LBA Realty Acquires Charleston Distribution Facility
JLL has arranged the sale of North Pointe B, a fully-leased, 247,000-square-foot distribution facility in the Charleston-area community of Hanahan, S.C. The sales price was not disclosed. LBA Realty acquired the property.
North Pointe B is fully leased to Expeditors International of Washington, Inc., one of the world’s largest global logistics companies. Completed in 2018, the LEED-certified building features 32-foot clear heights, ESFR fire protection and energy efficient LED lighting throughout. Situated on 19 acres at 1017 North Pointe Industrial Blvd., the facility sits within the North Pointe Business Campus, a 2.2-million-square-foot master-planned industrial park.
Patrick Nally, Pete Pittroff and Dave Andrews of JLL represented the seller, a joint venture owned by North Signal Capital and a fund managed by Westport Capital Partners.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.