John McDermott of the Post and Courier shares an article on the sale of a seven-building manufacturing and warehouse facilities most recently occupied by Force Protection which once employed 1,000 persons that made military troop carriers that were resistant to roadside bombs. General Dynamics, which bought Force Protection in 2011, still occupies a portion of the building(s) on a total of 259 acres, of which more than 100 remains undeveloped. The buyer was JL Woode, a local investor with offices also in Chicago.
Rite Aid, the drugstore chain headquartered in Pennsylvania, says it will build its first distribution center this century, this one in Spartanburg County. The $90M, 900k SF facility will feed merchandise to about 1,000 stores in the Southeast and employ some 600 workers. John McDermott of The Post and Courier has the announcement.
Agro Merchants Group, an Atlanta based cold storage distributor, has opened a 121,000 SF facility in the former Piggly Wiggly distribution center in Summerville, doubling the amount of cold-storage space available in the CHS market. That will help CHS compete better in the cold-storage cargo market; last year CHS had a 9% market share while Savannah had a 28% market share. One other cold-storage facility is under construction – New Orleans Cold Storage facility on Remount Road in N CHS, and Lineage Logistics has revived a stalled plan to build a 340,000 SF refrigerated warehouse in Palmetto Commerce Park. Abigail Darlington of The Post and Courier has the update.
A Kansas City-based concrete and chemical distributor will hire 50 people as it invests more than $5.5M in a 65,000SF facility it recently acquired in Harleyville to be more central to its East Coast customers, allowing it now to reach its clients from New York to Miami in just one shipping day. The Post and Courier’s Warren Wise has the announcement.
Fruit of the Loom looks to more than double the size of its already large distribution center in Jedburg, increasing from 350,000SF to 752,000 SF according to an application to fill some wetlands on its site for the expansion. John McDermott of The Post and Courier has the story.
According to The Post and Courier, Coastal Logistics Group, a 3PL, has opened a 200,000SF facility in Summerville with 30 new hires and 30 more planned.
For the second time this month, a large cold storage refrigerated warehouse user has been announced for the CHS region. This time, Agro Merchants Group announced it has leased the former Pigg distribution center in Summerville for importers and exporters of meat and other fresh foods. The 121,000 SF will be open for business in August after improvements of $8M. They are also hiring 55 to 70 new workers. This news is on the heels of Lineage Logistics announcing last week it will build a new cold storage warehouse in Palmetto Commerce Park. The Post and Courier’s John McDermott has the full story.
CA-based Lineage Logistics announced today that it is breaking ground in July on a 340k SF cold-storage warehouse in Palmetto Commerce Park in N CHS for overseas-bound meat products. The Post and Courier’s Tyrone Richardson has the story.
Hagood Morrison, SIOR, represented the buyer in the purchase of a 162,000 SF ($54/SF) distribution and manufacturing facility in Summerville. Lee Distributors plans to occupy the building, located at 325 Marymeade Drive, after an extensive renovation. No article/link.
Liz Segrist of The Charleston Regional Business Journal reports on the tightening warehouse market resulting in increasing rental rate pressure, justifying new construction. Colliers colleagues, Peter Fennelly, SIOR, MCR and Hagood Morrison, SIOR, are quoted saying new development will come by the end of 2014.