South Carolina

Joint Venture to Develop 780,000 SF Industrial Portfolio in Metro Charleston

by Julia Sanders January 11, 2022

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.

January 11, 2022

Acquisitions Multifamily South Carolina Southeast

Trion Properties Acquires Latitude at West Ashley Apartments in Charleston for $51.8M

by Jeff Shaw January 3, 2022

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.

January 3, 2022

Acquisitions Multifamily South Carolina Southeast

Blaze Capital Partners Sells 256-Unit Apartment Community in North Charleston

by Julia Sanders December 20, 2021

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.

December 20, 2021

Acquisitions Retail South Carolina Southeast

Stiles Sells Publix-Anchored Retail Center in Charleston for $29M

by Julia Sanders December 17, 2021

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.

December 17, 2021

Acquisitions Office South Carolina Southeast

CBRE Arranges $12.6M Sale of Medical Office Building in Charleston

by Julia Sanders December 15, 2021

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.

December 15, 2021

Acquisitions Industrial South Carolina Southeast

Dalfen Acquires 366,240 SF Industrial Property in Greer, South Carolina

by Julia Sanders December 7, 2021

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.

December 7, 2021

Acquisitions Retail South Carolina Southeast

Cushman & Wakefield Brokers $14.3M Sale of Movie Theater-Occupied Property in Metro Charleston

by Julia Sanders December 2, 2021

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.

December 2, 2021

Development Industrial South Carolina Southeast

Capital Development Partners to Build $250M Industrial Park Near Port of Charleston

by Julia Sanders November 30, 2021

NORTH CHARLESTON, S.C. — Capital Development Partners, a Savannah, Ga.-based industrial real estate and infrastructure development firm, has purchased 135 acres in North Charleston near the Port of Charleston’s newly opened Hugh K. Leatherman Terminal. The sales price for the land was $65 million. The Savannah, Ga.-based firm plans to develop Shipyard Creek Logistics Center, an industrial park exceeding $250 million in value. Construction on the site infrastructure and the initial cross-dock terminal will start immediately, with delivery expected in 2022. Shipyard Creek Logistics Center will include container storage, warehousing and logistics support facilities. The project is expected to create 200 direct jobs and thousands of indirect jobs. The deep-water Leatherman Terminal offers highly efficient operations for import and export customers. The terminal can handle 700,000 twenty-foot equivalent units in Phase I with expansion capability to 2.4 million TEUs of capacity in Phase II, according to Capital Development Partners. The location of Shipyard Creek Logistics Center offers proximity to infrastructural access points designed to move containers to and from the Port of Charleston via the Leatherman Terminal, the South Carolina Ports Authority’s future dual rail-served intermodal cargo facility and Interstate 26.

November 30, 2021

Development Industrial Loans South Carolina Southeast

Patterson Secures JV Equity, Debt Financing for 535,000 SF Industrial Project in Orangeburg, South Carolina

by Julia Sanders November 22, 2021

ORANGEBURG, S.C. — Patterson Real Estate Advisory Group has secured joint venture equity via Pacolet Milliken to develop the first phase of Shamrock Commerce Center, an industrial park in Orangeburg that will ultimately span 2 million square feet across 200 acres. Patterson also secured separate debt financing via United Community Bank, which provided a senior construction loan. The equity and debt financing amounts were not disclosed. Appian Investments/NAI Earle Furman plans to break ground soon on Building A, which will be an approximately 535,000-square-foot industrial facility. Building A will sit on approximately 50 acres at the interchange of Interstate 26 and US Highway 301, about 76.4 miles from the Port of Charleston. Slated for completion by the fourth quarter of 2022, the property will be a cross-dock facility with 36-foot clear heights.

November 22, 2021

Acquisitions Development Industrial South Carolina Southeast

Magnus Acquires Site in Ridgeville, South Carolina for 157,500 SF Industrial Project

by Julia Sanders November 22, 2021

RIDGEVILLE, S.C. — Magnus Development has acquired a 10-acre site in Ridgeville for the development of Vantage Point I, a 157,500-square-foot Class A industrial building at Camp Hall Campus 1. The sales price and seller for the land deal were not disclosed. Construction for Vantage Point I is slated for completion by the third quarter of 2022. Robert Barrineau, Brendan Redeyoff and Tim Raber of CBRE will lease and market the project on behalf of Magnus. Vantage Point I will be a multi-tenant, rear-load facility that can accommodate tenants from 21,000 to 157,500 square feet. The building’s features will include 30-foot clear heights, an ESFR sprinkler system, 144-space parking lot, two drive-in doors and 16 dock doors that are expandable to 45. The project is located across from Volvo Cars U.S., 2.3 miles northeast of Interstate 26, 37.7 miles from Charleston and 38.5 miles from Port of Charleston.

November 22, 2021

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