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Pure Development to Build 420K SF Charleston Industrial Project
Pure Development has acquired a 26.44 acre parcel for $7.4 million, from local water and power provider Santee Cooper, the developer of the industrial site known as Camp Hall, in Charleston, SC.
Pure Development plans to construct two speculative industrial buildings on two lots at the business park. Lot 6 will contain a 306,000 square foot warehouse, lot 7 will be a 122,000 square foot warehouse. The buildings will be sub-divisible down to 40,000 square feet, and up to 428,000 square feet.
Robert Barrineau, Brendan Reyeyoff and Tim Raber of CBRE teamed up to represent the seller. The team will also be responsible for handling the leasing of the project. CBRE’s Barrineau added, “These buildings will fill a huge demand as the Charleston industrial market continues to see record demand with historically low vacancy rates.”
Construction is scheduled to start in Q3 2023 and buildings to deliver Q3 2024.
- ◦Sale/Acquisition
- ◦Development
