Knoxville, Tenn.-based Regal Cinemas, which operates a 33,000-square-foot movie theater onsite called Regal Cinebarre. Collett Capital was the buyer. Built in 2005, the site currently has no tenants now that Regal Cinemas sold the property. Located at 963 Houston Northcutt Blvd., the site is just over the Arthur Ravenel Jr. Bridge and is easily accessible from downtown Charleston.

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