Clarion Companions has acquired Jedburg Logistics Park Constructing 2, a 158,340-square-foot Class A distribution facility in Summerville, S.C., inside the Charleston, S.C. market. The corporate paid roughly $25.3 million for the asset, in accordance with CommercialEdge information.
The vendor is a three way partnership between Trinity Capital Advisors and Hartford Funding Administration Co. JLL negotiated on behalf of the partnership.
Not too long ago accomplished, the ability at 237 Jedburg Street consists of 32-foot clear heights, 25 dock doorways, two drive-in doorways, ESFR sprinkler system, 170 automobile parking spots and 19 trailer parking spots. The commercial property is absolutely leased by Amazon, that makes use of it as a warehouse and distribution middle, CommercialEdge information exhibits.
Trinity Capital Advisors developed Jedburg Logistics Heart, marking its second industrial speculative mission within the area. The campus additionally consists of the 621,920-square-foot Constructing 1 at 241 Jedburg Street.
Jedburg Logistics Park is on a 115-acre lot, near Interstate 26 and to U.S. Route 78. Charleston Worldwide Airport is 22 miles southwest, Port of Charleston is 30 miles away, whereas downtown Charleston inside 34 miles of the location.
Charleston’s industrial emptiness price decreased
Charleston ended the third quarter of 2024 with an industrial emptiness price of 11.9 %, in accordance with a Cushman & Wakefield report. For the primary time in six quarters the speed inched down, falling 50-basis-points from the second quarter. New leasing exercise totaled greater than 1.4 million sq. toes within the third quarter, the very best quantity in additional than six quarters.
A notable industrial acquisition that closed just lately is Stockbridge’s buy of a 1.2 million-square-foot industrial property in Ridgeville, S.C. The corporate picked up Constructing D at Cam Corridor Commerce Heart from a three way partnership, represented by JLL.
