Commercial real estate brokers in Jedburg, SC

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.

Designed to serve a variety of users

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.

READ ALSO: Heightened Industrial Demand Boosts New Lease Rates

The industrial project is the largest option near the Port of Charleston for companies looking for an intermodal distribution point in the Southeast region, Stonemont Managing Principal & CEO Zack Markwell said 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.

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.

No wonder?

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.”

Material event

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.

1M milestone

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.

Hey, bow

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.”

Lounging about

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.

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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.

A large Berkeley County tract near the Summerville area's industrial real estate epicenter recently sold for nearly $17 million.

Rushmark Properties paid $16.8 million in late May for about 300 acres along Interstate 26 southwest of Jedburg Road and north of Dawson Branch Road, according to public land records.

The largest chunk of land in the transaction — about 263 acres — was sold by North Charleston Lands Corp. for about $15.3 million. A group of smaller adjoining parcels made up the remainder of the deal.

Business

The property is just west of a parcel off Woodhill Patch Lane near Jedburg Road that was sold for $5.75 million in October to an affiliate of Camping World.

A representative of Rushmark did not respond to a request for comment about the plans for its newly acquired property.

The Falls Church, Va.-based firm has been active in the local market for years. Among Rushmark's previous commercial real estate holdings was a part ownership with Charleston developer and investor Frank Haygood in the S.H. Kress & Co. building at 281 King St. on the peninsula. They sold the art deco-style structure for $19.5 million in 2019.

Now open

A new apartment development is now open on the Charleston peninsula.

Quarterra Multifamily, a subsidiary of single-family homebuilding giant Lennar Corp., and Cresset Partners last week announced the completion of the 303-unit Cormac Apartments where Morrison Drive meets Meeting Street Road.

Real Estate

The rental complex has studio to two-bedroom apartments with monthly rates ranging from $1,500 to $4,000. Residents have access to a controlled-access, three-story, above-grade garage as well as on-street parking and 19 electric-vehicle charging stations.

The complex also features an eighth-floor rooftop terrace with a butler kitchen. Three elevated courtyards can be found on the fourth floor, including one with a pool and clubhouse.

Cormac also includes 13,068 square feet of retail space and a pair of public ground-level courtyards. The moniker comes from the birth name of 18th-century pirate Anne Bonny, who may have lived in Charleston as a child.

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New builder

The company behind a Berkeley County tract as big as the Charleston peninsula is adding its own homebuilder to the lineup of companies already doing business at the site.

Brookfield Residential, which acquired Newland, the former developer of the 5,000-acre Nexton project near Summerville in 2021, plans to build a new collection of townhomes in the mixed-use community as its first project in South Carolina.

The builder is an affiliate of Brookfield Properties, which invests in logistics, hospitality and retail assets. Among its holdings is Columbiana Centre in the Midlands.

The Nexton townhomes will be built in the Midtown neighborhood. The 1,600-square-foot, two-story, three-bedroom properties will be priced starting in the mid-$300,000s.

Real Estate

They also can be outfitted with extra driveway space and a one- or two-car garage. Pre-sales will begin mid-summer with a model residence opening later this year.

Builders in Nexton have sold more than 2,600 homes to date. At completion, it's projected to have more than 7,000 dwellings, or about 17,500 residents, making it as big as the populations of Moncks Corner and Georgetown combined.

Other Nexton builders include Ashton Woods, Centex, David Weekley, Del Webb, Homes by Dickerson, New Leaf, Pulte Homes, Saussy Burbank and True Homes.

Nexton is owned by a subsidiary of North America Sekisui House LLC and is managed by Brookfield.

Rebranding

A national nonprofit with an office in Charleston that provides apartment companies with pre-screened, trained and ready-to-work talent is now operating under a new name.

The former Shelters to Shutters is now Entryway.

Real Estate

The multifamily industry continues to grapple with high turnover rates for entry-level employees. Entryway offers a unique program that focuses on sourcing talent where hiring managers may not be looking: individuals and families at risk of or facing situational homelessness.

The nonprofit offers training, employment and housing to qualified individuals who aren't living on the street but are close to it.

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Sportswear and underwear manufacturer Fruit of the Loom said it will permanently close its Summerville distribution center in two months, leaving 119 workers without a job.

The 173-year-old company, which was bankrupt when Warren Buffett's Berkshire Hathaway Inc. purchased it in 2002, filed a notice with the S.C. Department of Employment and Workforce this week stating the closure will take place beginning March 22. It will be completed by July 1.

"As a global company operating in a highly competitive marketplace, Fruit of the Loom Inc. is constantly analyzing its business to ensure we remain as competitive as possible," company spokeswoman Melanie Cressman said in a written statement Thursday. "After an extensive review of our distribution network, the decision was made to close the distribution center in Summerville in support of a consolidation strategy."

Cressman said the workers will receive outplacement assistance and other benefits.

"State and local officials have been notified to provide any available assistance as well," she said.

The announcement comes less than eight years after Fruit of the Loom unveiled a major expansion at the Summerville site as part of a plan to boost internet purchases to 7 percent of all sales from 1 percent.

The 402,000-square-foot addition more than doubled the size of the Berkeley County center, providing enough capacity to ship 60 million pairs of T-shirts, boxers, briefs and other casual garments. The site off also sorted and shipped products for major retailers such as Walmart, Target and Kohl's.

Employment at the distribution center between Business Park and Old Dairy roads had dwindled in recent years, from 225 full-time workers when the expansion was announced to about half that amount this year.

This is the seventh layoff notice filed by South Carolina companies so far this year that will eliminate 844 jobs. The bulk of the layoffs are related to German automotive supplier Mahle Behr's announcement that it will close its North Charleston factory by the end of 2024.

A federal lawsuit that Charleston Water System filed against seven major U.S. companies over equipment damage caused by disposable bathroom wipes has been formally settled.

U.S. District Court Judge Richard Gergel approved the terms of the deals after a March 8 hearing.

The agreements are expected to benefit all public U.S. water providers.

Gergel wrote that he found “the settlements reached in this case were the result of a fair process” and were “clearly adequate.” He overruled a minor objection filed by a Maryland utility.

Charleston Water sued a handful of high-profile businesses that made, distributed or sold disposable wipes that were marketed as “flushable,” including Walmart, Costco, Procter & Gamble and Kimberly-Clark Corp.

The public works agency went to court about three years ago after scientific testing traced their products to costly and time-consuming clogs in its pumps and wastewater lines.

Kimberly-Clark, which makes wipes at its Aiken County plant, quickly settled.

The others, including CVS Health, Target and Walgreens, asked that the case be dismissed. Their request was denied, and a trial date had been set for earlier this year. Settlement talks began about 18 months ago.

The terms mirror the Kimberly-Clark deal. The retailers and manufacturers will ensure their products meet higher international “flushability” and disintegration standards by certain deadlines starting in April. Walmart and Kimberly-Clark have already complied.

All of the companies also agreed to follow-up inspections and to change their packaging and labeling to better inform consumers whether the disposable wipes they’re buying are suitable for flushing.

The companies will pay the attorneys for Charleston Water about $1.9 million in legal fees and expenses, according to the settlement agreement.