Silverman Group Appoints CBRE to Lease New Speculative Industrial Building Under Construction
12 Jun 2018
After acquiring 80 acres of land in April of 2018, The Silverman Group has awarded CBRE the leasing at its 562,000-sq.-ft. spec industrial development at 1334 Drop Off Drive in Summerville, northwest of Charleston, SC. Located at the Foreign Trade Zone industrial park, site work has commenced with plans to complete construction in Q4 of 2018.
“We’re very excited to extend CBRE’s relationship with The Silverman Group by marketing this state-of-the-art facility for lease,” said Mr. Barrineau, senior vice president at CBRE. “The building will appeal to a variety of users interested in improving their global supply chain, including aerospace and automotive users, as well as retail distribution firms utilizing the South Carolina State Ports Authority.”
The cross-dock building will feature 36-ft. clear heights, 117 dock doors, an ESFR sprinkler system, trailer parking for 264 and auto parking for 307 vehicles. It will be visible from Interstate 26 and is located just half a mile from the new exit 197 Nexton interchange and 2.5 miles from the exit 194 interchange. For more information, visit www.ftzsc.net.
“We are excited to be building this modern, state-of-the-art facility in one of South Carolina’s leading submarkets for industrial space. We believe this building will generate a strong amount of interest in the growing industrial market of Charleston,” said Blake Silverman, President at The Silverman Group.
Per CBRE research, an expanding manufacturing base and growing logistics sector are combining to usher in a period of unprecedented industrial growth in Charleston. Over the last four quarters, the industrial marketplace has absorbed over 3.1 million sq. ft. of space, representing an annual growth rate of 5.9%.
“Our goal is to deliver this facility at Foreign Trade Zone by year end. Ideally, we are looking for one tenant to occupy the entire building, although dividing the space up for multiple tenants is an option as well,” said Toby Nelson, Vice President, Leasing, at The Silverman Group.
“We look forward to working with The Silverman Group as we target tenants looking for 200,000 – 562,544 sq. ft. in the Charleston market,” said Mr. Redeyoff, vice president at CBRE.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.