Blog Archives

AIG Moving to Nexton In Summerville

The insurance giant has signed a lease for almost 5,000SF in the new Nexton Office Campus building.  Colliers International represented the landlord.  Tryone Richardson of The Post and Courier has the story.

Summerville Medical Center to Build $8M MOB

HCA, owner of Summerville Medical Center, will break ground on a 40,000 SF medical office building at 295 Midland Parkway in Summerville.  The groundbreaking is June 25.  LowcountryBizSC.com has the announcement.

Parking Garage/Office Building Planned To Overlook Shem Creek Moving Forward

Tex Small, owner of The Market at Oakland shopping center in Mt. Pleasant, is moving forward with plans for a 4-story structure overlooking Shem Creek with the first two floors a parking garage and the top two for commercial/office space.  About one-half of the 245 parking spaces will be open to the public at all times in a parking-starved area, and the other 120 spaces will be for the building’s tenants/visitors during business hours, but also available to the public in the evenings and weekends.  Jennifer Berry Hawes of The Post and Courier has the story and the update of the development, a joint venture with the town of Mt. Pleasant.

Boeing Vendor To Open CHS Office

PacRim Aerospace, an engineering firm from Washington state has opened an office in CHS at 215 East Bay Street downtown.  It expects to hire at least 100 jobs over the next couple of years and hopes to add a second, larger office in N CHS at some point.  John McDermott and Warren Wise of The Post and Courier have the story.

Faber Place Office Building Sold at $169/SF (UPDATE)

A modest mid-rise office building in Faber Place Office Park off Leeds Avenue and I-526 sold in mid-March at a recorded price of $9,600,000, but the effective price was more like $10.5M, or just shy of $170/sf.  Traded at a very strong cap rate, reflective of it being anchored by the GSA and and one very large aircraft manufacturer, plus a couple of small tenants.  No article.

More Jobs Jobs Jobs – BenefitFocus to Add 1,200 Jobs on Daniel Island

Daniel-island based BenefitFocus, the insurance benefits firm, announced it will be hiring 1,200 tech positions at its campus that will also include an additional 145,000 SF office building and plans for another 145,000 SF building.  The move triples it employment in CHS.  See the article from John McDermott of The Post and Courier.

New Medical Office Building To Start in Mt. Pleasant

East Cooper Medical Center announces it is spending $11M on a new MOB of 42,000 SF that will focus on its women’s services and orthopedics.  See the article by John McDermott of The Post and Courier.