Class A Industrial | For Lease: 28,944 - 400,000 SF

Portside Distribution Center is a brand new, Class A industrial development with two buildings, totaling nearly 400,000 SF and situated on approximately 31 acres in the Charleston Distribution Corridor. The first building of ±190,000 square feet is slated to be completed in August of 2020 and is subdividable to ±28,944. The second building is coming soon.
Portside is being developed by Randolph Development. The new development is able to accommodate a variety of users, including logistics companies, aerospace and automotive suppliers, defense contractors, light manufacturers and last-mile distribution.
Construction Update: Click to enlarge photograph.

Features

Clear Height

32’ minimum

Auto Parking

123

Trailer Parking

190’ truck court with additional space for dolly parking

52 spaces

Dock Doors

​ (33) 9’ x ’10’ dock-high doors with dock seals

​ (4) 20’ x 20’ drive-in doors

Walls

Tilt-up concrete panels

Roofing

​ White TPO 60-mil roofing membrane

Floors

6” concrete slab

4,000 PSI

Fire Protection

ESFR Sprinkler System

Lighting

LED fixtures

Column Spacing

54’ x 52’ spacing | Each bay is ±14,472 SF | 60’ speed bay

Location

The strategic location in the Charleston Distribution Corridor has superb access by land, air or sea. Charleston is connected to three interstates, I-26, I-526 and I-95, which provide short drive-time access to major markets like Charlotte, NC; Atlanta, GA; Columbia and Greenville, SC; as well as most of the East Coast within a matter of hours. The property is within 30 miles of all Port of Charleston terminals.

Key Distances

Interactive Map

Port Terminal

North Charleston

21.1 miles

Wando Welch

28.9 miles

Columbus Street

25.8 miles

Union Pier

26.7 miles

Veterans

22.3 miles

Interstate

I-526

19.5 miles

I-26

1 mile

I-95

32.8 miles

Airport

Charleston International

19.8 miles

Rail

Norfolk Southern & CSX Hubs

10.1 miles

Key Distances

18 minutes
24 minutes
25 minutes
25 minutes
76 minutes
83 minutes
88 minutes
142 minutes
159 minutes
160 minutes

Charleston, South Carolina

Charleston ranked #1 city in the U.S. & 12th Best City in the World

Travel + Leisure

Charleston ranked a top 10 “Small American City of the Future”

FDI Magazine

Charleston ranked a “Best Place to Live”

Outside Magazine

Charleston named South Carolina’s Top STEM City

Insurify

Market Insights

Charleston’s Connectivity

South Carolina ports broke previously set records during the 2019 fiscal year according to the South Carolina Ports Authority (SCPA). As the deepening of the Charleston Harbor continues, it handled the most cargo in the history of the port. SCPA handled approximately 2.4 million twenty-foot equivalent units (TEUs) in the fiscal year 2019, up 8.8% from 2018. SCPA has doubled its container volume over the past ten years due to the success of advanced manufacturing throughout South Carolina. In addition, by the end of 2021 the SCPA anticipates the completion of three major infrastructure upgrades: opening a new container terminal, deepening of the Charleston Harbor and upgrading Wando Welch Terminal.

 

Also, the inland ports are also breaking records: Inland Port Greer completed its most productive year ever with 143,204 rail moves, while Inland Port Dillon reported 29,580 rail moves during its first full year in operation. Charleston International Airport (CHS), sees more than 4.2 million passengers per year. ​

 

Major interstates run through the Charleston region, allowing short drive-time access to Charlotte, NC, Atlanta, GA, Columbia and Greenville, SC, among others. In addition, the region’s airport, Charleston International Airport (CHS), sees more than 4.2 million passengers per year. ​ The airport offers flights from 8 major airlines with daily non-stop flights to 23 cities in the United States. ​

Economy & Labor Market

The region’s economy is largely driven by the finance, government, ​ professional and business services and manufacturing. Additionally, Charleston continues to rank among the top cities to visit in the nation, driving a strong tourism industry that contributes to the region’s economy. In addition, the Port of Charleston’s record-setting shipping container volume further boosts the manufacturing employment sector.

 

According to the Bureau of Economic Analysis (BEA), gross domestic product (GDP) for the MSA totaled $45.50 billion in 2017, accounting for 20.39% of South Carolina’s total GDP. The finance, insurance, real estate, rental and leasing sector consistently contributes to a greater portion of total GDP. In 2017, this sector accounted for 20.81% of total GDP, followed by Government which contributed 15.57%.

Steady Investment Activity

Charleston is supported by a business-friendly environment, state and local tax incentives, efficient logistics, right-to-work status and a talented labor force. This region has successfully recruited investments from various domestic and foreign companies.

 

Supply chain, logistics and manufacturing are major areas of capital investments in Charleston driven by record-breaking Port of Charleston national and global shipments.

 

Berkeley County will benefit from A & R Logistics investing $60 million and creating around 60 jobs in the supply chain and logistics employment sector.

 

Overall, favorable cap rates, low interest rates, population growth and a strong global economy will maintain investor interest and draw new employers to the Charleston area for many years.

Industrial Market Data

Q1 2020 | Charleston Industrial

Logistics are essential amid COVID-19 outbreak

Key Takeaways

  1. Industrial activity was positive, but nominal during the first quarter of 2020.
  2. Construction deliveries are anticipated despite delays during the COVID-19 outbreak.
  3. The actual effects of the outbreak of COVID-19 on the industrial real estate sectors will not be realized for several quarters.

COVID-19 alters supply and demand

There was minimal industrial activity in the Charleston market throughout the first quarter of 2020. However, at the end of the first quarter the COVID-19 outbreak began altering the supply/demand chain on a daily basis. While many businesses switched to remote work environments, companies involved in the logistics chain were deemed essential. They continued to operate at an accelerated pace in order to deliver goods where they were needed throughout the nation. In addition, some industrial properties are being used for medical supplies or temporarily repurposed in order to make essential medical equipment when possible. While the industrial sectors of commercial real estate may fare better than others due to continued demand, the true effects of the Coronavirus will not be known for several quarters.

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Contact Us

Get in touch with us. 

Whether you're a potential tenant, partner or simply interested in learning more, we would like to hear from you.

MARK ERICKSON

mark.erickson@colliers.com

o: 843.720.7501
c: 404.226.5829

MATT PICKARD

matt.pickard@colliers.com

o: 843.720.7506
c: 404.538.0063

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