With an average of 230 days of sunshine each year, a low cost of living, and endless recreational activities, Charleston is a joy to call home. As the second most popular place to live in the U.S., metro Charleston is booming, not only with new residents but with new construction and property investment opportunities too. But with the Tri-County's rapid rate of growth comes increased real estate demand and complexity. That's especially true for commercial real estate transactions. According to CoStar, near-zero vacancy rates and short supply have forced rents and sales to reach record highs. At the same time, online medical and grocery purchases, along with last-mile delivery needs, have driven a new desire for industrial space.
It's safe to say that there is a lot of opportunity on the table for commercial real estate sellers and investors in South Carolina. But capitalizing on that opportunity without the proper market knowledge, relationships, or risk analysis can actually be counterproductive to your goals. That's where Coldwell Banker Commercial Atlantic's commercial real estate brokers in Charleston, SC, come into play.
As experts in the commercial real estate industry for more than 37 years, our brokerage provides the highest level of service to clients in today's rapid, constantly-changing business climate.
At Coldwell Banker Commercial, we pride ourselves on having local power and a global presence. Our clients entrust their complex and lucrative commercial real estate deals to us because they understand the value of working with brokers who are familiar faces within the community. On any given day, you could be standing next to one of our brokers at a grocery store or local restaurant. As your friends and neighbors, we're proud to call the Lowcountry home. Though we have local roots, our resources and expertise are backed by a global network. That power gives our commercial real estate clients peace of mind, knowing they have access to a dynamic and diversified brokerage of highly-trained and educated agents.
From general commercial leasing services and property management to investment guidance and new property site selection, our team works tirelessly to exceed your expectations and meet your goals. Whether you're looking to buy, sell, lease, or develop, our commercial real estate brokerage in Jedburg, SC provides the up-to-date advice and time-tested market knowledge needed to facilitate any commercial real estate transaction, large or small.
Some of the commercial real estate specialties we focus on in South Carolina include:
At the end of the day, our commercial brokers and agents aren't satisfied until you're a happy customer. That's why every service and decision we recommend is made with your best interests in mind.
Perhaps you're in a situation where you need more space for a growing business. Maybe, instead, you want to capitalize on low-interest rates and buy a commercial real estate investment property to bolster your portfolio. Whatever your needs may be, whether as an investor or a small business owner, your goals are probably the same: lock in the best value and negotiate optimal terms for leasing, buying, or selling. When it's all said and done, you want to minimize expenses and maximize your ROI.
Unfortunately, commercial real estate is complex by nature. Given today's ever-changing real estate landscape and the challenges of our economy, working with a commercial real estate agent is the savviest way to save money and lessen the likelihood of making a poor investment.
That's because the very best commercial real estate brokers, like those at Coldwell Banker Commercial Atlantic, do more than putting "for sale" signs in yards and in newspapers. They have the tools and training to source and present research apropos to your commercial real estate purchase or sale. They also have the ability to provide transaction and advisory services to ensure every aspect of your CRE process goes smoothly and efficiently. But we're getting ahead of ourselves. Here are a few of the biggest reasons to work with a commercial real estate broker in South Carolina.
One of the most valuable reasons for working with a commercial real estate brokerage is that staff have a deep understanding of South Carolina's real estate market. In the Lowcountry, trends and market conditions are constantly changing. Opportunities are lost and found daily.
With this market knowledge, your commercial real estate broker in Jedburg, SC, can provide an easy-to-understand analysis of various commercial properties within your budget. They'll know what relevant properties are leased or sold for and how much. Savvy commercial real estate brokers are also always informed on local demographics and market indicators that impact your commercial real estate goals. For instance, with COVID becoming a more accepted part of our lives, leasing, and sales in retail have taken off, especially for Class A and Class B centers.
At Coldwell Banker Commercial Atlantic, we specialize in several commercial real estate services. Though each service is comprehensive and will differ for each client, here is a brief overview to help you understand the scope of our abilities.
We're proud to say that our commercial real estate brokers in Jedburg, SC, are equipped with all the necessary skills and traits to make your life easier. From transactional needs to marketing strategies, our experience and market knowledge is second to none, allowing us to ensure your success in today's market.
In an ever-changing commercial real estate industry, our approach to property management is constantly evolving. Our team has extensive experience in commercial real estate management and recognizes its importance as a foundation for long-term value and wealth. As such, Coldwell Banker Commercial Atlantic provides tailor-made property management packages that meet your specific assets needs and objectives.
Whether you're entering a build-to-suite or remodeling a commercial property, our associates are ready to represent you with facility planning, design, construction, zoning restrictions, and so much more. If you're looking for a brokerage that can guide you through every step of the construction process with your goals and budget at heart, look no further than Coldwell Banker Commercial Atlantic.
Coldwell Banker Commercial Atlantic provides comprehensive investment analytics to better evaluate potential investments and increase return on those investments. Additionally, our team can facilitate single or multiple-location transactions and also find alternative financing recommendations if needed.
From selecting the perfect building site for your property to overseeing its initial construction, our associates provide experience and expertise when you need it most, covering every step and service of property development. If needed, our team can assemble the right professionals to ensure your property is developed to your unique specifications and applicable regulatory standards.
Our commercial real estate brokerage represents clients in both the disposition and acquisition of property and works directly with you to determine your needs. We then strive to improve efficiency and reduce costs. We also assist financial institutions and government agencies in the management and disposition of âtroubled properties.' Our firm incorporates its spectrum of services to efficiently turn these properties around and improve their value for ultimate disposition.
If you're just getting started in commercial real estate investing, you're probably searching for reliable advice and best practices to follow. While hands-on experience and guidance from a commercial real estate broker are always best, a little advice never hurts. After all, there's a wide world of opportunity out there. As you begin to build a more robust portfolio, keep these tips and tricks in mind.
Commercial real estate deals can take a lot longer than traditional single-family transactions. That's true throughout the entire process, from purchase, to renovation, to selling. That's not a bad thing - after all, having impatience is a good way to rush into a poor decision. Instead of a means to quick cash, think of commercial real estate deals as a large bonus or as a vehicle for retirement.
Many commercial real estate investors jump right into the multi-family property space. However, it's essential to keep other types of properties in mind, such as mobile homes, office buildings, land, and even mobile home parks. Forget about your comfort zone. Instead, weigh your options and choose a niche that helps you meet your goals.
Commercial loans are quite different than their residential counterparts. In some ways, they're better. Though down payments are typically higher, meaning you'll put more down, there's often no personal liability involved. Plus, commercial loans can be more forgiving when borrowing money for down payments. The bottom line is to search for the best lenders before making an offer. If you're having trouble, ask your commercial real estate broker for assistance, as they often have connections and partnerships with relevant entities.
If you're used to buying residential homes, you're probably familiar with some formulas, such as buying 75% of after-repaired value minus the estimated cost of repairs. Depending on the type of commercial property you're buying or selling, you'll have different formulas to learn. Two examples are Cap Rates and Net Operating Income. Learning these formulas can be very beneficial when making an offer.
If you find yourself discouraged with the commercial real estate game, remember that the team at your commercial real estate brokerage is there to make your life easier. At Coldwell Banker Commercial Atlantic, we have a powerful brokerage with a team of over 20 highly skilled and educated agents. Our job is to serve you, whether you're a new investor looking for your first deal or an experienced property owner looking for 1031 tax investment advice.
Clarius Partners and Stonemont Financial Group have announced that Buildings 3 and 4 are available for lease at the partnership’s Omni Industrial Campus in Summerville, S.C. The two speculative buildings total nearly 971,000 square feet of Class A industrial space.Bridge Commercial is the exclusive leasing agent in charge of the 1.3 million-square-foot industrial park, expected to be delivered in June 2023.Omni Industrial Campus is situated on nearly 100 acres, within the...
Clarius Partners and Stonemont Financial Group have announced that Buildings 3 and 4 are available for lease at the partnership’s Omni Industrial Campus in Summerville, S.C. The two speculative buildings total nearly 971,000 square feet of Class A industrial space.
Bridge Commercial is the exclusive leasing agent in charge of the 1.3 million-square-foot industrial park, expected to be delivered in June 2023.
Omni Industrial Campus is situated on nearly 100 acres, within the Jedburg Industrial Corridor, close to Interstate 26, 22 miles from North Charleston Port, 26 miles from Hugh Leatherman Terminal and within 32 miles of the Port Charleston, one of the fastest-growing ports in the U.S. over the last decade. The development is also situated close to the 4,500-acre, master-planned community Nexton, and other residential areas, allowing future tenants easy access to the market’s workforce.
Bridge Commercial’s team led by Executive Vice Presidents Hagood Morrison and Simons Johnson, President Peter Fennelly and Associate Vice President Will Crowell are the appointed leasing brokers in charge of the development.
The project’s initial building, Building 2, encompassing 360,320 square feet of space is fully preleased to a long-term, build-to-suit tenant. The remaining two buildings will feature 36-foot clear heights, LED lightning and ESFR sprinkler systems. The 364,700-square-foot Building 3, designed to accommodate multiple tenants, will have 305 vehicle parking spots, 79 trailer parking spots, four drive-in doors and 36 dock high doors, while the 606,880-square-foot Building 4, designed for large volume distribution, will have 350 vehicle parking spots, 157 trailer parking spots, four drive-in doors and 64 dock-high doors. Additionally, all three properties will also have a speculative office component, available for occupancy starting June of this year.
The industrial project is the largest option near the Port of Charleston for companies looking for an intermodal distribution point in the Southeast region, noted Stonemont Financial Group’s Managing Principal & Chief Executive Officer, Zack Markwell, in a prepared statement.
Earlier this month, Avison Young was tapped as leasing agent in charge of another industrial property under development in the Charleston area. The firm will market for lease a 545,000-square-foot project in Ridgeville, S.C., that is part of Camp Hall Commerce Park, a 6,800-acre master-planned development.
BERKELEY COUNTY, S.C. (WCIV) — For months, Jedburg residents have fought to be heard by developers and Berkeley County.They were against a proposed development in their neighborhood.The proposed development came as Berkeley County Council passed a moratorium to control growth.Residents wanted to see this moratorium in effect to keep developers from building homes near their property."Pulte is not going to be here. They're not going to live in this area. They're going to take their profits back to Atlant...
BERKELEY COUNTY, S.C. (WCIV) — For months, Jedburg residents have fought to be heard by developers and Berkeley County.
They were against a proposed development in their neighborhood.
The proposed development came as Berkeley County Council passed a moratorium to control growth.
Residents wanted to see this moratorium in effect to keep developers from building homes near their property.
"Pulte is not going to be here. They're not going to live in this area. They're going to take their profits back to Atlanta. We're going to have to deal with this on a daily basis. I'm retired, I don't want to move. And so, we decided to fight," said Bill Shelton, a retired resident in the Jedburg community.
Ongoing efforts made by the Jedburg and New Hope communities paid off Monday night as Berkeley County Council denied lifting the moratorium for Pulte Homes.
The homebuilder proposed the Sandy Run development, which would have been 465 homes, a school and commercial business on Jedburg Road.
"Jedburg Road has become a major corridor. The traffic is so heavy, it's become hazardous, and people are literally frightened to drive on that road making left turns into the driveway. That's how hazardous it is. They're talking about adding 1,000 cars onto that road. It was just not compatible," Shelton said.
Neighbors of the proposed development met several times this year. They shared concerns about increased traffic, flooding, privacy intrusions and more.
Previous Coverage: Jedburg resident wants to be heard by developers & Berkeley County
"I think a lot of that stood out to be the traffic congestion that areas a lot of growth going on in that area. A lot of the area is also wetlands as well. So trying to preserve the green space in that area. The zoning of that area is flex 1, so it's a lot of a lot of larger lot sizes, and that potential development would have a lot of smaller houses on smaller lots. So to protect the integrity of that community and keep those lot sizes larger," said Phillip Obie II, councilman for District 3.
"I think they saw the passion and accounting. I think they saw the lengths we were willing to go to make our voices heard. And I think they realized that we were organized, we were going to be a force to be dealt with. And if we didn't get our voices heard, we were going to keep fighting," Shelton said.
Neighbors say they met with Pulte Homes to talk about their plans. Pulte modified them.
Then the community took a unanimous vote and submitted it to county council.
"We had plenty of time to hear what the community's concern was and saw that the developer was not meeting those concerns of the citizens fully, which is ultimately why it was not lifted tonight," Obie said.
"We are delighted and we feel that Berkeley County is making progress to realize, yes, we need jobs and we're not against people developing their land, but not when they're doing things to people, not for the community. You know, we want it to be compatible. And we hope that's the direction we're going with this," Shelton said.
Construction of the biggest speculative industrial project in the Charleston region kicks off this week with a groundbreaking event for the 1.1 million-square-foot development at Crossroads Logistics Center in Summerville.The site, near the Jedburg Road exit on Interstate 26, is being built out by a partnership between Citimark Realty and Pure Development. The Indianapolis companies formed Citimark Pure Charleston LLC to buy roughly 131 acres fronting I-26 for $8.75 m...
Construction of the biggest speculative industrial project in the Charleston region kicks off this week with a groundbreaking event for the 1.1 million-square-foot development at Crossroads Logistics Center in Summerville.
The site, near the Jedburg Road exit on Interstate 26, is being built out by a partnership between Citimark Realty and Pure Development. The Indianapolis companies formed Citimark Pure Charleston LLC to buy roughly 131 acres fronting I-26 for $8.75 million last year.
Their first building will eclipse by 10 percent the previous record for a local “spec” project — a 1 million-square-foot structure at the nearby Charleston Trade Center.
The Crossroads project is scheduled for completion by late 2022. Plans call for three more buildings to rise in two phases totaling an additional 1.53 million square feet at the Berkeley County site.
Wednesday’s groundbreaking will feature speakers from the State Ports Authority, operator of the Port of Charleston, as well as commercial real estate firm CBRE Inc., which is marketing the project.
The term speculative in this instance means that no tenants have been secured at the time construction begins.
While such projects continue to grow in size and scope, they still don’t approach the region’s biggest-single industrial property. That distinction belongs to the cavernous 3 million-square-foot import hub built just up I-26 in Dorchester County for retail giant Walmart.
The Crossroads project is part of a boom in speculative industrial-grade real estate deals in the Charleston area, particularly along the I-26 corridor from North Charleston to Ridgeville. Almost all of it is being driven by the need to store and sort goods that retailers are importing through Charleston.
Mike White, broker in charge of Daniel Island-based Charleston Industrial, said about 5.1 million square feet of “Class A” space is set to open by the end of this year. Most of that space will be snapped up before a certificate of occupancy is issued, he added.
“The conditions of a high demand and low volume of space available will continue,” White said.
CNN will feature Charleston in its upcoming fourth season of “The Wonder List with Bill Weir,” but it’s not looking to be yet another wonderful tourist piece.
The series is now part of the content catalog at CNN+, the cable network’s subscriber-based streaming service.
The four new shows will focus on “fascinating locations at a critical crossroads brought on by climate change,” according to a written statement last week.
The season kicks off April 21, on the eve of Earth Day.
Weir, who has been CNN’s climate correspondent for about a decade, will anchor reports from Montana, Greenland and Hawaii as well as coastal South Carolina.
In its statement, the network suggested that the Charleston episode will look at the “surging seas and frequent floods” that “batter one of America’s most storied cities and the critical reminders of its slave trade past.”
A North Charleston-based global textile manufacturer’s next stop in its 232-year journey is in the Lone Star State.
AstenJohnson, which makes specialty fabrics for industrial customers such as paper mill operators, recently picked Waco, Texas, for a new 220,000-square-foot plant that will employ 36 workers.
The $40 million factory is expected to open in 2023 and will make “nonwovens,” a widely used material formed by bonding synthetic fibers through either a chemical, mechanical or heating process.
In this case, the specialty textiles to be made in Waco will be sold to manufacturers in the automotive, aerospace, filtration and piping industries, among others.
A local economic development group provided the 36-acre plant site, and the company qualified for $2 million in public financial assistance from the city and county, according to a report in the Waco Tribune-Herald.
“The long-term prospects for our nonwovens business are excellent,” CEO Kevin Frank said in a written statement. “Customer demand for our products has only been growing. This investment will allow us to satisfy the increasing demand and continue to offer more products and innovation.”
The global company expanded into the nonwoven sector when it acquired a Missouri-based manufacturer in 2014. It bought another plant a few years ago in New Hampshire.
AstenJohnson traces its corporate ancestry to a family-owned wire business that was started in 1790 in Manchester, England. It’s now headquartered on Corporate Road. Its only South Carolina plant is in Clinton.
Boeing South Carolina’s science-and-math-focused education program has learned that it’s reached a major milestone.
The manufacturer, which makes its 787 Dreamliner in North Charleston, announced last week that more than 1 million students had participated in DreamLearners, a STEM-heavy instructional outreach it launched about 10 years ago in the Palmetto State.
As part of the program, school kids have toured the Boeing South Carolina campus and have had the program come to them in their classrooms. During the COVID-19 pandemic, DreamLearners went virtual.
Students do a hands-on paper airplane activity and learn about careers in the core STEM elements of science, technology, engineering and math, as well as advanced manufacturing and aerospace.
More than 7,600 Boeing employees have volunteered to participate in DreamLearners, the company said.
Boeing celebrated hitting the seven-figure milestone last week at North Charleston Elementary School, not far from its 787 Dreamliner campus.
A Charleston-born business built from formal-wear feathers made famous by celebrities has fashioned a new formation to fete its decade-old creations.
Brackish, a bow-tie retailer that launched after groomsmen’s wedding gifts made from turkey feathers proved popular, is toasting its 10 years in business with a new neckwear adornment called “Cheers.”
The latest version features a turkey feather in the center, a nod to the original design. Its colors — blue, white, green and others — are meant to reflect the Palmetto State from the salty Atlantic to the rolling hills of the Upstate.
Owners Ben Ross and Jeff Plotner, friends from their college days at Wofford, say the commemorative and limited-edition tie “instantly invokes good times with family, friends and, in this case, feathers.”
Edwin Hughes figures he’s spent about half of his adult life at Charlotte Douglas International.
As a member of American Airlines’ Executive Platinum club, he is a frequent visitor to the big Queen City airport, which serves a major hub for the carrier.
Now he has a new place to spend his layovers. A passenger lounge concept that’s already available at Charleston International recently opened its doors at Charlotte Douglas.
The Airports Dimensions-operated Club CLT in Concourse A made its debut March 30. It’s open daily from 5 a.m. to 9:30 p.m. and seats 105. Hughes, who lives in West Ashley, said it’s a welcome refuge from the hustle and bustle at the North Carolina travel waystation that accommodated more than 43 million passengers in 2021.
“If you’ve got a long layover and you need to get some work done or just relax, it’s a great extra amenity,” said Hughes, who travels about 40 weeks out of the year. “If you fly out of Charleston, you’ll either have to go through Charlotte or Atlanta on most flights, so it’s nice to have this place to go if you’re an American flyer.”
Anyone can access the lounge with a $45 day pass. Club CLT is also available to Priority Pass members, a lounge access membership that starts at $99 a year. Customers in the lounge are limited to a three-hour maximum stay. Food and drink are complimentary with entry.
The Club concept also has outposts in Atlanta, Baltimore, Cincinnati, Las Vegas, Pittsburgh and 10 other U.S. airports. Club CHS at Charleston International opened in mid-2019.
Located at the corner of Berlin Myers Parkway and Highway 78, a 57-acre multi-use property will bring new development to the Summerville area by early 2025.SUMMERVILLE, S.C. (WCSC) - Located at the corner of Berlin Myers Parkway and Highway 78, a 57-acre multi-use property will bring new development to the Summerville area by early 2025.The property, named Sawmill, will include 474 multi-family apartment units, offices, restaurants, hotels, stores, banks, outdoor spaces and a 40,000-square-foot ...
Located at the corner of Berlin Myers Parkway and Highway 78, a 57-acre multi-use property will bring new development to the Summerville area by early 2025.
SUMMERVILLE, S.C. (WCSC) - Located at the corner of Berlin Myers Parkway and Highway 78, a 57-acre multi-use property will bring new development to the Summerville area by early 2025.
The property, named Sawmill, will include 474 multi-family apartment units, offices, restaurants, hotels, stores, banks, outdoor spaces and a 40,000-square-foot Roper St. Francis facility.
Summerville spokesperson Mary Edwards said the task to get the development started was a long process.
“It’s something that people have been wanting for a long time, and council has really supported the developers, too. It’s a big deal for us; I mean, it’s a new big development that’s coming to our area,” Edwards said. “It’s something that’s needed. It’s something that the public has really wanted.”
The developers, Lee & Associates, said in a news release that “a new walkable community designed to better connect residents with the fun they want and services they need will be anchored by a major healthcare system.”
Although not everyone in the area is excited about the new development. Some members of the Summerville community shared their concerns on a Facebook post with over 400 comments mentioning traffic problems, school enrollment and housing availability.
Located near the development, the Spinx gas station may see increased traffic with the upcoming construction. Employee Rona Emons, shared her concerns.
“I don’t think we can really handle it because this road is already always backed up; it’s already hard to get in and out of the store,” she said. “I think that’s going to make it a lot worse unless they try to widen the road somehow, which I don’t know how they can do that. But yeah, it’s going to cause a lot of congestion in this area.”
In response to the concerns, Edwards said the city and developers studied research before deciding if the project was appropriate for the area.
“The town is growing really fast,” Edwards said. “So, we know that people want to come here, and they want to experience the area. We want to be able to provide these types of options for people when they come.”
Construction on the health care facility and multi-family apartment units will begin in early 2023.
“I’m kind of excited,” Emons said. “I’d like to get out. You know, it’d be nice to see something new in this area. So yeah, I’m looking forward to it in some ways, and otherwise, I’m kind of a little leery of it.”
Overall, the project is expected to cost $200 million.
Copyright 2022 WCSC. All rights reserved.
CHARLESTON, S.C. (WCSC) - ST. GEORGE, S.C. (WCSC) - Two massive warehouses will soon be coming to Dorchester County after the council voted to go into an agreement with an industrial developer.The council unanimously approved an agreement with developer Dalfen Industrial that will see the warehouses, totaling over half a million square feet, to be built near Summerville.The 75-acre complex is located off Deming Way near Hodge Road, which is less than a mile from the Dorchester County Jail. The developer will spend just under $4...
CHARLESTON, S.C. (WCSC) - ST. GEORGE, S.C. (WCSC) - Two massive warehouses will soon be coming to Dorchester County after the council voted to go into an agreement with an industrial developer.
The council unanimously approved an agreement with developer Dalfen Industrial that will see the warehouses, totaling over half a million square feet, to be built near Summerville.
The 75-acre complex is located off Deming Way near Hodge Road, which is less than a mile from the Dorchester County Jail. The developer will spend just under $49 million dollars to build the complex, but it’s unclear how many jobs will be created.
John Truluck, the county’s director of economic development, says the development will only benefit county residents.
“It could be that they are able to get a job there,” Truluck said. “They may be driving 20 or 30 miles to work, and they may be able to find a job much closer to them, which even for the same pay would be a raise because they’re not paying for gas money, and that’s time they’re not having to spend on the roads.”
On their website, Dalfen Industrial said the site will be home to two distribution centers, and that some of their tenants include giants like Amazon, U-P-S and FedEx.
Truluck says the county bringing in development like this can help combat inflation, leaving taxes low for county residents.
“The government can raise more money by imposing higher taxes on the people that are already here, or they can bring in new businesses that pay those additional taxes, so they’ll get more services for the same money, in essence,” Truluck said.
Tommy Feagin has lived in Dorchester County since the 1960s.
He hopes the money coming in from these developments will help pay for more infrastructure projects in the future.
“We need a lot more infrastructure because things are stopped up terribly,” he said. “We have several, several, several bottlenecks. Dorchester Road, you can’t get up and down. I-26, you can’t get in and out of Charleston.”
County officials said they expect the two warehouses to be completed in about a year.
What ultimately goes in those warehouses depends on who the developer leases the buildings to.
Copyright 2022 WCSC. All rights reserved.