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$13.3M paid for 7 industrial buildings near Summerville
A Mount Pleasant real estate investment firm recently paid $13.3 million for seven industrial and flex buildings with 91,000 square feet of space off U.S. Highway 78 south of Summerville.
WRS Real Estate Investments bought four buildings totaling 40,000 square feet at 131-135 Elliana Way and 10162 Bellwright Road from Dean Hensley Enterprises LLC of Summerville for $5.68 million, according to Berkeley County land records.
WRS also bought three buildings with 51,000 square feet at nearby 210, 216 and 217 Cember Way from Summerville Industrial Partners LLC of Jacksonville, Fla. for $7.625 million, land records show.
The properties, ranging from 2,000 to 10,000 square feet, are 100 percent leased by 18 different tenants, according to Pat Marr of WRS.
"With the growth in industrial rents, we feel good about the maket continuing to rise for smaller tenants who have fewer options," Marr said.
Future development on the site could include an additional 13,000 square feet of industrial space.
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The four-story building housing Benefitfocus's offices on Daniel Island recently sold for $61.5 million. CBRE/Provided
Chicago firm pays $61.5M for Benefitfocus building
Office owner and operator Zeller bought the four-story structure on Daniel Island where tenant Benefitfocus develops cloud-based workplace benefits software.
By the numbers
12: Millions of dollars paid for 24 acres in Nexton where a mixed-use development called One Nexton with a Publix supermarket and 351 apartments are slated to be built.
16: Number of years wing joint D.D. Peckers has been operating in West Ashley. It will close later this month.
2840: Street address on U.S. Highway 17 in northern Mount Pleasant where a Dunkin' Donuts eatery soon will occupy a former barbecue restaurant site.
This week in real estate
+ More convenience: A Charleston-based convenience store chain snagged more than $500 million in new capital to help it expand beyond its current 175 locations in five states.
+ Banking on warehousing: Investments in Charleston-area industrial sites ramp up as supply chain opportunities arise.
+ Inn coming?: Former Page's Thieves Market in Mount Pleasant could be redeveloped into a hotel.
Kiawah Island property sales topped $1B in 2021
Property sales on Kiawah Island surpassed $1 billion for the first time in 2021. The gated coastal community offers several golf courses, such as Cassique, in this photo. A new seven-home community called The Burn at Cassique soon will be offered. Kiawah Island Real Estate/Provided
Property sales on Kiawah Island surpassed $1 billion for the first time in 2021. The gated coastal community offers several golf courses, such as Cassique, in this photo. A new seven-home development called The Burn at Cassique soon will be offered. Kiawah Island Real Estate/Provided
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