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| North Rhett Commerce Center, 5801 North Rhett, Charleston, SC |
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| Chris Norvell |
CHARLOTTE, NC –– Holliday Fenoglio Fowler,
L.P. (HFF) announced it has closed the $29 million sale of a two-building,
rail-served industrial distribution complex totaling 511,891 square feet in
Charleston, South Carolina.
HFF marketed the property
on behalf of the seller, Beacon Partners.
CenterPoint Properties Investors purchased the asset.
North Rhett Commerce Center features up to 32’ clear heights, 44 dock-high
loading doors, two drive-in doors and 20 rail doors served by an active CSX
rail spur that links the property directly to the adjacent Port of Charleston
North Container Terminal, the most productive port in the nation and one that
can handle post-Panamax vessels.
The two buildings are 81.5
percent leased to Frontier Logistics, JBE Incorporated and Wainwright
Industries, Inc.
Situated on 34.12 acres
at 5801 North Rhett, North Rhett Commerce Center has direct access to
Interstates 526 and 26 and Charleston International Airport. The complex is located in the Berkeley County
submarket.
The HFF investment sales
team representing the seller was led by senior managing directors Chris Norvell and Bruce Strasburg.
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| Bruce Strasburg |
“Investor appetite for
industrial real estate in Charleston is proving to be very robust, which is not
surprising given the amazing storylines in the market,” Norvell said.
“Manufacturing job growth, expanding ports
and a stellar quality of life are significant green lights for national
industrial investors.”
Beacon Partners is a full-service commercial
real estate firm that has developed and acquired office and industrial
buildings throughout North and South Carolina for more than 25 years.
Today,
the company leases, owns or manages more than 10 million square feet of
property. For more information, visit http://beacondevelopment.com.
CenterPoint Properties (CenterPoint)
is a market leader in the development, redevelopment, acquisition and
management of industrial real estate and transportation infrastructure to
enhance business and government supply chain efficiency. The company invests in
major coastal and inland port logistics markets anchoring North America's
principal freight lanes. Visit http://centerpoint.com/
for more information.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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