Commercial real estate brokers in Ridgeville, SC

Commercial Real Estate Ridgeville, SC

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.

Service Areas

The Coldwell Banker Commercial Atlantic Difference

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.

 Commercial Real Estate Brokers Ridgeville, SC

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 Ridgeville, 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:

  • General Brokerage and Commercial Real Estate Leasing Services
  • Commercial Investment Analysis
  • Commercial Property Management
  • Commercial Property Development
  • Commercial Construction and Project Management
  • Disposition, Acquisition, and Work-Out Properties

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.

Commercial Real Estate Ridgeville, SC

Why Hire a Commercial Real Estate Broker in Ridgeville, SC?

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.

Save Money

Save Money

Unsurprisingly, money is one of the biggest reasons why people steer clear of CRE brokers - for the cost savings. Yet, just about every commercial real estate transaction is managed by a commercial real estate brokerage. Why might that be? The answer is that smart business owners, executives, and investors know that the most lucrative cost savings stem from good planning, time management, and successful negotiations. Only an experienced commercial real estate broker can provide you with those features while also properly structuring your commercial real estate deal.

Manage Your Time

Manage Your Time More Effectively

Commercial real estate investors and business owners often have jam-packed schedules with little time to spare for anything other than day-to-day operations. If that sounds familiar, you know how crucial time management is for commercial real estate. By working with a seasoned broker, you can uphold your daily responsibilities while they provide guidance and manage the minutia of your CRE dealings.

Specialized Systems

Access to Specialized Systems and Data

Reputable commercial real estate brokerages provide access to a bevy of information that is pertinent to your commercial real estate goals. We're talking vacancy and absorption rates, the latest sales price data, comparative labor and tax costs, and more. Your broker will help break down this information so that you can make the most informed decisions possible. Brokerages like Coldwell Banker Commercial Atlantic also have systems and software to facilitate complex real estate processes while eliminating unneeded costs. The combination of accumulated data and exclusive systems results in a more cost-effective, efficient way to meet your real estate requirements on terms that are beneficial to you.

Success and Experience

Years of Success and Experience

As is the case with most things in life, practice and repetition are essential in honing skills and achieving business success. The truth is that no amount of money or "how to" articles can suffice for decades of real-world, hands-on experience. Sure, you can find a litany of commercial real estate info online. But those articles won't teach you about navigating the nuances of structuring advantageous purchase terms or completing complicated due diligence tasks. A successful commercial real estate broker in Ridgeville, SC, will have no problem executing these often-confusing processes because they've done it dozens and dozens of times before. This priceless experience is your best resource for successful commercial real estate initiatives.

Service Integration

Service Integration

One of the biggest advantages of working with a commercial real estate brokerage is their ability to provide necessary services that are relevant to your real estate needs. As a Coldwell Banker Commercial affiliate, we are part of a network that allows us access to accounting, legal, and other services needed on your real estate journey. Finding and vetting these services can be very costly and time-consuming, which is unneeded stress that we're happy to remove from your plate.

Purposeful

Purposeful and Engaging Marketing

For any project to be successful, a strategic marketing plan must be implemented to achieve the desired results for our clients. The methods of exposing and promoting a property must be creative, innovative, and unique to your property. At Coldwell Banker Commercial Atlantic, we utilize the most effective methods that make sense for your property in South Carolina, including:

  • Print Materials
  • Digital Marketing
  • Design Renderings
  • Photography
  • Weekly and Monthly Advertising
  • Affiliation Marketing
  • Signage
  • More
Negotiating Acumen

Negotiating Acumen

If you're reading this page, chances are you're successful to some degree and have entered negotiations a time or two in your professional life. While that's nothing to sneeze at, the art of negotiating in the commercial real estate industry is a skill that must be honed over years of transactions. In the world of CRE, transaction negotiations are often time-consuming and stressful - two things you don't need in your life. Your commercial real estate broker will use their experience to relieve you of that stress so that you can focus on growing your business or serving tenants.

Knowledge of Local Markets

Knowledge of Local Markets

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 Ridgeville, 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.

Brief Overview A Brief Overview of Our Specialties

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.

Brokerage
General Brokerage and Leasing Services

We're proud to say that our commercial real estate brokers in Ridgeville, 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.

Property Management
Property Management

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.

Construction Management
Project and Construction Management

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.

Investment Analysis
Investment Analysis

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.

Property Development
Property Development

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.

Acquisition
Acquisition, Disposition, and Work-Out Properties

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 ‘troubled properties.' Our firm incorporates its spectrum of services to efficiently turn these properties around and improve their value for ultimate disposition.

 Commercial Real Estate Brokers Ridgeville, SC

Time-Tested Tips for Commercial Real Estate Investing

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.

Take Your Time

Take Your Time

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.


Keep an Open Mind

Keep an Open Mind

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.


Financing

Search for Great Financing Before Making Offers

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.


Learn the Appropriate

Learn the Appropriate Formulas

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.


Real Estate

Lean On Your Commercial Real Estate Agent in Ridgeville, SC

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.

Commercial Real Estate Ridgeville, SC

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Latest News in Ridgeville, SC

Second phase of Camp Hall Commerce Park campus 4 construction begins in Ridgeville

RIDGEVILLE, S.C. (WCIV) — Phase two of construction of the Campus 4 in Camp Hall Commerce Park is underway.The second phase involves the construction of a 1,123,360-sq-ft industrial facility on 110.6 acres of land.“We’re proud of the progress we’ve made on Phase I of this project, and our team is excited to carry that momentum through to Phase II. Camp Hall is an expertly planned, best-in-class park, and we’re honored to be involved in the full development of Campus 4," said Keith Horton, seni...

RIDGEVILLE, S.C. (WCIV) — Phase two of construction of the Campus 4 in Camp Hall Commerce Park is underway.

The second phase involves the construction of a 1,123,360-sq-ft industrial facility on 110.6 acres of land.

“We’re proud of the progress we’ve made on Phase I of this project, and our team is excited to carry that momentum through to Phase II. Camp Hall is an expertly planned, best-in-class park, and we’re honored to be involved in the full development of Campus 4," said Keith Horton, senior project manager at Frampton Construction.

Read More: Clyburn: $25M in federal funding for new railway tracks to support Camp Hall Commerce Park

The Camp Hall project was designed and promoted by Santee Cooper in partnership with the South Carolina Department of Commerce, Berkeley County, Edisto and Berkeley Electric Cooperatives, the South Carolina Power Team, the Charleston Regional Development Alliance, and the South Carolina Ports Authority.

“The full development of Campus 4 at Camp Hall Commerce Park gives Portman Industrial a substantial land position with state-of-the-art logistics facilities in the highly constrained Charleston market. Campus 4 provides us with the ability to target a diversity of tenants desiring smaller, single-load facilities that have been the hallmark of Charleston’s tenant demand,” says John Gaskin. “Campus 4 also fills a void in immediate supply of cross-dock logistics facilities of +/- 500,000 square feet and +1,000,000 square feet, which are in short supply in Charleston and desired by present and future port customers.”

Frampton Construction Company, LLC. is leading the construction project.

Read More: McMaster touts new Volvo Car University, electric vehicle investment in Ridgeville

Phase one of the Campus 4 construction is still underway. It includes three industrial facilities with a combined 940,000-sq-ft. That phase is over 60% leased at this time.

Last June, nearly two dozen miles of new railway track were given federal funding to the tune of $25 million.

The money was slated for the South Carolina Department of Commerce's Palmetto Railways division to construct approximately 22.7 miles of new track and related facilities. This will connect the Camp Hall Commerce Park in Ridgeville to the CSX multi-state rail network.

Lavel 'Tyler' Davis Jr. remembered with candlelight vigil in Ridgeville Sunday

RIDGEVILLE, S.C. (WCIV) — The Ridgeville community gathered Sunday evening to reflect on and honor the memory of Lavel "Tyler" Davis Jr., a victim of a shooting on the University of Virginia campus.“Lavel was the type of person who wanted to reach back and bring everyone with him and it was that pay-it-forward mentality that I love the most," said Anitra Doctor, who grew up in Ridgeville with Davis.Read More: ...

RIDGEVILLE, S.C. (WCIV) — The Ridgeville community gathered Sunday evening to reflect on and honor the memory of Lavel "Tyler" Davis Jr., a victim of a shooting on the University of Virginia campus.

“Lavel was the type of person who wanted to reach back and bring everyone with him and it was that pay-it-forward mentality that I love the most," said Anitra Doctor, who grew up in Ridgeville with Davis.

Read More: Woodland football team to honor Lavel Davis Jr. with UVA stickers, moment of silence

Davis was known as a football star at the University of Virginia, but in his hometown he was more.

“Lavel had natural leadership ability from the time he was small, people naturally gravitated towards him and were drawn to him and that was something you didn’t see in people that age," said Calvin Lenning, a coach from Woodland High School.

Hundreds of people came out to Sunday's vigil to light a candle for Davis's love, peace, and faith.

Lavel 'Tyler' Davis Jr. remembered with candlelight vigil in Ridgeville Sunday. (WCIV)

“Lavel was a loving young man who loved everybody and I think that’s representative of everyone who came out tonight to celebrate his life, his love, his legacy, and his memory and we just want the world to know what we got to experience first hand," Doctor said.

As a football alum from Woodland High, coaches said he was an inspiration.

“The love he had for the game, the love he had for his teammates, his coaches, his community, is woven so deep in our program that these guys that were playing this year were feeding off of the love that he displayed," Lenning said.

Read More: Former Woodland High School football player Lavel Davis Jr. killed in UVA shooting

Friends also shared their favorite memory of Davis.

“I just remember having to prepare myself for practices because I remember he was going to give it his all every day, whether it was scoring touchdowns or hitting me as hard as he could, I could see that playing with him by my side was the best feeling," said Mark Parsons, whose son was best friends of Davis.

Despite the time of sadness, the town of Ridgeville came together to heal.

Read More: Police working to determine motive in UVA shooting as Virginia AG begins external review

“I think Lavel would say this is the Ridgeville that he experienced, this is the Ridgeville that he wanted the world to experience and I think that was evident today," Doctor said.

A GoFundMe has been set up in memory of Davis. As of Monday morning, it had raised more than $183,000 towards a goal of $200,000.

State officials announce I-26 widening in Berkeley and Dorchester Counties

Construction on Interstate 26, widening it to three lanes each way in parts of Berkeley and Dorchester Counties will begin soon.RIDGEVILLE, S.C. (WCSC) - Construction on Interstate 26, widening it to three lanes each way in parts of Berkeley and Dorchester Counties will begin soon.State officials gathered Tuesday to announce the official start of construction on seven miles between Jedburg Road and SC-27. SCDOT says the stretch initially was set to cost $218 million. But thanks to the legislature approving $320 million in June,...

Construction on Interstate 26, widening it to three lanes each way in parts of Berkeley and Dorchester Counties will begin soon.

RIDGEVILLE, S.C. (WCSC) - Construction on Interstate 26, widening it to three lanes each way in parts of Berkeley and Dorchester Counties will begin soon.

State officials gathered Tuesday to announce the official start of construction on seven miles between Jedburg Road and SC-27. SCDOT says the stretch initially was set to cost $218 million. But thanks to the legislature approving $320 million in June, the project is being moved up an estimated six years.

Gov. Henry McMaster addressed the officials gathered saying South Carolina is booming in terms of business and tourism.

“In a nutshell, this is the product and the result of a vision, common sense, talent and determination by the people that are here today. That commerce is thriving in South Carolina and there really is no end in sight. We’re doing it right,” McMaster says.

SCDOT estimates more than 22 million vehicles use I-26 every year. That includes tourists, families, trucks and commuters. Rick Todd is the President & CEO of S.C. Trucking Association, a 90-year-old alliance of businesses. He calls I-26 the central nervous system of the State of South Carolina for tourism, commerce and commuters.

“Our transportation distribution and logistics sectors thrive on efficiency. Efficient use of time, equipment and fuel, all of which is very costly. So when this corridor opens up and spreads out, that velocity will become even greater. And that is the competitive advantage and the quality of life improvement that our leaders are investing in,” Todd says.

McMaster and others noted that as South Carolina grows as a hub for major business and manufacturing headquarters, the infrastructure needs to grow at the same rate. Sara Hazzard is the President & CEO of the S.C. Manufacturers Alliance. She says more than 5,000 call South Carolina home creating an estimated annual economic impact of more than $200 billion.

“As manufacturers continue to confront and tackle global supply chain disruptions, it is more important than ever that South Carolina to improve and modernize our state’s transportation infrastructure system which is critical to manufacturers’ success,” Hazzard says.

The stretch from mile marker 187 to mile marker 194 is all part of a nearly $2 billion investment widening from Charleston to Columbia. Bob Morgan is President & CEO of the S.C. Chamber of Commerce. He says South Carolina is the 10th fastest growing state in the country and projects like widening I-26 are an essential part of continuing to grow.

“This will help companies address the supply chain challenges that are so critical. It will help them get product to market faster. It will help all companies who enjoy the river of commerce here and elsewhere in our state.”

SCDOT awarded Banks Construction the bid for work. SCDOT Secretary of Transportation Christy Hall says the company is pledging that $13 million in work on this project will be done by small and minority-owned businesses with the majority of materials being sourced from South Carolina.

“All of that is homegrown and is amplifying the impact of a single road project. Think about that. The ramifications of what that investment does to our economy,” Hall says.

Hall says the state is looking forward to announcing more portions of the project next year.

Copyright 2022 WCSC. All rights reserved.

Walmart Celebrates Grand Opening of South Carolina Import Distribution Center

RIDGEVILLE, S.C.--(BUSINESS WIRE)--This morning, Walmart associates and managers joined local residents and elected officials for the grand opening of Walmart’s highly ...

RIDGEVILLE, S.C.--(BUSINESS WIRE)--This morning, Walmart associates and managers joined local residents and elected officials for the grand opening of Walmart’s highly anticipated $220 million Import Distribution Center in Ridgeville, S.C. The event featured remarks from Governor Henry McMaster and Mike Gray, SVP Supply Chain Operations, Walmart; as well as a congratulatory video from John Furner, President and CEO, Walmart; and concluded with a ribbon cutting ceremony.

“Our team of more than 980 associates from Dorchester County and the surrounding communities are excited to officially open the doors to our new Import Distribution Center,” said Jeff Holzbauer, general manager, Import Distribution Center #8980, Walmart U.S. “South Carolina is home to some of the country’s most convenient and efficient modes of transportation, including the Port of Charleston and Interstates 26 and 95. Being a member of this community means having the advantage of the region’s existing infrastructure as well as a pool of experienced associates familiar with it. Cutting this ribbon today signifies our commitment to that community.”

“Walmart has been a long-time partner of South Carolina, and as years have passed, they have continued to double-down on their commitment to our people and reinvest in our state,” said Governor Henry McMaster. “Walmart hasn’t only created thousands of jobs in our state – it has become an integral part of the communities in which it operates. Today’s celebration is the result of our state working hard to be the ideal place to do business and a company recognizing the benefit of having our incredibly skilled workforce and premier ports system in its backyard.”

Business Friendly Location Featuring Deep-Water Access

Dorchester County was selected as an ideal location due to South Carolina’s business friendly environment as well as the proximity to the nearby deep-water Port of Charleston. The new Import Distribution Center will store and sort imported goods that arrive through the Port of Charleston– the country’s eighth-largest port—for delivery to 850 regional Walmart and Sam’s Club locations across the Southeast. Once fully operational, the facility is expected to increase local port volumes by approximately five percent.

“Walmart is the recognized leader in supply chain innovation and performance. Having this world-class company choose our market for their seventh import distribution center is the ultimate vote of confidence in SC Ports and in South Carolina, further solidifying SC Ports as a leader in retail distribution,” SC Ports CEO Jim Newsome said. “The strategic investments we have made in port infrastructure enable SC Ports to support global retailers’ supply chains. We are thrilled to partner with Walmart to further their growth and impact for years to come.”

“We know our customers count on us for a broad assortment, and this new import distribution center will give us expanded access to seaports, in turn allowing us to deliver a wide selection of merchandise from around the globe,” said Mike Gray, SVP Supply Chain Operations, Walmart. “We also strive to be a store of the community and are proud of how we’ve been able to leverage our investments in supply chain to create economic opportunity and jobs for the Dorchester County area.”

Facility Surpasses Initial Hiring Goal

During the grand opening event, Holzbauer shared that the new facility is well on its way of surpassing its initial hiring goal of 1,000. Working alongside the Department of Commerce, Walmart expects to soon employ more than 1,300 local full-time associates at the new facility.

“We are actively staffing Ridgeville with a team that will play an important role in serving our customers,” said Andrew Dale, Senior Director of US Supply Chain People, Walmart U.S. “Walmart is dedicated to the training and development of its associates. Each of the positions we’re currently hiring for in Ridgeville, brings with it a pathway of lifelong career opportunity that with Walmart’s scale has industry changing impact. Walmart is full of everyday people doing extraordinary things.”

Continued Investment in South Carolina Community

During the grand opening ceremony, Walmart celebrated its commitment to the community by proudly presenting $10,000 to Going Places, a local non-profit organization whose mission is to bring joy to kids-in-need through the gift of bicycles.

“Dorchester County is excited to welcome the Walmart Import Distribution Center to Ridgeville. We value Walmart as a partner in community and economic development and appreciate their investment in our area,” said Bill Hearn, Chairman, Dorchester County Council. “A project of this magnitude requires a great deal of coordination, and we thank all of our allies, including the South Carolina Ports Authority, who made this possible.”

The new Ridgeville facility is located at 1030 Timothy Creek Rd. The three million square-foot facility (equivalent in size to 52 football fields) will become Walmart’s first Import Distribution Center in the state of South Carolina to leverage the port.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, approximately 230 million customers and members visit approximately 10,500 stores and clubs under 46 banners in 24 countries and eCommerce websites. With fiscal year 2022 revenue of $573 billion, Walmart employs 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart.

About Walmart in South Carolina

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online and through their mobile devices. In South Carolina we serve customers at 122 retail units and online through Walmart Online Grocery, Walmart.com and our family of brands. We are proud to employ more than 35,000 associates in South Carolina. Walmart supports local businesses, spending $1.6 billion with South Carolina suppliers in FYE 2021 and supporting more than 22,000 South Carolina supplier jobs. Walmart continues to be a leader in employment opportunity, sustainability, and corporate philanthropy. In FY21, Walmart and the Walmart Foundation contributed more than $15 million in cash and in-kind donations to local nonprofits in South Carolina. Additional information about Walmart can be found by visiting our corporate website and our Instagram, Facebook and Twitter channels.

Volvo: Ridgeville US Plant Will Be First To Go 100% Electric

Volvo Cars intends to fully electrify its three-year-old plant in Ridgeville, South Carolina, which currently makes the S60 model.Earlier this month, Volvo and Polestar announced that the Ridgeville plant will produce the upcoming all-electric Polestar 3 performance SUV, star...

Volvo Cars intends to fully electrify its three-year-old plant in Ridgeville, South Carolina, which currently makes the S60 model.

Earlier this month, Volvo and Polestar announced that the Ridgeville plant will produce the upcoming all-electric Polestar 3 performance SUV, starting in 2022. For Polestar, it's important to produce cars in the U.S., as the Polestar 2 produced in China is affected by a 27.5% tariff on China-made vehicles.

Volvo will invest an additional $118 million into the site and produce there also the upcoming new all-electric Volvo XC90, based on Volvo Car Group’s next-generation electric architecture, starting in 2022.

As we understand, both models will be based on the new Scalable Product Architecture (SPA2), which will be dedicated to BEVs, compared to the first SPA that was designed to handle ICE and PHEVs for 60- and 90-series cars.

Volvo Cars CEO Hakan Samuelsson said that the Ridgeville plant will be the first to make use of the new platform, and first to go 100% electric:

"...first company factory in the world building our all-new-generation all-electric cars — before Europe and before China. This factory will ... also be the only plant in the Volvo Group which only makes full-electric cars."

"We have developed a new technology, including an all-new architecture, which is all-electric. No compromises,"

This one statement immediately raises the question of what will happen to the S60 ICE/PHEVs then? The S60 has been produced since August 2018, but according to Automotive News' article, less than 26,500 were produced in 2020, which is a small part of the plant's capacity of 150,000 annually. We guess that S60 will be electrified as well, probably also with the SPA2 platform.

According to the article, Volvo is finalizing its supply agreements for BEVs and soon will chose a battery supplier for the Ridgeville plant.

A matter of speculation is that the plant will produce also the all-electric successor to the Volvo XC60 model that will be powered by Northvolt battery cells.

By 2030, Volvo will go 100% battery-electric anyway, so it's just a matter of time when plant after plant will get rid of ICE manufacturing lines.

See also

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