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Dogwood Industrial Properties Lays Down $102M for Charleston-Area Industrial Park
Atlanta, GA-based Dogwood Industrial Properties has acquired Trade Park East, a four-building, 837,200-square-foot industrial park located in the Charleston submarket of Ladson, SC, for $101.5 million.
Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of commercial real estate services and investment firm CBRE represented Dogwood Industrial Properties to secure an $87.8-million loan from Artemis that includes future funding and a phased funding.
“In a market with such limited availability as Charleston, coupled with Dogwood’s top tier sponsorship, Trade Park East was one of the most sought-after debt executions we have ever worked on,” said Linnihan.
Trade Park East is located along Weber Boulevard and features four Class A, high-bay warehouses ranging in size from 145,600 square feet to 343,160 square feet. Construction was recently completed on all four buildings, which are 100% occupied.
Charleston’s industrial market is one of the tightest in the country, according to CBRE research, with a vacancy of just 0.4% across 72.5 million square feet.
- ◦Sale/Acquisition
