HANAHAN S.C. — West-Signal, a joint venture between an affiliate of North Signal Capital LLC and a fund managed by Westport Capital Partners LLC, has broken ground on a 340,000-square-foot industrial facility within North Pointe Commerce Park in Hanahan, roughly 15 miles northwest of Charleston. The partnership is developing the warehouse and production facility for Science Applications International Corp. (SAIC), a technology integrator in the engineering, technical and information technology markets. SAIC’s primary client is the U.S. federal government. The LEED-certified building will feature tilt-up concrete construction, 32-foot clear heights, an ESFR sprinkler system and LED lighting. The building will also have the capacity to expand an additional 74,000 square feet. Evans General Contractors will design and build the facility, and Bank of America is providing construction financing for the project. West-Signal expects to deliver the facility in the fourth quarter. The joint venture acquired three developable sites along North Pointe Industrial Boulevard — collectively referred to as North Pointe Commerce Park — in late 2017 and is developing each one. The project will ultimately add approximately 715,000 square feet of industrial space to the greater Charleston area. The first building within the park is slated for delivery in September. Peter Fennelly, …
FORT MILL, S.C. — Cushman & Wakefield has brokered the $40 million sale of the Daimler Building, a 150,164-square-foot office building in Fort Mill, roughly 20 miles south of Charlotte in South Carolina. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield, along with Campbell Walker and Ridr Knowlton of Lincoln Harris, arranged the transaction on behalf of the undisclosed seller. Cantor Fitzgerald Investors LLC acquired the three-story building, which is fully leased to Daimler Trucks North America, a wholly owned subsidiary of Daimler AG. The building serves as the East Coast operations hub for Daimler Trucks North America, which has occupied the building since it was constructed in 2008.
GREENVILLE, S.C. — Entertainment concept Topgolf plans to open a new location at Garlington North, a 77-acre mixed-use project under development at Interstate 85 and Pelham Road in Greenville. Andy Misiaveg and Darrell Palasciano of The Shopping Center Group represented both Topgolf and owner/developer RealtyLink LLC in the lease negotiations. TSCG is the exclusive leasing advisor for the development. The three-story Topgolf venue will be situated on 13.5 acres in the northwest corner of the site, and will include 72 climate-controlled hitting bays that can host up to six players at a time. The facility will be the first Topgolf in South Carolina and is expected to open in summer 2019. Additional plans for the first phase of Garlington North include 24 acres of green space and preserved wetlands. There are three additional parcels available for sale or ground lease, and TSCG is pursuing restaurants, hotel chains, entertainment venues, retail and office tenants to round out Phase I. RealtyLink is considering retail, office, industrial and/or flex space for the second phase of the project. Site work is currently underway, but an additional construction timeline was not disclosed.
SUMMERVILLE, S.C. — Condor Hospitality Trust Inc. has acquired a 93-room Home2 Suites by Hilton in Summerville, roughly 25 miles northwest of Charleston. The Maryland-based hospitality REIT acquired the asset for $16.3 million. Everest Hotels Group developed the property, according to The Post and Courier. Inn Ventures, Condor’s management partner, will manage the property, which opened in 2017. The hotel features a business center, convenience shop, Spin2Cycle fitness and laundry facility, barbecue grills, a heater indoor pool and a firepit.
COLUMBIA, S.C. — Miller-Valentine Construction has broken ground on Midway Logistics III, a 200,000-square-foot speculative industrial building located in Columbia’s 350-acre Lexington County Industrial Park. Magnus Development Partners is developing the project. The building, designed for distribution and light manufacturing tenants, will feature 30-foot clear heights, LED lighting, an ESFR sprinkler system, 21 dock doors, two drive-ins and entries for tenant offices. In addition, the site is designed to allow for a shared dock apron to support a future distribution facility on an adjacent lot. The project is on a 30-week construction schedule. In November, Miller-Valentine completed construction on the nearby Midway Logistics II. Lexington County Industrial Park is home to tenants such as Husqvarna, JamPak, Home Depot and Republic National Distributing Co. Colliers International is handling leasing for Midway Logistics III.
LIBERTY, S.C. — Binswanger has brokered the sale of a 310,000-square-foot industrial facility located at 7240 Moorefield Memorial Highway in Liberty, a city in Upstate South Carolina. The single-story building is located roughly 17 miles west of Greenville and 35 miles from the Greer Inland Port. Doug Faris and Shaun Kirchin of Binswanger arranged the transaction on behalf of the buyer, Eliken Property Management LLC. Kidco Liberty LLC sold the property for an undisclosed price. Eliken plans to renovate the property to attract new tenants or investors.
MONCKS CORNER, S.C. — CBRE has brokered the sale of Foxbank Industrial Park, a 201,500-square-foot manufacturing and distribution facility located at 2550 U.S. Highway 52 in Moncks Corner, roughly 30 miles north of Charleston. Patrick Gildea, Bob Barrineau, Brandon Redeyoff and Matt Smith of CBRE arranged the transaction on behalf of the seller, JL Woode. CCP Commercial Real Estate acquired the park for an undisclosed price. Foxbank Industrial Park is situated on more than 30 acres and features 25- to 35-foot clear heights, 10,280 square feet of office space, existing bridge cranes, 18 oversized ground-level doors and an outdoor storage area. Sea Fox Boats, a manufacturer of saltwater boats, anchors the property.
NORTH CHARLESTON, S.C. — Berkadia has brokered the $21.8 million sale of Ashley Village Townhomes, a 260-unit multifamily community located at 3311 Mountainbrook Ave. in North Charleston. Mark Boyce and Blake Coffey of Berkadia arranged the transaction on behalf of the seller, PEM Real Estate Group. Lurin Capital acquired the asset. Constructed in 1970, Ashley Village Townhomes includes one- to three-bedroom floor plans and features a renovated clubhouse, business center, fitness center, pool, playground and a laundry room.
CHARLESTON, S.C. — Trinity Capital Advisors and Durlach Associates have sold Faber Plaza, a 125,822-square-foot office building located at 4400 Leeds Ave. in Charleston. Hall Capital purchased the asset for $36.4 million. Durlach Associates, which developed the building in a joint venture with Trinity in 2015, will remain an investor in the property under the new ownership. Patrick Gildea, Matt Smith and Charlie Carmody of CBRE arranged the transaction. Faber Plaza is home to tenants including BlueCross BlueShield of South Carolina, Paychex, Cummins, HDR, Sonepar, TranSystems and TY Lin International. The building features 12-foot ceilings, floor-to-ceiling windows and park views.
COLUMBIA, S.C. — SmartStop Asset Management LLC has acquired Aspyre at Assembly Station, a 760-bed student housing community located near the University of South Carolina in Columbia, for $64.5 million. The property offers one-, two- and three-bedroom units. Community amenities include a 24-hour fitness center, business center, computer lab, resort and lap pools, a sauna and various outdoor recreational areas. The seller in the transaction was not disclosed.