2010 commercial space & business parks guide

CommerCial SpaCe & BuSineSS parkS GuideFind the right place to grow your economy

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2010 CommerCial SpaCe & BuSineSS parkS Guide 3

dear readers,I am proud to present the 2010 Commercial Space & Business Parks Guide. Inside you’ll find a wealth of

information presented in our statistics and lists, along with the featured properties, that we hope will provide

you with a useful commercial real estate decision-making tool.

The economy sure has given us a wild ride hasn’t it? I was recently in conversa-

tion with several other business leaders and someone said that the recession has been

non-exclusive. Well said, I thought. It has hit us all in one way or another, the only

difference being how well each business, region, state or country was positioned to

take the blow. The Charleston region certainly hasn’t been unscathed. But because

history shows we have always exhibited the ability to bounce back, most local busi-

ness leaders remain cautiously optimistic.

I believe that the diverse mix of assets we possess as a region will allow us to get

ahead of the curve as the economy improves. One of those assets is opportunity for

economic growth due to existing office space, industrial space and available land. Team that with competitive

rates, good infrastructure, a strong business community and a wonderful quality of life, and we have every-

thing one must consider when relocating an existing business or deciding where to set up shop.

The region also possesses a wealth of knowledgeable commercial real estate agents who know what it takes

to grow a business and who have the skills to bring everyone to the table and get the deal done. These agents

are very often on the front lines of economic development efforts and play a vital role in the growth of the com-

munity.

As the economy improves, as it surely must, and real estate deal-flow strengthens, commercial space and

commercial real estate agents will lead the recovery. And here’s hoping that it’s sooner rather than later.

Enjoy,

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Contents

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Commercial bounce-back doesn’t mean market has stabilized ............................................... 16

Commercial market Facts .................................................. 17

retail Trends report — Charleston Q2 2010 ..................... 18

industrial Trends report — Charleston Q2 2010 ............... 18

office Trends report — Charleston Q2 2010 ..................... 21

Featured propertiesCarolina Commerce Park .............24

Montague Oaks Office Park .........25

25 Calhoun ....................................26

Faber Centre .................................27

Parkshore Centre ..........................28

Crosspoint Industrial ....................29

Bank of America Place ................30



Commercial bounce-back doesn’t mean market has stabilized

By Andy [email protected]

In the second quarter of 2010, commercial real estate felt a small bounce-back in the Charleston area, but market experts say the region hasn’t seen the end of recession-era pricing and foreclosures.

Retail rates for commercial real estate have stabilized somewhat, said Reid P. Davis, a principal with Anchor Commercial Real Estate Services in Charleston. But absorption rates of existing inventory have been unstable, he said.

“We’ve had a little absorption last year. I don’t necessarily see absorption being a short-term trend. It’s going to kind of be all over the place,” he said.

Anchor’s six-month report offered a forecast of “guarded optimism” regard-ing the first half of 2010. The report said that sluggish sales have been some-what offset by leasing activity, which is up compared to the last year.

Davis said that sale prices have been all over the place, and, while most sell-ers are motivated to move property, buyers are still in the driver’s seat regarding pricing. Buyers who are flexible can save some cash and hold out for a bet-ter price and have vastly more negotiating power than someone who must be within proximity to the port, for example.

“They’ll pay market rate,” Davis said.The result is instability in market value and pricing because it’s not based on

the market value of the land, but on the buyer’s requirements. Property prices can vary greatly even in the same area.

“Sales prices will continue to be all over the board,” Davis said.Anchor reported that there were more deals completed in the first half of

2010 than in all of last year, but many businesses are still remaining cautious before going forward with a sale or lease.

“Industrial has probably been the brightest spot over the past year or so,” Davis said. “Retail just continues to struggle. Not much has changed for the good or the bad.”

Grubb & Ellis WRS said in its second-quarter market report that retail leas-ing in the downtown Charleston area continued to be strong in 2010, including several vacant spaces that were leased on King Street this year. The commercial brokerage firm also said that sales of retail property are slower than normal and sales for retail investment have been “virtually nonexistent.”

The company attributed that halt in the market to the lack of capital and loans available for commercial real estate deals in most parts of the country.

Grubb & Ells said that demand for industrial space is expected to grow as

Industrial space has been the “bright spot” over the past year. Examples include the joint venture between MeadWestvaco Corp. and Rockefeller Group to develop a 400-acre site near Interstate 26 in Jedberg. TBC Corp. selected the site for a 1.1 million-square-foot warehouse and distribution center over sites in Norfolk, Va., Jacksonville, Fla., and Savannah. (Photo provided)

5 2010 CommerCial SpaCe & BuSineSS parkS Guide

more companies come to the Charleston area to take advantage of anticipated growth. That includes the optimism that followed the Boeing Co.’s announce-ment that it was building a 787 second assembly line in North Charleston, and later that it was going to add an interiors fabrication facility nearby.

Neither announcement has resulted in a significant number of commercial real estate transactions, Davis said.

Few companies have expanded in anticipation of work from Boeing and the aerospace cluster expected to grow around the new plant, but the long-term movement in commercial real estate is further away, Davis said.

“I think the long-term impact for us is huge,” Davis said. “For the area as a whole, it’s a huge feather in our cap.”

He said the short-term benefits likely will be limited to increasing the profile of the Charleston area as a good place to do business, which can be extremely valuable in raising awareness among economic development officials.

Boeing itself has had an impact, at least temporarily, by leasing office space while the main facility is being built. Anchor said the aerospace manufacturer’s office needs have reduced some of the unleased inventory in the Charleston region. The brokerage expects the space to come back on the market in a year or two, when the main Boeing facility is completed.

One area of growth for commercial real estate companies has been in fore-closures and bank-owned properties, commonly known as REOs. Anchor Commercial saw so much opportunity in that area of the market that it hired Gordon Geer as director of special asset/REO management to focus solely on this area of commercial real estate.

“There is a lot of that going on,” Davis said. “(Banks) want to get it unloaded, so they’re pricing it right. A lot of guys have been sitting on the sidelines but you see a lot of interested investors.”

Geer’s job isn’t just finding owners for distressed property, Davis said. He also consults with banks about how to deal with such assets and helps them manage the disposition of property.

Davis said growth in commercial real estate continues to be hampered by the low average sales prices in the Charleston market.

“Once we see that number start to come up, I think that will be good news for everybody,” Davis said. cr

bj

Commercial market FactsThe following is a snapshot of the inventory, absorption and price of commercial real estate in the Charleston region as of September 2010

data set office industrial retailTotal square feet 8.58 million 24.54 million 20.11 million

Available square feet 1.59 million 3.46 million 1.89 million

% Vacant 18.51% 17.08% 9.57%

Rental Rates (NNN) $15.54 $5.17 $16.96

Source: Anchor Commercial Real Estate Services

industrial Sector on the moveSeveral transactions have indicated movement in the warehouse and industrial sectors of commercial real estate, including the following:

Transaction/Company ..............................................................Square footage

SAIC sublease ................................................................................................. 300,000

Boeing interiors facility ................................................................................... 250,000

American Marketing Enterprises ..................................................................... 200,000

Food Handler renewal ..................................................................................... 200,000

TSI lease ........................................................................................................ 175,000

CGM LLC .......................................................................................................... 32,000

Goodwill Inc. ..................................................................................................... 20,300

CMC Construction Services ............................................................................... 12,700

Means Family Trust .......................................................................................... 12,000

Mims Amusement Operating Co. ...................................................................... 10,254

Williman Investments LLC ................................................................................... 9,000

Oberton Holdings LLC ......................................................................................... 3,440

H&J Contracting ................................................................................................. 2,625

Alliance Air Quality Services Inc. ......................................................................... 2,450

BBA Pumps ........................................................................................................ 2,400

Blue Moon Events LLC ........................................................................................ 1,500

Source: Anchor Commercial Real Estate Services

3Q 10 up

3Q 09 down

occupancy

3Q 09 down 3Q 10

up1Q 10

up

absorption

3Q 09 down

rental rates1Q 10 down

3Q 10 down

market Shift

1Q 10 even

Industry experts believe Boeing Co.’s decision to build an assembly line for its 787 in North Charleston and add an interiors fabrication facility nearby will bode well for the industrial space market. (Photo/Boeing Co.)


retail Trends report* — Charleston Q2 2010

By Submarket Total SF (1) Vacant SF (2) Vacancy %

net absorptionunder Const.

SF (3)asking rent (4)Current Qtr. year to date

Downtown Charleston 473,652 27,791 5.9% 1,927 - -

East Cooper 3,368,570 294,147 8.7% 63,121 66,494 60,500 $17.71

Goose Creek 931,333 49,320 5.3% 1,600 41,600 - $12.06

Moncks Corner 419,614 - - 3,000 3,000 - -

North Charleston 5,790,650 752,292 13.0% (5,453) (143,459) 42,437 $15.16

Summerville 2,674,888 247,683 9.3% (10,285) (44,635) - $19.76

West Ashley 4,447920 341,085 7.7% 12,245 14,617 - $11.93

West Islands 1,293,796 205,226 15.9% (43,424) (89,474) - $8.87

Totals 19,400,423 1,917,544 9.9% 22,742 (149,930) 102,937 $14.64By properTy TypeCommunity 2,985,714 510,785 17.1% (16,230) 867 - $12.33

Free-standing 3,509,306 - - - 23,861 - -

Neighborhood 6,821598 1,074,150 15.7% 23,181 (116,370) 60,500 $14.64

Outlet 384,084 4,500 1.3% - - - $22.28

Regional 1,253,280 76,985 6.1% (1,892) (17,292) - $16.35

Specialty/Theme 584,550 34,764 5.9% - (40,450) - $28.00

Strip 1,549,307 157,237 10.1% 11,612 (6,617) 42,437 $15.97

Super-regional 1,971,569 31,332 1.6% 4,144 4,144 - 16.00

Urber Retail 341,015 27,791 8.1% 1,927 1,927 - $22.83

Totals 19,400,423 1,917,544 9.9% 22,742 (149,930) 102,937 $14.71

Notes: (1) Inventory includes multitenant and single-tenant buildings 50,000 square feet and larger.(2) Vacant Space includes both vacant direct and vacant sublease space.(3) Space under construction includes speculative and build-to-suit for lease projects.(4) Asking rates are per square foot per year, full service. Rates for each building are weighted by size of the building.* Grubb & Ellis statistics are audited annually and might result in revisions to previously reported quarterly and final year-end figures

Source: Grubb & Ellis WRS

industrial Trends report* — Charleston Q2 2010

By Submarket Total SF (1) Vacant SF (2) Vacancy %

net absorptionunder Const.

SF (3)

asking rent (4)

Current dtr. year to date WH/distr&d Flex

Berkeley 6,774,030 462,315 6.8% - 11,200 1,100,000 $5.10 $6.86

Downtown 2,682,144 339,760 12.7% (24,450) (38,162) - $3.65 $6.54

East Cooper/Clements Ferry

4,267,749 1,026,463 24.1% 5,709 (49,243) - $5.47 $5.69

North Charleston 18,537,646 2,318,306 12.5% (99,852) 239,539 - $3.98 $6.30

Summerville 7,015,192 1,608,646 22.9% (255,845) (252,345) 60,000 $3.59 $6.44

West Ashley 880,950 167,273 19.0% (600) (8,400) - $4.49 $7.13

Totals 40,157,711 5,922,763 14.7% (375,038) (97,411) 1,160,000 $4.08 $6.23

By property Type Total SF (1) Vacant SF (2) Vacancy %net absorption under Const.

SF (3) asking rent (4)Current dtr. year to dateGeneral Industrial 2,212,490 330,988 15.0% 15,616 4,420 1,100,000 $5.17

R&D/Flex 4,556,396 1,124,858 24.7% (20,467) (24,072) - $6.23

Warehouse/Distribution 33,388,825 4,466,917 13.4% (370,187) (77,759) 60,000 $4.08

Totals 40,157,711 5,922,763 14.7% (375,038) (97,411) 1,160,000 $4.53

Notes: (1) Inventory includes multitenant, single-tenant, and owner-occupied buildings 10,000 square feet and larger.(2) Vacant space includes both vacant direct and vacant sublease space.(3) Space under construction includes speculative and build-to-suit for lease projects.(4) Asking rates are per square foot, per year, triple net. Rates for each building are weighted by the amount of available space within the building.*Grubb & Ellis statistics are audited annually and might result in revisions to previously reported quarterly and final year-end figures. **Because of statistical auditing of property type, many buildings were reclassified from general industrial to warehouse/distribution.


Grubb & Ellis|WRS1415 Stuart Engals Blvd., Mount Pleasant, SC 29464www.wrsrealty.com

Prepared by:Blair Belk Retail Sales & Leasing843.709.9292 • [email protected] Lucy Retail Sales & Leasing843.566.2867 • [email protected]

Charlene Wells Executive Assistant843.725.7200 • [email protected]

Independently owned and operated ©20

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Showing Signs of Strength The vacancy rate in the Charleston, SC MSA increased slightly 20 basis points to 9.9

percent and experienced positive absorption of almost 23,000 square compared with

the end of the first quarter of 2010.. This number can be attributed to the opening of

a couple of retail developments that were previously under construction and are now

reported as occupied. This trend is expected to continue as another Harris Teeter-an-

chored shopping center opened this quarter.

Leasing activity during the second quarter of 2010 has been strong compared to the

previous two quarters. With the recent increase in activity coupled with the relatively

few store closings this should to have a positive impact on vacancy, and eventually, rental

rates. Landlords with existing properties are poised to do well now that tenants are

emerging and resuming their expansion plans. Many national retailers have realized they

must expand to stay competitive and are reaping the benefits of reduced rental rates.

Retail property sales activity continues to be slower than normal and retail investment

sales activity has been virtually non-existent as traditional financing sources continue to

make it difficult to obtain loans for commercial real estate.

Leasing activity in Downtown Charleston has been very strong this quarter compared to

late 2009 and early 2010. Several vacant spaces on King Street were leased during the

second quarter of 2010. This is a trend that will continue over the next several months.

As the number of vacancies decrease, tenants will once again be competing for prime

spaces. The most notable retail announcement this quarter on King Street is that Saks

Fifth Avenue will be closing in July and replaced by Forever 21.

Forecast

n The increase in leasing activity will bode well for vacancy rates over the next several quarters.

n Sales activity will remain slow until credit markets loosen.

n Rates will increase slightly over the next several quarters.

Office Graphs Template

Combined7.4%7.2%8.3%8.4%8.5%8.4%9.7%9.9%

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Weighted Average Rate

CBD Suburban Combined

retail trends report—second Quarter 2010Charleston, SC





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Industrial Trends Report—Second Quarter 2010Charleston, SC


Prepared by:Michael J. Ferrer, CCIM Global Logistics 843.568.3427 • [email protected] P. Garrett, CCIM Industrial Sales & Leasing843.408.8846 • [email protected]

Thomas G. Buist, Jr., SIOR Industrial Sales & Leasing843.442.3888 • [email protected]


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Industrial Graphs Template

Warehouse/Distribution$4.52$4.46$4.61$4.59

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Market Bouncing Along BottomAt the mid way point we continue to see evidence of an improving market, as compa-

nies realize improving revenues, and seek longer-term leases. While the numbers do

not immediately inspire confidence, when we look below the surface, the story is much

more positive. Several large transactions have already taken place this year. Food Handler

has renewed its 200,000-square-foot lease with Pattillo and a mobile home manufac-

turer subleased 300,000 square-feet from Briggs Plumbing. In addition, SAIC subleased

305,000 square-feet from JAG, and Pattillo was awarded the design build for 240,000-

square-foot Boeing cabin interiors plant.

While these deals do not positively impact absorption much, they do help attack the high

availability rate. Rental rate growth is not expected until the glut of cheap sublease space

is removed first. These deals also help the market by creating new jobs to replace the

ones lost by closures and the preservation of jobs by the food handler renewing its lease.

Moreover, the 150 new jobs will be created by Boeing in addition to the 3,800 jobs that

will be created with the assembly plant announced here last fall. The multiplier effect is

already being felt as several mid-size deals have been completed as unrelated industries

look to open locations in Charleston in anticipation of new growth.

A continued reduction in the amount of shadow space is foreseeable as more and more

subleases are back filled or expire; only then with vacancy rate really see a significant

decrease.

Land transactions have been few and far between. During the last 12 months only 24

land properties have traded hands in the entire market, most at 2000 – 2003 prices. Dur-

ing the same 12 month period in ’05-’06, 154 land properties sold. Land will continue to

suffer until banks will consider financing these types of deals again.

FoRecaST

n Vacancy rates will begin to drop by year-end.

n Rent rates will be off the bottom by year-end.

n Long-term leases should return as the norm, and buyers return.

n Demand for space will grow as more companies come to the area to take advantage of future growth in the market.



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9 2010 CommerCial SpaCe & BuSineSS parkS Guide

office Trends report* — Charleston Q2 2010

By Submarket Total SF (1) Vacant SF (2) Vacancy %net absorption under Const.

SF (3)

asking rent (4)

Current Qtr. year to date Class a Class BDowntown 1,811,459 195,709 10.8% (30,861) 11,080 35,000 $27.50 $22.76

CBD Total 1,811,459 195,709 10.8% (30,861) 11,080 35,000 $27.50 $22.76

Daniel Island 1,120,434 245,149 21.9% 15,154 45,797 - $22.33 $19.57

Mount Pleasant 1,525,288 248,671 16.3% 15,028 41,607 - $22.75 $21.13

North Charleston 3,754,014 697,594 18.6% 51,066 207,521 - $22.32 $17.12

West Ashley 1,143,916 196,465 17.2% 6,796 87,165 - $26.56 $22.62

Suburban Total 7,543,652 1,387,879 18.4% 88,044 382,090 - $22.68 $19.43

Totals 9,355,111 1,583,588 16.9% 57,183 393,170 35,000 $23.20 $20.03

By Class Total SF (1) Vacant SF (2) Vacancy %net absorption under Const.

SF (3)

available for SubleaseCurrent Qtr. year to date CBd Suburban

Class A 4,755,308 757,448 15.9% 140,293 351,066 35,000 32,252 37,799

Class B 2,264,609 458,655 20.3% (29,869) 17,978 - 2,099 17,069

Class C 2,315,194 367,485 15.9% (53,241) 24,126 - - -

Totals 9,355,111 1,583,588 16.9% 57,183 393,170 35,000 34,351 54,868

Notes: (1) Inventory includes multitenant and single-tenant buildings 50,000 square feet and larger.(2) Vacant Space includes both vacant direct and vacant sublease space.(3) Space under construction includes speculative and build-to-suit for lease projects.(4) Asking rates are per square foot per year, full service. Rates for each building are weighted by size of the building.CBD – Central Business District* Grubb & Ellis statistics are audited annually and might result in revisions to previously reported quarterly and final year-end figures


Office Trends Report—Second Quarter 2010Charleston, SC


Prepared by:Jeremy Willits Office Sales & Leasing843.270.9205 • [email protected] Chalfie Office Sales & Leasing843.345.6000 • [email protected]

Gregg Legerton Medical Office Sales & Leasing843.830.7236 • [email protected]


10 G

rubb

& E

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WRS

Continued Good News The Charleston, SC office market has made solid strides in the first half of 2010. While

the notable vacancy rate slide that occurred in the first quarter did not repeat, the second

quarter did show improvement from the three year rise in the vacancy rate, dropping for

the second straight quarter.

This decline is the product of several factors, but mostly the absence of any new office

developments. While some companies are shedding extra space through subleasing,

they have been outnumbered by those extending terms or expanding into existing vacant

space. Tenants are beginning to show a willingness to sign longer term leases as they see

the value in the aggressive incentives and lower rates.

The only submarket to see an increase in the vacancy rate is the Downtown Central Busi-

ness District. This submarket has historically had a below market vacancy rate, but in

the past nine months the vacancy rate has inched higher and this quarter reached nearly

eleven percent, the highest such total in four years.

This increase in the Downtown vacancy rate is likely a result of a need to lower occupancy

costs. The average lease rates in the CBD is nearly $5.00 per square foot more than sub-

urban markets. When parking expenses are factored in, this can save a 2,000-square-foot

tenant upwards of $24,000 annually.

On the purchase side several properties have traded hands below $100 per square foot,

such as the purchase of the former Broyhill property on Johnnie Dodds and the sale of the

James Doran building on Daniel Island. These deals could put downward pressure on sale

and lease prices in the coming quarters.

The Charleston office market is far from out of the woods. It is still expected to remain a

tenant/buyer’s market in the coming quarters, but landlords should take solace in the fact

that lease prices have stayed firm and vacancy is decreasing.

FORecaST

n The overall office market vacancy rate dropped.

n Limited office development in sight.

n Tenants are signing longer lease terms.

n Downtown vacancy rate is on the rise.


Combined14.8%14.9%17.7%17.9%17.7%18.4%20.2%21.5%21.2%20.2%17.4%16.9%

0%

10%

20%

30%

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

$16

$20

$24

$28

$32

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

-100

0

100

200

300

400

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

Page 3

Vacancy Rate




Combined14.8%14.9%17.7%17.9%17.7%18.4%20.2%21.5%21.2%20.2%17.4%16.9%

0%

10%

20%

30%

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

$16

$20

$24

$28

$32

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

-100

0

100

200

300

400

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

Page 3


Combined14.8%14.9%17.7%17.9%17.7%18.4%20.2%21.5%21.2%20.2%17.4%16.9%

0%

10%

20%

30%

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

$16

$20

$24

$28

$32

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

-100

0

100

200

300

400

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

Page 3

Absorbed

Class A Class B








10 G

rubb

& E

llis|

WRS

























FORecaST






Combined14.8%14.9%17.7%17.9%17.7%18.4%20.2%21.5%21.2%20.2%17.4%16.9%

0%

10%

20%

30%

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

$16

$20

$24

$28

$32

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

-100

0

100

200

300

400

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

Page 3

Vacancy Rate




Combined14.8%14.9%17.7%17.9%17.7%18.4%20.2%21.5%21.2%20.2%17.4%16.9%

0%

10%

20%

30%

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

$16

$20

$24

$28

$32

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

-100

0

100

200

300

400

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

Page 3


Combined14.8%14.9%17.7%17.9%17.7%18.4%20.2%21.5%21.2%20.2%17.4%16.9%

0%

10%

20%

30%

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

$16

$20

$24

$28

$32

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

-100

0

100

200

300

400

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

Page 3

Absorbed

Class A Class B








10 G

rubb

& E

llis|

WRS

























FORecaST






Combined14.8%14.9%17.7%17.9%17.7%18.4%20.2%21.5%21.2%20.2%17.4%16.9%

0%

10%

20%

30%

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

$16

$20

$24

$28

$32

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

-100

0

100

200

300

400

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

Page 3

Vacancy Rate




Combined14.8%14.9%17.7%17.9%17.7%18.4%20.2%21.5%21.2%20.2%17.4%16.9%

0%

10%

20%

30%

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

$16

$20

$24

$28

$32

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

-100

0

100

200

300

400

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

Page 3


Combined14.8%14.9%17.7%17.9%17.7%18.4%20.2%21.5%21.2%20.2%17.4%16.9%

0%

10%

20%

30%

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

$16

$20

$24

$28

$32

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

-100

0

100

200

300

400

2Q 08 4Q 08 2Q 09 4Q 09 2Q 10

Page 3

Absorbed

Class A Class B



newcomers guidenewcomers gug idenewcomers guide

For advertising information, contact:Robbi Statham at [email protected] or 843-849-3108

Mark Wright at [email protected] or 843.849.3146

www.intronewcomersguide.com

From the publishers of

Commi� ed to delivering you right to South Carolina’s newcomers.

Get � ere First! Be the � rst to introduce your products and services!

http://www.intronewcomersguide.com/

http://www.moeckelcompany.com/


BOOKLISTS2011 of

For more information about advertising in this publication contact our sales department at 843.849.3110



FeaTured properTieS

CAROLINA COMMERCE PARK

Description: Carolina Commerce Park is conveniently located just inside the main entrance at Palmetto Commerce Park across from Shimano. � e park consists of 45 acres and is home to Whitecraft Inc., Verizon Wireless and ITT.

Top Assets:Infrastructure is already in place. � e park currently has a 10-acre site cleared and a permit ready for up to 100,000 square feet of warehouse/manufacturing space. � e site is centrally located to the area’s employment base.

Improvements Planned: Build-to-suit up to 100,000 square feet.

Address: Carolina Commerce Parkway, North CharlestonClassifi cation: IndustrialProperty Owner: KST Holdings LLCProperty Manager: Anchor Commercial, LLCZoning: Light IndustrialAvailable Square Footage: Build-to-suit up to 100,000 square feet Number of Bays: To suitPark Size: 45 acresAvailable Acres: 20 acresYear Developed: 2000

Developer’s RepresentativeName: R. Milton � omas III, CCIM, SIORPhone: 843-747-1200E-mail: [email protected]: www.anchorcommercial.net

ITT RECENTLY COMPLETED!

PARKSHORE CENTRE

Address: One Poston Road, CharlestonClassifi cation: Class “A+” Offi ceProperty Manager: Durlach AssociatesAvailable Square Footage: Contact developer’s representative for availabilities.Park Size: 7 acres

Developer’s Representative Name: John DurlachPhone: 843-723-2848E-mail: [email protected] Website: www.durlach.com

Description: 120,000 square feet of class A+ offi ces located in the City of Charleston. Developed by Durlach Associates. ENERGY STAR® rated and registered under the LEED® green building certifi cation program. Metropolitan convenience in a naturally wooded, landscaped setting within 10 minutes of the airport and the Historic District.

Top Assets:Flexible layouts from 1,000 to 40,000 sq. ft. on a single fl oor. Exceptional location with direct access to I-26. First Class lobbies, restrooms, and common areas. Abundant parking – 5 spaces per 1,000 sq. ft. Large common conference room.

25 CALHOUN

Address: 25 Calhoun St., CharlestonClassifi cation: Class “A+” Offi ceProperty Manager: Durlach AssociatesAvailable Square Footage: Contact developer’s representative for availabilities. Year Developed: 2011

Developer’s Representatives Name: John Durlach Phone: 843-723-2848 E-mail: [email protected] Name: Darby Siegel Phone: 843-266-8601 E-mail: [email protected] Website: www.25calhoun.com

Description: New 63,000 square foot class A+ offi ce building in the CBD. Opening Fall 2011. Developed by Holder Properties and Durlach Associates. Overlooking Concord Park in the most dynamic part of the city. 25 Calhoun is registered under the LEED® green building certifi cation program.

Top Assets:Flexible layouts up to 22,000 sq. ft. on a single fl oor. First generation tenant improvements. Modern glass exterior and lobby, stunning views, amenity rich neighborhood including restaurants and civic institutions set the tone for an exceptional business experience.

Lead tenant: Young Clement Rivers.

BANK OF AMERICA PLACE

Address: 200 Meeting St., Charleston

Classifi cation: Class “A” Offi ce

Property Owner: Charleston

Financial Center LLC

Property Manager: CB Richard

Ellis/Carmody LLC

Available Square Footage: 12,743

square feet (Four suites from 1,914

square feet to 5,159 square feet.)

Year Developed: 1990

Developer’s Representative

Name: Charles S. Carmody, SIOR,

CCIM

Phone: 843-577-1155

E-mail: [email protected]

Website: www.cbrecharleston.com

Description:Bank of America Place is a 144,046 sq. ft. Class A offi ce building located in the heart of the prestigious Historic District. � e building features a glorious southern interior with charming architectural appointments. An attached parking garage provides tenants and guests with full access to all 4 fl oors of the building. Four suites are ready for occupancy and fl ex space is available to accommodate tenants during the upfi t process. � e available ground fl oor suite off ers its tenant the additional benefi t of exterior signage.

Available Suites:Suite 100: 1,914 sq. ft. Suite 206: 3,550 sq. ft.Suite 306: 5,159 sq. ft. Suite 410: 2,111 sq. ft. Amenities:Attached parking structure with a 355 car capacityOn-site fi tness centerOn-site maintenance personnelPremier offi ce location in the city of Charleston

FABER CENTRE

Address: 4000 Faber Place Dr., North CharlestonClassifi cation: Class “A+” Offi ceProperty Manager: Durlach AssociatesAvailable Square Footage: Contact developer’s representative for availabilities. Year Developed: 2008

Developer’s RepresentativesName: John Durlach Phone: 843-723-2848 E-mail: [email protected] Name: Darby Siegel Phone: 843-266-8601 E-mail: [email protected] Website: www.FaberCentre.com

Description: 100,000 square feet of class A+ offi ces. Developed by Holder Properties and Durlach Associates, Faber Centre is a premier four story offi ce building located at I-526 and Leeds Avenue in the Executive Park at Faber Place.

Tenants include: CIGNA, Charleston County Economic Development, Corporate DevelopMint, DeltaCom, JJG, Meredith Law Firm, MetLife, Pulte, SunTrust and Walgreen Co.

Top Assets:Flexible layouts from 2,500 sq. ft. to 25,000 sq. ft. on a single fl oor. First generation tenant improvements. On-site building engineer. First Class lobbies, restrooms and common areas.

MONTAGUE OAKS OFFICE PARK

Address: 3520 W. Montague Ave., North Charleston, S.C. 29418 Classifi cation: Class “A” Offi ceProperty Owner: Montague Oaks LLCProperty Manager: Coldwell Banker Commercial Atlantic International Inc.Available Square Footage: 1,250 square feet - 6,358 square feetPark Size: 23,837 square feetYear Developed: 2008

Developer’s RepresentativeName: Bobby ReecePhone: 843-744-9877E-mail: [email protected]: www.cbcatlantic.com

Description: � is Class “A” offi ce park is conveniently located adjacent to the North Charleston Coliseum. � e site off ers great visibility, accessibility and easy access to Interstate 526 and Interstate 26. � e offi ce park is located less than 1 mile from the new Boeing facility and the Charleston International Airport. Abundant parking is available.

Improvements Planned:Two additional buildings comprising approximately 60,000 square feet are proposed.

CROSSPOINT INDUSTRIAL

Address: Palmetto Commerce Parkway

Classifi cation: Industrial

Property Owner: Jamestown Properties

and Childress Klein

Property Developer: Childress Klein

Zoning: Industrial

Park Size: 305 acres

Available Acres: 305 acres

Transportation Access: Palmetto

Commerce Parkway


Name: Mike White, CBRE Carmody

Phone: 843-819-1234


Website: www.CharlestonIndustrial.com

Description: Crosspoint Industrial at Palmetto Commerce Park is comprised of 305 acres of land that is ideally located, zoned for industrial use and ready for immediate development.

Jointly owned by Jamestown Properties and Childress Klein, Crosspoint promises to provide the Charleston region with up to 2 million square feet of manufacturing space well suited for aviation suppliers, manufacturers and logistics providers.

Top Assets: Crosspoint Industrial is located in an area that provides a brand new network of roads, as well as access to an abundant, highly skilled labor base in North Charleston and surrounding communities. Crosspoint’s owners are able to fi nance any size industrial development and provide additional acreage for expansions.

� e industrial parcel is expertly marketed by CB Richard Ellis Carmody, Charleston’s local affi liate of the world’s largest real estate services provider.

PATRIO

T BLVD

To Boeing and CHS Airport:

8 Miles

Carolina Commerce Park .........................24

Parkshore Centre ......................................28

25 Calhoun ................................................26

Bank of America Place ............................30

Faber Centre .............................................27

Montague Oaks Office Park .....................25

Crosspoint Industrial ................................29

Welcome to the Featured Properties section of

the Commercial Space & Business Parks Guide.

This section provides a forum for our advertisers

to feature some of their available properties with

photographs and relevant details.


CAROLINA COMMERCE PARK

Description: Carolina Commerce Park is conveniently located just inside the main entrance at Palmetto Commerce Park across from Shimano. � e park consists of 45 acres and is home to Whitecraft Inc., Verizon Wireless and ITT.

Top Assets:Infrastructure is already in place. � e park currently has a 10-acre site cleared and a permit ready for up to 100,000 square feet of warehouse/manufacturing space. � e site is centrally located to the area’s employment base.

Improvements Planned: Build-to-suit up to 100,000 square feet.

Address: Carolina Commerce Parkway, North CharlestonClassifi cation: IndustrialProperty Owner: KST Holdings LLCProperty Manager: Anchor Commercial, LLCZoning: Light IndustrialAvailable Square Footage: Build-to-suit up to 100,000 square feet Number of Bays: To suitPark Size: 45 acresAvailable Acres: 20 acresYear Developed: 2000

Developer’s RepresentativeName: R. Milton � omas III, CCIM, SIORPhone: 843-747-1200E-mail: [email protected]: www.anchorcommercial.net

ITT RECENTLY COMPLETED!

http://www.anchorcommercial.net


MONTAGUE OAKS OFFICE PARK

Address: 3520 W. Montague Ave., North Charleston, S.C. 29418 Classifi cation: Class “A” Offi ceProperty Owner: Montague Oaks LLCProperty Manager: Coldwell Banker Commercial Atlantic International Inc.Available Square Footage: 1,250 square feet - 6,358 square feetPark Size: 23,837 square feetYear Developed: 2008

Developer’s RepresentativeName: Bobby ReecePhone: 843-744-9877E-mail: [email protected]: www.cbcatlantic.com

Description: � is Class “A” offi ce park is conveniently located adjacent to the North Charleston Coliseum. � e site off ers great visibility, accessibility and easy access to Interstate 526 and Interstate 26. � e offi ce park is located less than 1 mile from the new Boeing facility and the Charleston International Airport. Abundant parking is available.

Improvements Planned:Two additional buildings comprising approximately 60,000 square feet are proposed.

http://www.cbcatlantic.com


25 CALHOUN

Address: 25 Calhoun St., CharlestonClassifi cation: Class “A+” Offi ceProperty Manager: Durlach AssociatesAvailable Square Footage: Contact developer’s representative for availabilities. Year Developed: 2011

Developer’s Representatives Name: John Durlach Phone: 843-723-2848 E-mail: [email protected] Name: Darby Siegel Phone: 843-266-8601 E-mail: [email protected] Website: www.25calhoun.com

Description: New 63,000 square foot class A+ offi ce building in the CBD. Opening Fall 2011. Developed by Holder Properties and Durlach Associates. Overlooking Concord Park in the most dynamic part of the city. 25 Calhoun is registered under the LEED® green building certifi cation program.

Top Assets:Flexible layouts up to 22,000 sq. ft. on a single fl oor. First generation tenant improvements. Modern glass exterior and lobby, stunning views, amenity rich neighborhood including restaurants and civic institutions set the tone for an exceptional business experience.

Lead tenant: Young Clement Rivers.



FABER CENTRE

Address: 4000 Faber Place Dr., North CharlestonClassifi cation: Class “A+” Offi ceProperty Manager: Durlach AssociatesAvailable Square Footage: Contact developer’s representative for availabilities. Year Developed: 2008

Developer’s RepresentativesName: John Durlach Phone: 843-723-2848 E-mail: [email protected] Name: Darby Siegel Phone: 843-266-8601 E-mail: [email protected] Website: www.FaberCentre.com

Description: 100,000 square feet of class A+ offi ces. Developed by Holder Properties and Durlach Associates, Faber Centre is a premier four story offi ce building located at I-526 and Leeds Avenue in the Executive Park at Faber Place.

Tenants include: CIGNA, Charleston County Economic Development, Corporate DevelopMint, DeltaCom, JJG, Meredith Law Firm, MetLife, Pulte, SunTrust and Walgreen Co.

Top Assets:Flexible layouts from 2,500 sq. ft. to 25,000 sq. ft. on a single fl oor. First generation tenant improvements. On-site building engineer. First Class lobbies, restrooms and common areas.



PARKSHORE CENTRE

Address: One Poston Road, CharlestonClassifi cation: Class “A+” Offi ceProperty Manager: Durlach AssociatesAvailable Square Footage: Contact developer’s representative for availabilities.Park Size: 7 acres

Developer’s Representative Name: John DurlachPhone: 843-723-2848E-mail: [email protected] Website: www.durlach.com

Description: 120,000 square feet of class A+ offi ces located in the City of Charleston. Developed by Durlach Associates. ENERGY STAR® rated and registered under the LEED® green building certifi cation program. Metropolitan convenience in a naturally wooded, landscaped setting within 10 minutes of the airport and the Historic District.

Top Assets:Flexible layouts from 1,000 to 40,000 sq. ft. on a single fl oor. Exceptional location with direct access to I-26. First Class lobbies, restrooms, and common areas. Abundant parking – 5 spaces per 1,000 sq. ft. Large common conference room.



CROSSPOINT INDUSTRIAL

Address: Palmetto Commerce Parkway

Classifi cation: Industrial

Property Owner: Jamestown Properties

and Childress Klein

Property Developer: Childress Klein

Zoning: Industrial

Park Size: 305 acres

Available Acres: 305 acres

Transportation Access: Palmetto

Commerce Parkway


Name: Mike White, CBRE Carmody

Phone: 843-819-1234


Website: www.CharlestonIndustrial.com

Description: Crosspoint Industrial at Palmetto Commerce Park is comprised of 305 acres of land that is ideally located, zoned for industrial use and ready for immediate development.

Jointly owned by Jamestown Properties and Childress Klein, Crosspoint promises to provide the Charleston region with up to 2 million square feet of manufacturing space well suited for aviation suppliers, manufacturers and logistics providers.

Top Assets: Crosspoint Industrial is located in an area that provides a brand new network of roads, as well as access to an abundant, highly skilled labor base in North Charleston and surrounding communities. Crosspoint’s owners are able to fi nance any size industrial development and provide additional acreage for expansions.

� e industrial parcel is expertly marketed by CB Richard Ellis Carmody, Charleston’s local affi liate of the world’s largest real estate services provider.

PATRIO

T BLVD

To Boeing and CHS Airport:

8 Miles

http://www.charlestonindustrial.com/


BANK OF AMERICA PLACE

Address: 200 Meeting St., Charleston

Classifi cation: Class “A” Offi ce

Property Owner: Charleston

Financial Center LLC

Property Manager: CB Richard

Ellis/Carmody LLC

Available Square Footage: 12,743

square feet (Four suites from 1,914

square feet to 5,159 square feet.)

Year Developed: 1990


Name: Charles S. Carmody, SIOR,

CCIM

Phone: 843-577-1155


Website: www.cbrecharleston.com

Description:Bank of America Place is a 144,046 sq. ft. Class A offi ce building located in the heart of the prestigious Historic District. � e building features a glorious southern interior with charming architectural appointments. An attached parking garage provides tenants and guests with full access to all 4 fl oors of the building. Four suites are ready for occupancy and fl ex space is available to accommodate tenants during the upfi t process. � e available ground fl oor suite off ers its tenant the additional benefi t of exterior signage.

Available Suites:Suite 100: 1,914 sq. ft. Suite 206: 3,550 sq. ft.Suite 306: 5,159 sq. ft. Suite 410: 2,111 sq. ft. Amenities:Attached parking structure with a 355 car capacityOn-site fi tness centerOn-site maintenance personnelPremier offi ce location in the city of Charleston

http://www.cbrecharleston.com/


Commercial/Industrial Real Estate CompaniesRanked by Total No. of Full-Time Licensed Commercial Agents

Company

PhoneFax

Web Site

No. ofFull-Time Licensed

Commercial Agents/No. of

Full-Time Support Staff Types of Properties Sold

Top Local Executive orBroker in Charge/

Year Founded Locally

NAI Avant Charleston LLC180 Meeting St., Suite 310Charleston, SC 29401

843-720-4944843-720-2895

www.naiavant.com

331 Medical, land, office, retail, property management E. David Grubbs Jr.

2010

Coldwell Banker Commercial Atlantic International Inc.3506 W. Montague Ave., Suite 200North Charleston, SC 29418

843-744-9877843-744-9879

www.cbcatlantic.com

274

Industrial, office, retail, multifamily, land, hospitality,investment

Brent A Case, Michael R. Rose1986

CB Richard Ellis Carmody LLC134 Meeting St., Suite 510Charleston, SC 29401

843-577-0702843-577-0710

www.cbrecharleston.com

1510

Office, retail, medical, multifamily, industrial, lightindustrial, land

Charles S. Carmody1992

CC&T Real Estate Services1601 Oceanic StreetCharleston, SC 29405

843-577-6722843-577-0153www.cctre.com

126 land, industrial, multifamily, office, retail, medical David Smythe

1993

Colliers International151 Meeting St., Suite 350Charleston, SC 29401

843-723-1202843-577-3837

www.colliers.com/markets/charleston

102 Industrial, office, retail, land, medical Woody Moore

1995

Coppedge & Tison, Cushman & Wakefield1 Unity Alley, Suite 310Charleston, SC 29401

843-724-0100843-958-9757

www.coppedgetison.com

100

Heavy and light industrial, investment, land, office,retail

John H. Tison2004

Palmetto Commercial Properties Inc.578-A East Bay St.Charleston, SC 29403

843-577-2550843-577-2552

www.palmettocommercialproperties.com

106 Industrial, office, retail, medical, land, investment William Edlund, W. Carlyle Blakeney

1996

Palmetto Commercial Properties Inc.578-A East Bay St.Charleston, SC 29403

843-577-2550843-577-2552

www.palmettocommercialproperties.com

106 Industrial, office, retail, medical, land, investments Carlyle Blakeney, William H. Edlund

1996

Sadler Group of Charleston LLC22 Windermere Blvd.Charleston, SC 29407

843-766-0261843-766-3512

www.sadlergroup.net

82

Land, light and heavy industrial, retail, warehouse,medical, office, flex space

R. Thomas Sadler1893

Kennerty Ratner & Tezza LLC1035 Johnnie Dodds Blvd., Suite B-11Mount Pleasant, SC 29464

843-388-9818843-388-9821

DNR

70 Land, office, flex space, warehouse, retail Hap Kennerty

1989

Carolina Commercial LLCP.O. Box 509Charleston, SC 29402

843-805-6060843-577-6656

www.carolinacre.com

63

Industrial, retail, office, land,investment, multifamily

Charlie L. Moore2010

Lat Purser & Associates Inc.501 Belle Hall Parkway, Suite 101Mount Pleasant, SC 29464

843-884-1104843-884-1054

www.latpurser.com

60

Business centers, raw and vacant land, office,industrial, medical, retail, multifamily

Terry Ansley2007

Arthur Ravenel Jr. Co.105 Wappoo Creek Drive, Suite 4ACharleston, SC 29412

843-723-7847843-722-6647

www.ravenelrealestate.com

52 Commercial Arthur Ravenel III

1969

Skye Properties Inc.1028 LeGrand Blvd.Charleston, SC 29492

843-856-0799843-856-0899

www.skyepropertiesinc.com

51 Industrial, residential, office, medical, commercial Alex Quattlebaum Jr.

1975

Cogdell Spencer Erdman125 Doughty St., Suite 620Charleston, SC 29403

843-722-3003843-722-3141

www.cogdell.com

46 Medical Carla Fix, Bob O'Harra

1989

Joe Griffith Inc.946 Johnnie Dodds Blvd.Mount Pleasant, SC 29464

843-577-2230843-723-6686

www.joegriffithinc.com

40 Retail, office, investment, income-producing, land Louis E. Griffith

1957

Re/Max Pro Realty9209 University Blvd.North Charleston, SC 29406

843-767-7777843-767-4006

www.remax.com

45 Light industrial, medical, warehouse, office, retail David W. Finn

2009

Caldwell Commercial LLC2456 Remount Road, Suite 308North Charleston, SC 29406

843-566-1888843-554-8000

www.caldwellcommercial.com

35 Office, medical, light industrial, retail Bob Caldwell

2003

CCBG Real Estate Group LLC1031 Chuck Dawley Blvd., Suite 4Mount Pleasant, SC 29464

843-216-3740843-216-3743

www.ccbgrealestate.com

31 Commercial, investment, retail, industrial, land Dan T. Henderson Jr.

2003

Information presented was provided upon request from company representatives, and SC Biz News LLC assumes the data is accurate. Not all commercial/industrial real estate companies are listed, only those that responded to our information inquiry.DNR-Did Not Respond.

Researched by Clayton Wynne


Commercial/Industrial Real Estate CompaniesRanked by Total No. of Full-Time Licensed Commercial Agents

Company

PhoneFax

Web Site

No. ofFull-Time Licensed

Commercial Agents/No. of

Full-Time Support Staff Types of Properties Sold

Top Local Executive orBroker in Charge/

Year Founded Locally

Commercial Investment Group125-A Wappoo Creek DriveCharleston, SC 29412

843-406-7979843-406-8854

www.cominvestgroup.com

32

Self-storage, retail, office, development, land,multiresidential

P. John DeStefano2006

ECDC Realty LLC105-E S. Cedar St.Summerville, SC 29483

843-871-7181843-821-5180

DNR

32 Land Paul A. Ansell

1991

Norvell Real Estate Group LLC2 Amherst St.Charleston, SC 29403

843-579-0055843-579-9010

www.norvellgroup.com

33 Investment Frank W. Norvell

1998

Strategic Real Estate Advisors353 N. Shelmore Blvd., Suite 200Mount Pleasant, SC 29464

843-416-1060843-416-1061

www.sreadvisors.com

31 Investment James D. Robertson

2002

Summit Commercial Properties Inc.1537-B Ben Sawyer Blvd.Mount Pleasant, SC 29464

843-884-7773843-884-7704

www.summitcommercialproperties.com

31 Commercial, office, land, industrial, retail Lisa Blanton Safford

2004

Twin Rivers Capital LLC125-G Wappoo Creek DriveCharleston, SC 29412

843-722-9925843-722-9947

www.twinriverscap.com

38 Net leased investments, retail, land Jeffrey J. Lamberson

2002

Carr Properties LLC5806 Campbell St.Hanahan, SC 29410

843-744-2863843-744-0321

www.carr-properties.com

22 Light industrial, office, self-storage, land Walter D Carr

2001

Catterton-General LLC Commercial Investment Real Estate1525 Sam Rittenberg Blvd.Charleston, SC 29407

843-766-1600843-402-7777

DNR

20 Industrial, office, retail, investment Gary A. Catterton

1988

Durlach Associates1 Poston Road, Suite 230Charleston, SC 29407

843-723-2801843-722-2421

www.durlach.com

23 Office Marcus R. Durlach IV, John R.N. Durlach

1979

Harbor City Real Estate Advisors LLC510 Live Oak DriveMount Pleasant, SC 29464

843-805-8011843-805-8012

www.harborcityadvisors.com

21 Land, office, retail, industrial Christopher T. Cunniffe

2004

Hartnett Realty Co. Inc.134 Meeting St., Suite 120Charleston, SC 29401

843-723-7222843-723-9403

www.hartnettrealty.com

29 Commercial, residential, land Thomas F. Hartnett

1947

National Restaurant Properties215 East Bay St., Suite 505-DCharleston, SC 29401

843-442-1872843-853-8550

www.restaurantstore.com

21 Food and beverage commercial Timothy J. Hagar

2000

Patterson Smith Co. Inc.51 John St.Charleston, SC 29403

843-577-7406843-577-7574

DNR

23

Light industrial, development sites and land,commercial

Patterson S. Smith1976

Retail & Investment Property Advisors LLC635-F East Bay St.Charleston, SC 29403

843-720-8771843-720-8701

www.retailpropertyadvisors.com

23

Leasing, brokerage, investment sales, tenantrepresentation

W. Harvey Brockinton Jr.2003

Matthew Ryan Co. LLC104 Berkeley Square, PMB 59Goose Creek, SC 29445-2958

843-572-0000843-572-0050

www.matthewryancompany.com

20

all including Commercial, investment, commercial andresidential property mgmt and residential sales

Bob Glover, CCIM1989

C3 Investments Inc.220 Church St., Suite 101Mount Pleasant, SC 29464

843-849-5455843-849-3044

DNR

11

Free-standing retail, single-tenant, small neighborhoodretail, office

C. Gordon Lovingood1987

Classic Realty Enterprises Inc.P.O. Box 12447Charleston, SC 29422

843-762-3111843-795-7788

www.classicrealtyenterprises.com

10 Commercial, retail, office, land, mixed-use Lucrisa Smith

2005

Johnson Development Associates Inc.171 Church St., Suite 300Charleston, SC 29401

843-853-0105843-853-0160

www.johnsondevelopment.net

11 Industrial, manufacturing, distribution Josh Jones

2005

Spectrum Properties Inc.1126 Lango Ave.Charleston, SC 29407

843-766-1606, ext 101843-852-3400

DNR

12 Commercial, industrial, retail, office, land Rosemary Stafford

1986

Information presented was provided upon request from company representatives, and SC Biz News LLC assumes the data is accurate. Not all commercial/industrial real estate companies are listed, only those that responded to our information inquiry.DNR-Did Not Respond.



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Industrial BuildingsRanked by Available Square Footage

Address Available Square Feet Clear Height Dock-Height Truck Doors Wall Type Year BuiltBroker Name/Broker Phone

2550 Fifth North St.Summerville, SC 29483 390,000 15 9 Metal Insulated 1977 Re/Max Pro Realty/

843-767-7777

326 Deming WaySummerville, SC 29483 330,000 22 See Property Description Metal Insulated 1998 Grubb & Ellis/WRS/

843-725-7200

9551 William Aiken DriveNorth Charleston, SC 29456 315,000 24 See Property Description Tilt-Up Concrete Not Insulated 1981 Keller Williams Charleston Mount Pleasant/

843-416-2000

1020 Northpointe Industrial Blvd.Hanahan, SC 29445 305,423 28 See Property Description Pre-Cast Concrete Insulated 2000 Charleston Regional Development Alliance/

843-767-9300

4500 Goer DriveNorth Charleston, SC 29405 257,000 24 See Property Description Brick Not Insulated 1965 Grubb & Ellis/WRS/

843-725-7200

3290 Benchmark DriveLadson, SC 29456 257,000 24 See Property Description Metal Insulated 2000 Holcombe Fair & Lane/

843-722-2642

1980 Technology DriveCharleston, SC 29492 253,500 30 See Property Description Tilt-Up Concrete Insulated 2007 Colliers International/

843-723-1202

0 Truxton Ave.North Charleston, SC 29405 250,000 80 See Property Description Metal Insulated 1935 Carolina Commercial LLC/

843-805-6060

1 Belt DriveMoncks Corner, SC 29461 240,000 13 4 See Property Description, Insulated 1950 CB Richard Ellis/Carmody/

843-577-0702

7555 N. Spartan Blvd.North Charleston, SC 29420 199,742 24 See Property Description Metal Insulated 1989 Maybank Properties LLC/

843-740-9200

5801 N. Rhett Ave., Building 2Hanahan, SC 29406 197,959 23 10 Pre-Cast Concrete Insulated 1980 Grubb & Ellis/WRS/

843-725-7200

900 Commerce CircleHanahan, SC 29406 175,080 21 3 Tilt-Up Concrete Not Insulated N/A Maybank Properties LLC/

843-740-9200

6555 Fain Blvd.North Charleston, SC 29406 170,000 16 10 See Property Description, Not Insulated 1972 CB Richard Ellis/Carmody/

843-577-0702

315 Ravenel RoadSt. Stephen, SC 29479 160,000 22 10 See Property Description, Insulated 1964 Palmetto Commercial Prop Inc./

843-577-2550


843-722-2642

3191 Ashley Phosphate RoadNorth Charleston, SC 29418 155,719 21 10 Pre-Cast Concrete Insulated 1978 CB Richard Ellis/Carmody/

843-577-0702

211 Farmington RoadSummerville, SC 29483 131,535 15 See Property Description Metal Insulated 1979 CB Richard Ellis/Carmody/

843-577-0702

2453 King St. ExtensionNorth Charleston, SC 29405 119,452 26 See Property Description Tilt-Up Concrete Insulated 1976 Carolina Commercial LLC/

843-805-6060

2345 Charleston Regional ParkwayCharleston, SC 29492 112,000 24 See Property Description Tilt-Up Concrete Insulated 2007 Colliers International/

843-723-1202

326 Deming WaySummerville, SC 29483 110,000 22 8 Metal Insulated 1998 Grubb & Ellis/WRS/

843-725-7200

5801 Rhett Ave.Hanahan, SC 29406 103,890 23 8 Pre-Cast Concrete Insulated 1980 Grubb & Ellis/WRS/

843-725-7200

201 Luken RoadGoose Creek, SC 29445 101,650 30 4 Tilt-Up Concrete Insulated 2001 CB Richard Ellis/Carmody/

843-577-0702

1325 Garrott Ave.Moncks Corner, SC 29461 100,823 30 10 Tilt-Up Concrete Insulated 2003 CB Richard Ellis/Carmody/

843-577-0702

1320 Garrott Ave.Moncks Corner, SC 29461 100,823 30 10 Tilt-Up Concrete Insulated 2003 CB Richard Ellis/Carmody/

843-577-0702

310 Industrial RoadSummerville, SC 29483 100,505 20 3 Metal Insulated 1986 Carolina One Real Estate/

843-871-9000


843-722-2642

900 Commerce CircleHanahan, SC 29406 100,000 21 3 Metal Not Insulated 1988 Maybank Properties LLC/

843-740-9200

5801 Rhett Ave.Hanahan, SC 29406 94,069 23 6 Pre-Cast Concrete Insulated 1980 Grubb & Ellis/WRS/

843-725-7200

1025 LeGrand Blvd.Charleston, SC 29492 90,000 26 8 Pre-Cast Concrete Insulated 1995 Grubb & Ellis/WRS/

843-725-7200

916 Commerce CircleHanahan, SC 29406 80,000 18 8 Metal Insulated 1980 CB Richard Ellis/Carmody/

843-577-0702

900 Commerce CircleHanahan, SC 29406 75,080 21 3 Tilt-Up Concrete Not Insulated 1988 Maybank Properties LLC/

843-740-9200


843-725-7200

2560 West 5th North St.Summerville, SC 29483 70,200 23 2 Metal Insulated 1981 Carolina Commercial LLC/

843-805-6060

1930 Hanahan RoadNorth Charleston, SC 29406 70,000 14 3 Concrete Block Not Insulated 1980 Palmetto Commercial Properties Inc./

843-577-2550

620 Dobbin RoadCharleston, SC 29414 69,411 40 4 Tilt-Up Concrete Insulated 1987 Coldwell Banker Commercial/Atlantic International/

843-744-9877

Source: Charleston Regional Development Alliance, company representatives and www.crda.org. SC Biz News LLC assumes the data is accurate.N/A-Not Available.*Where "See property description" is indicated, that information can be viewed at crda.binarybus.net.


These industry-specific lists appear in each issue of the Charleston Regional Business Journal. To update

your company information or to be added to the list, call Clayton Wynne at 843-849-3114 or update online at

www.charlestonbusiness.com/update_lists/.


Industrial BuildingsRanked by Available Square Footage

Address Available Square Feet Clear Height Dock-Height Truck Doors Wall Type Year BuiltBroker Name/Broker Phone

3034 Ashley Phosphate RoadNorth Charleston, SC 29420 68,763 20 3 Metal Not Insulated 1986 Maybank Properties LLC/

843-740-9200

412 Industrial RoadN/A, N/A N/A 63,000 24 6 Metal Insulated 2000 CB Richard Ellis/Carmody/

843-577-0702

420 Industrial RoadSummerville, SC 29483 63,000 24 4 Metal Insulated 2000 CB Richard Ellis/Carmody/

843-577-0702

2816 Azalea DriveNorth Charleston, SC 29405 62,000 18 N/A See Property Description, Not Insulated 1991 Hartnett Realty Co./

843-723-7222

547 Long Point RoadMount Pleasant, SC 29464 60,791 27 0 Metal Insulated 2006 Strategic Real Estate Advisors/

843-416-1064

5801 North Rhett Ave., Building 2Hanahan, SC 29406 56,013 23 6 Pre-Cast Concrete Insulated 1980 Grubb & Ellis/WRS/

843-725-7200


843-725-7200

6331 Fain Blvd.North Charleston, SC 29406 52,227 20 See Property Description Metal Not Insulated 1972 Grubb & Ellis/WRS/

843-725-7200

219 Varnfield DriveSummerville, SC 29483 50,765 24 4 Metal Insulated 2008 RE/Max Pro Realty/

843-767-7777

1009 Trident St.Hanahan, SC 29406 50,000 21 See Property Description Metal Not Insulated 1981 Maybank Properties LLC/

843-740-9200

2155 Durant Ave.North Charleston, SC 29405 50,000 20 2 Metal Not Insulated 1975 Palmetto Commercial Prop Inc./

843-577-2550

7350 Spartan Blvd.North Charleston, SC 29418 49,500 20 5 Metal Insulated 1987 Grubb & Ellis/WRS/

843-725-7200

2509 Clements Ferry RoadCharleston, SC 29492 48,750 29 4 Metal Insulated 1999 Keller Williams Chas. Mt Pleasant/

843-416-2000

212 Industrial RoadSummerville, SC 29483 44,000 18 1 Metal Not Insulated 1980 CB Richard Ellis/Carmody/

843-577-0702

10009 Highway 78Ladson, SC 29456 40,042 22 3 Metal Insulated 2005 Grubb & Ellis/WRS/

843-725-7200

5801 North Rhett Ave., Building 2Hanahan, SC 29406 38,056 23 4 Pre-Cast Concrete Insulated 1980 Grubb & Ellis/WRS/

843-725-7200

7381 Spartan Blvd.North Charleston, SC 29418 32,000 20 2 Other Insulated 1970 Grubb & Ellis/WRS/

843-725-7200

2821 Azalea DriveNorth Charleston, SC 29405 30,500 33 4 Metal Insulated 1975 Grubb & Ellis/WRS/

843-725-7200

4115 Dorchester RoadNorth Charleston, SC 29405 30,000 24 2 Metal Not Insulated 2009 Durlach Associates Inc./

843-723-2801

1850 Ashley River RoadCharleston, SC 29407 29,160 20 5 Metal Insulated 1978 Grubb & Ellis/WRS/

843-725-7200

4744 Highway162Hollywood, SC 29449 29,104 16 3 Metal Not Insulated 1980 Grubb & Ellis/WRS/

843-725-7200

2740 Azalea Dr.North Charleston, SC 29405 27,000 20 2 Metal Insulated 1952 Coppedge & Tison Commercial Real Estate/

843-724-0100

210 Cember WaySummerville, SC 29483 26,800 18 1 Metal Insulated 2008 Anchor Commercial LLC/

843-747-1200

4567 Piggly Wiggly DriveNorth Charleston, SC 29405 26,320 24 6 Brick Not Insulated 1960 Grubb & Ellis/WRS/

843-725-7200

1888 Clements Ferry RoadCharleston, SC 29492 26,250 24 See Property Description Metal Insulated 1999 Meyer Kapp & Associates LLC/

843-971-8600

7350 Cross Country RoadNorth Charleston, SC 29418 25,609 16 1 See Property Description, Not Insulated 1982 Grubb & Ellis/WRS/

843-725-7200

219 Varnfield DriveSummerville, SC 29483 25,382 12 1 Metal Insulated 2008 RE/Max Pro Realty/

843-767-7777

7240 Cross Park DriveNorth Charleston, SC 29418 25,000 26 10 Metal Insulated 1996 Keller Williams Chas. Mt Pleasant/

843-416-2000

1007 Trident St.Hanahan, SC 29406 25,000 24 See Property Description Metal Not Insulated 1981 Maybank Properties LLC/

843-740-9200

2532 Spruill Ave.North Charleston, SC 29405 25,000 14 5 Concrete Block, Not Insulated 1975 Palmetto Commercial Prop Inc./

843-577-2550

230 Deming WaySummerville, SC 29483 23,975 19 2 Metal Insulated 1988 Carolina Commercial LLC/

843-805-6060

909 Commerce CircleHanahan, SC 29406 22,889 16 5 Concrete Block, Not Insulated 1974 Carr Properties LLC/

843-744-2863

4523 Savannah HighwayRavenel, SC 29470 22,500 18 0 Metal Insulated 1997 Catterton-General LLC/

843-766-1600

1939 Belgrade Ave.Ladson, SC 29407 22,000 23 N/A Metal Insulated 1993 Time Properties/

843-552-7525

2696 Rourk St.North Charleston, SC 29405 22,000 25 2 Metal Insulated 1995 Coppedge & Tison Commercial Real Estate/

843-724-0100

Source: Charleston Regional Development Alliance, company representatives and www.crda.org. SC Biz News LLC assumes the data is accurate.N/A-Not Available.*Where "See property description" is indicated, that information can be viewed at crda.binarybus.net.


These industry-specific lists appear in each issue of the Charleston Regional Business Journal. To update

your company information or to be added to the list, call Clayton Wynne at 843-849-3114 or update online at

www.charlestonbusiness.com/update_lists/.

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