The South Carolina Ports Authority has a new and massive project underway in the Charleston area. On Feb. 3, the Ports Authority announced the groundbreaking of the largest speculative industrial facility ever constructed in the Charleston region.
This massive new facility located in Summerville, S.C., will support the increased activity at the Ports Authority and bring additional jobs to the area. Here’s what you need to know.
1-Million Square Foot Industrial Space in Charleston Region
The new addition to the Charleston Trade Center will be a 1,019,200-square-foot cross-dock industrial building located in Summerville, SC, off of the Nexton Parkway interchange near I-26. The Charleston Trade Center campus includes over 3 million SF of Class A industrial space, and this new project will add an additional 1 million SF of space.
The new industrial space will have 40’ ceilings, 275 trailer parking spaces, and 120 dock doors. It is located 25 miles from the Port of Charleston and is visible from I-26 in Charleson’s distribution corridor.
Work on the new space is already underway, and the project’s owners expect an opening date sometime in the fourth quarter. Given the expansion of operations at the port and business in the area, the developers believe that the timing for this project couldn’t be better.
Additional Support for the Ports of Charleston Activities
South Carolina Ports is a top 10 U.S. container port that offers efficient operations, reliable service, and the capacity to handle big ships. The ports will open an additional terminal in 2021 that makes it the deepest harbor on the East Coast.
Area Development Online ranked South Carolina as the #3 top state for doing business in the U.S. And Charleston was voted the “Best City in the World” for the 8th straight year by Travel & Leisure Magazine in 2020.
There are currently 36 companies with headquarters in Charleston, SC, and $53 billion in annual economic activity. Companies that currently use the Ports of Charleston and major local distribution centers include Michelin, Volvo Cars, Mercedes-Benz Vans, and Dollar Tree.
The commercial real estate market in the Charleston, SC area is diverse and expanding. If your business needs commercial space or property management services, we can help. The team at Caldwell Commercial Real Estate has more than 80 years of combined experience in this industry, so our clients have peace of mind knowing that we will take care of their needs. Contact us today for more information.