SunCap Fills North Charleston Industrial Property with Life Science Tenant
Charlotte, NC-based SunCap Property Group has leased the entirety of Palmetto Trade Center II in North Charleston, SC to SHL Medical, a provider of drug delivery solutions. Bob Barrineau and Brendan Redeyoff with CBRE represented the developer/landlord; Sean McKee with PharmaBioSource represented SHL.
Construction of the shell building, located off Palmetto Commerce Parkway at Trade Center Court, will be complete by the end of July 2022. SHL will take immediate occupancy of the 245,000-square-foot building and upfit the space over approximately 18 months. SHL’s $90 million investment is expected to create 165 jobs.
“SHL’s decision to locate to Palmetto Trade Center illustrates the continued growth of the life science sector in SC and further confirms that the Charleston region has what it takes to attract companies of this caliber” said Derek Mathis, SVP with SunCap Property Group.
The first phase of Palmetto Trade Center delivered in 2019. Tenants include Nice Commerce, NB Handy, Home Depot and Juliska.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.