With linkage to the Port of CHS, large European company ThyssenKrupp will open a 39,000 SF distribution center in Palmetto Commerce Park in North Charleston. David Wren has the announcement here.
The French-owned landing-gear supplier for Boeing’s 787 Dreamliner is reportedly looking at sites in and around Palmetto Commerce Park in N CHS. David Wren of The Post and Courier has the story here for The Post and Courier.
The city council of N CHS and Weber USA Corp. have agreed to build a road that will link Palmetto Commerce Park to Patriot Boulevard. The road was part of the development and presumably access for the new Sprinter Vans assembly plant that Mercedes announced on March 6. Ashley Heffernan of The CHS Regional Business Journal has the story.
Daimler AG will build Mercedes-Benz Sprinter vans in N CHS, creating some 1,360 new jobs. They will join the 140 employees at Palmetto Commerce Park off I-26 and University Blvd.. The 200-acre Sprinter factory will have an assembly line, a paint shop and a new body shop and is the “key to our future growth in the very dynamic North American van market” according to the head of Mercedes-Benz Vans. Construction will begin in 2017 and the first vans will roll off the assembly line by the end of the decade. Today, the vans are sold in North America but made in Germany, partially disassembled and then shipped to N CHS for reassembly, all to avoid import tariffs. Reportedly, CHS and SC competed against two other states to get the plant, and the state’s willingness to train workers was the key – plus some economic incentives. Warren Wise, David Wren and John McDermott have the story for the Post and Courier.
CHS’ warehouses continue to fill up and with regional vacancy just 7.5% at year-end 2014, and down considerably in N CHS (6.9% in 2013 to 3.9% at year-end 2014), with significant demand for smaller spaces, from 15k-30k SF, all according to an article from David Wren of The Post and Courier. Our own Colliers industrial team, led by Hagood Morrison, SIOR, and Simons Johnson, SIOR, MCR, CCIM, reports much the same with almost 400k SF of absorption in Q4 alone, strongest in Hanahan/N. Rhett and N CHS, and very little under construction (a 275k and a 140k both at Palmetto Commerce Park). Their YE2014 Report on the CHS Industrial Market is available here.
Now at 2,400 planes on order, Boeing announced a leasing company’s order to purchase $8.5B for 80 737 MAX jets. Boeing is building a plant in Palmetto Commerce Park in N CHS that makes engine components for the 737 MAX. Warren Wise of The Post and Courier has the announcement.
Another job announcement. Roper St. Francis Healthcare announced today its consolidation of about 600 area jobs to a new 130k SF office building at Palmetto Commerce Park in N CHS. John McDermott of The Post and Courier has the announcement.
Anyware Express is expanding in Palmetto Commerce Parkway in N CHS, opening a 100k SF warehouse it will share with Foodhandler at 9016 Palmetto Commerce Parkway in Palmetto Commerce Park. Warren Wise of The Post and Courier has the announcement.
Garuda Indonesia Airlines has ordered 50 Boeing 737MAX airliners. That now makes 2,295 jets for 47 customers worldwide on order for the plane, engine parts of which will be made beginning in 2015 at a new plant currently under construction in Palmetto Commerce Park in North Charleston. Warren Wise of The Post and Courier has the article.
Palmetto Commerce Park has undergone a significant transition into one of the region’s few true industrial parks and with its proximity to I-26/I-526, the airport, and Boeing it is realizing big users creating hundreds of jobs for the area. Today, the park includes two Boeing plants, one for cabin interior parts for the 787 Dreamliner and one that will open in mid-2015 that makes parts for next generation of the 737MAX jet engines. Other users include Damiler Sprinter vans, Cummins Turbo Technologies, other parts makers for Boeing, as well as food and frozen food distributors, and a 911-dispatch center. Warren Wise of The Post and Courier has the story on the park.