Bridge Commercial Represents Seller in the 12,000 SF Sale at 7421 W Spartan Blvd
FOR IMMEDIATE RELEASE
June 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS SELLER IN THE 12,000 SF SALE AT 7421 W. SPARTAN BLVD
7421 W Spartan Blvd, North Charleston, SC –John Beam, Hagood Morrison, Hagood S. Morrison, and Brooks Courtney of Bridge Commercial represented 7421 WSB, LLC in the sale of the 12,000 square foot industrial building in North Charleston that sold for $1,000,000.
The purchaser, Gamwell Investments, LLC, was represented by Tradd Varner of Avison Young.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Mark Mattison of Bridge Commercial Represents Tenant in 9,700 SF Lease Transaction at 40 Calhoun Street
FOR IMMEDIATE RELEASE
May 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
MARK MATTISON OF BRIDGE COMMERCIAL REPRESENTS TENANT IN 9,700 SF LEASE TRANSACTION AT 40 CALHOUN STREET
40 CALHOUN STREET, CHARLESTON, SC – Mark Mattison, SIOR, CCIM of Bridge Commercial represented the tenant, Gallivan White & Boyd, PA, a regional law firm, in the leasing of 9,700 square feet of office space at 40 Calhoun Street, Charleston, SC.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Landlord in the 3,445 SF Sale at 219 & 229 Calhoun Street
FOR IMMEDIATE RELEASE
April 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS LANDLORD IN THE 3,445 SF SALE AT 219 & 229 CALHOUN STREET
219 & 229 CALHOUN STREET, CHARLESTON, SC – Hagood S. Morrison, Seth Clark and Brooks Courtney of Bridge Commercial represented Calhoun Ventures, LLC in the sale of a 3,445 square foot retail/office building and nearby parking lot at 219 and 229 Calhoun Street in downtown Charleston.
The purchaser, Jean Smith Ventures, LLC, was represented by Master Bines of Carolina One Real Estate.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Tenant and Landlord in the 150,000 SF Lease at Clarius Omni Building at 537 Omni Industrial Blvd
FOR IMMEDIATE RELEASE
April 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS TENANT AND LANDLORD IN THE 150,000 SF LEASE AT CLARIUS OMNI BUILDING AT 537 OMNI INDUSTRIAL BLVD
537 OMNI INDUSTRIAL BLVD, JEDBURG, SC – Hagood Morrison MBA, SIOR of Bridge Commercial represented Universal Logistics Holdings, Inc. in the 150,000 lease at 537 Omni Industrial Blvd in Jedburg.
The Landlord was represented by Peter Fennelly, SIOR, MCR, SLCR, Simons Johnson, SIOR, MCR, CCIM and Tim Raber of Bridge Commercial.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Landlord in 24,000 SF Lease at 270C Deming Way
FOR IMMEDIATE RELEASE
April 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS LANDLORD IN A 24,000 SF LEASE AT THE SUMMERVILLE DISTRIBUTION COMPLEX
270 Deming Way, Summerville, SC – John Beam and Hagood Morrison, MBA, SIOR of Bridge Commercial represented the Landlord, Warehouse Rentals, LLC, in the leasing of 24,000 SF at Summerville Distribution Complex.
The two buildings total 251,250 SF. One suite of 26,250 SF remains available at the Summerville Distribution Complex in Eastport Industrial Park.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Landlord in 64,000 SF Lease at 270A Deming Way
FOR IMMEDIATE RELEASE
April 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS LANDLORD IN A 64,000 SF LEASE AT THE SUMMERVILLE DISTRIBUTION COMPLEX
270 Deming Way, Summerville, SC – John Beam and Hagood Morrison, MBA, SIOR of Bridge Commercial represented the Landlord, Warehouse Rentals, LLC, in the leasing of 64,000 SF at Summerville Distribution Complex.
The two buildings total 251,250 SF. One suite of 26,250 SF remains available at the Summerville Distribution Complex in Eastport Industrial Park.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Tenant and Landlord in 65,625 SF Lease at 264 Deming Way
FOR IMMEDIATE RELEASE
April 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS TENANT AND LANDLORD IN A 65,625 SF LEASE AT THE SUMMERVILLE DISTRIBUTION COMPLEX
264 Deming Way, Summerville, SC – John Beam and Hagood Morrison, MBA, SIOR of Bridge Commercial represented the Landlord, Warehouse Rentals, LLC, in the leasing of 65,625 SF at Summerville Distribution Complex.
The tenant, TRIGO-SCSI, was represented by Brooks Courtney of Bridge Commercial.
The two buildings total 251,250 SF. One suite of 26,250 SF remains available at the Summerville Distribution Complex in Eastport Industrial Park.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Subtenant and Sublandlord in the 44,800 SF Lease at 101 Innovation Drive
FOR IMMEDIATE RELEASE
March 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS SUBTENANT AND SUBLANDLORD IN THE 44,800 SF LEASE AT 101 INNOVATION DR
101 INNOVATION DRIVE, SUMMERVILLE, SC – Hagood Morrison, Jr. and Alex Shields of Bridge Commercial represented Key West Boats in the 44,800 sublease of Innovation Drive in Summerville. The Sublandlord was represented by John Beam and Hagood Morrison, Sr. SIOR, MBA.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Wins Top Leasing Firm in CoStar Power Brokers Awards
FOR IMMEDIATE RELEASE
March 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL WINS TOP LEASING FIRM IN COSTAR POWER BROKER AWARDS
CHARLESTON, SC – Bridge Commercial is proud to announce that they were selected by CoStar as the Charleston market’s “Top Leasing Firm.” This award reflects Bridge Commercial’s deep market knowledge and leasing ability.
“CoStar proudly recognizes leaders in the industry for their unmatched performance throughout the year,” said Lisa Ruggles, CoStar Senior Vice President of Global Research. “In a constantly growing and competitive industry, each year’s award winners display strong dedication and passion for their markets.”
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Seller in the Sale of 2880 Ashley Phosphate Road
FOR IMMEDIATE RELEASE
March 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS SELLER IN THE SALE OF 2880 ASHLEY PHOSPHATE
2880 ASHLEY PHOSPHATE ROAD, NORTH CHARLESTON, SC – Hagood S. Morrison and Hagood Morrison, Sr. , of Bridge Commercial represented the Seller, an affiliate of Southeastern Freight Lines, Inc., in the sale of their 20 acre industrial site at 2880 Ashley Phosphate in North Charleston and the two buildings located thereon for $ 3,500,000. The sale took only 154 days from beginning of marketing until closing.
The purchaser was GMH Land Holdings, Inc. They were represented by John Beam and Brooks Courtney of Bridge Commercial.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Seller in Land Sale on International Circle, Summerville, SC
FOR IMMEDIATE RELEASE
February 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS SELLER IN LAND SALE ON INTERNATIONAL CIRCLE, SUMMERVILLE
INTERNATIONAL CIRCLE, SUMMERVILLE, SC – John Beam and Hagood Morrison of Bridge Commercial represented the Seller, Tree Brand Packaging, Inc., in the disposition of excess, industrial land in Summerville.
The 4.23 acre site sold for $370,125.00 on International Circle in McQueen Industrial Park.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Landlord in Lease at Summerville Distribution Complex
FOR IMMEDIATE RELEASE
February 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL INKS LEASE IN SUMMERVILLE DISTRIBUTION COMPLEX IN ORDER TO KICKSTART PROJECT!
Summerville Distribution Complex, , Summerville, SC – John Beam and Hagood Morrison, MBA, SIOR of Bridge Commercial represented the landlord, Warehouse Rentals, in the leasing of 32,000 square feet of warehouse space to Ethan Allen at Summerville Distribution Center in Summerville, SC. Matt Pickard and Mark Erickson of Colliers International represented the Tenant, Ethan Allen, in this transaction.
Summerville Distribution Complex is a new 251,250 SF industrial development with approximately 219,250 SF remaining for lease. This project offers flexible size ranges and flexible lease terms in order to best accommodate tenants/ needs. For more information on the project, visit https://bridge-commercial.squarespace.com/summervilledistributioncomplex
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge.commercial.com.
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Kuehn Niland Shields Gain Real Estate License
FOR IMMEDIATE RELEASE
January 2020
Media Contact: Alicia Niland
(843) 535-8600
alicia.niland@bridge-commercial.com
STEFAN KUEHN, ALICIA NILAND, ALEX SHIELDS OF BRIDGE COMMERCIAL EARN SC REAL ESTATE LICENSES
CHARLESTON, SC – After an extensive process, Stefan Kuehn, Associate, Alicia Niland, Marketing Specialist, and Alex Shields, Associate of Bridge Commercial, have earned their South Carolina real estate licenses.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial Represents Landlord in 211,680 SF Lease Transaction at 5801 N. Rhett Avenue
FOR IMMEDIATE RELEASE
January 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS LANDLORD IN 211,680 SF LEASE TRANSACTION AT
5801 N. RHETT AVENUE
NORTH RHETT AVENUE, CHARLESTON, SC – Simons Johnson, Peter Fennelly and Tim Raber of Bridge Commercial represented CenterPoint Properties in the most recent lease of 211,680 SF at 5801 N. Rhett Avenue, Hanahan, SC.
The tenant was represented by Avison Young.
CenterPoint is an industrial real estate company made up of dedicated thinkers, innovators and leaders with the creativity and know-how to tackle the industry’s toughest challenges. And it’s those kinds of problems—the delicate, the complex, the seemingly-impossible—that we relish most. Because with an agile team, substantial access to capital and industry-leading expertise, those are exactly the kinds of problems we’re built to solve. For more information on CenterPoint, please visit their website at www.centerpoint.com.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge.commercial.com.
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Bridge Commercial Represents Landlord in 3,770 SF Lease Transaction at Albemarle Point Center
FOR IMMEDIATE RELEASE
January 2020
Media Contact: Alicia Niland
(843) 990-7869
alicia.niland@bridge-commercial.com
BRIDGE COMMERCIAL REPRESENTS LANDLORD IN 3,770 SF LEASE TRANSACTION AT ALBEMARLE POINT CENTER
ALBEMARLE POINT CENTER, CHARLESTON, SC – Mark Mattison, SIOR, CCIM and Mike Palmer, CCIM of Bridge Commercial represented the landlord in the leasing of 3,770 square feet of office space at Albemarle Point Center, 176 Croghan Spur Road, Charleston, SC.
The new tenant, Bass Underwriters, Inc., was represented by Steve Wray with Carolina One Commercial Real Estate.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Alex Shields Joins Bridge Commercial, Charleston's Top Commercial Real Estate Firm, As Associate
FOR IMMEDIATE RELEASE
January 2020
Media Contact: Alicia Niland
(843) 535-8600
alicia.niland@bridge-commercial.com
ALEX SHIELDS JOINS BRIDGE COMMERCIAL, CHARLESTON’S TOP COMMERCIAL REAL ESTATE FIRM, AS ASSOCIATE
CHARLESTON, SC – Bridge Commercial is proud to announce the hire of Alex Shields as an Associate. Shields will work with clients on all phases of commercial leasing and sales.
Shields graduated from The University of Central Florida in 2019 with a BS in finance and a concentration in commercial real estate. While there, he was a member of the UCF men’s soccer team, competed in NAIOP’s Commercial Real Estate case competition, and worked under JLL’s Orlando industrial brokerage team.
“We are eager for Alex to use his leadership skills and knowledge of the commercial real estate market to best nurture our current client relationships while pursuing new opportunities throughout the Southeast” says Peter Fennelly, President.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
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Bridge Commercial now hiring a Marketing Specialist
JOB DESCRIPTION
MARKETING SPECIALIST
DEPARTMENT: Marketing
REPORTS TO: Vice President of Operations – Crystal Dickerson
FLSA STATUS: Non-exempt
RESPONSIBILITY TO: All Brokerage Associates
POSITION DESCRIPTION:
Under limited supervision, and on own initiative, provides marketing, communications and administrative support to all brokerage associates.
ESSENTIAL FUNCTIONS:
Types and assists in compiling correspondence, reports, proposals, marketing budgets, spreadsheets, demographic reports, etc.
Provides primary support for brokerage associates to include preparation and graphic design of proposals, broker opinion values, operating memorandums, display boards, presentations, brochures, tour books, letters, demographic reports, mailing list, etc.
Maintains electronic files pertinent to brokerage associates and is familiar with all company resources to include databases, internet sites and reference materials.
Maintain web-based listing services to include Loopnet, Costar, Catalyst, LocateSC and Bridge Website.
Use knowledge of current graphic design software (InDesign and Photoshop) to produce graphic art and visual materials for maps, property tours, packaging, proposals, brochures and informative materials on an as needed basis. May include using demographic and traffic count reports and use of software (Pictometry) to retrieve aerials.
Communicate with clients on the organization of signage requirements, broker luncheons and marketing materials.
Manage the installation and removal of all property signage including maintaining a log on the status of all signs in the market and reconciling vendor invoices.
Assist in compiling databases for mail outs and e-blasts.
Draft and send property specific e-blasts to approved databases using Campaign Monitor. Organize and manage eblast subscriber lists.
Manage Bridge social media platforms to include LinkedIn, Instagram, Twitter and Facebook.
Design and optimization of Bridge website.
Compiles press releases for the Company on matters related to transactions, promotions, Company announcements, etc.
Assist in the coordination of company events, broker luncheons, conferences and trade shows.
Answers calls, relays messages, maintains calendars, assists with scheduling appointments and travel arrangements as requested.
QUALIFICATIONS:
Education:
Bachelor’s Degree in Marketing, Public Relations, Visual Communications or other related field or four (4) years of equivalent work experience or an Associates Degree and two (2) years of equivalent work experience
Knowledge:
Superior knowledge of Microsoft Office software including Word, Excel, PowerPoint and Outlook, Adobe, InDesign and Photoshop
Skills:
Ability to create business correspondence
Excellent oral and written communication skills
Excellent spelling, grammar and composition skills
Excellent word processing skills
Ability to prioritize and manage multiple task simultaneously
Ability to work under pressure and meet deadlines
Ability to work effectively with multiple personnel
Ability to work effectively with clients and all levels of staff
Ability to exercise sound judgment and discretion
Ability to handle projects of a complex and confidential nature
Ability to handle situations independently within the scope of the position
Self-motivated and directed
High level of concentration and attention to detail
PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Continuously: Talk, hear and see (normal or corrected)
Frequently: Sit, twist/torso, bend at waist, grasp, walk, stand and manipulate a keyboard
WORK ENVIRONMENT:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The employee is responsible for minimizing accidents and for following established safety policies and procedures during performance of this job.
Continuously: Normal office conditions
Occasionally: Heat, cold, dust, dirt, flooded areas, burned areas, vapors, odors, fumes, gases, chemicals and slippery surfaces
Bridge Commercial Represents Landlord in 3,552 SF Lease Transaction at the Nexton Office Building
CHARLESTON, SC – Mike Palmer, CCIM, and Mark Mattison, CCIM SIOR, of Bridge Commercial represented the landlord in the leasing of 3,552 square feet of office space at 201 Sigma Drive, Summerville.
The new tenant, Tristar Managed Care, Inc., was represented by Michael Crotty and Michael White of Charleston Industrial.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.
North Signal Capital and Westport Capital Partners Announce 143,000 SF Lease to Expeditors within North Pointe Commerce Park
CHARLESTON, S.C., Sept. 13, 2019 /PRNewswire/ -- Today, West-Signal, a joint venture owned by an affiliate of North Signal Capital LLC and a fund managed by Westport Capital Partners LLC (the "Joint Venture"), is pleased to announce the execution of a 143,000 SF lease with Expeditors International of Washington, Inc. (NASDAQ: EXPD). Expeditors is a leading global logistics company.
Expeditors is leasing 58% of the 247,000 SF rentable area at 1017 Northpointe Industrial Boulevard. The Class A facility is designed to the highest institutional standards including: tilt-up concrete construction, 32 foot clear height, ESFR sprinkler systems and LED lighting. Expeditors will be combining their office and warehouse locations into the space. Accordingly, North Signal will be building out 22,000 SF of office space, which includes a driver's lounge to go along with the 121,000 SF of warehouse space. Completion of the buildout is expected by early December 2019. Expeditors has also entered a license agreement for 130,000 SF of the building which allow them to begin occupancy October 1st while their upfit work is completed.
"We are thrilled that Expeditors has selected North Pointe Commerce Park as its home for their mission critical distribution facility and look forward to continuing to support their future growth," said Peter Goulding, Partner, North Signal Capital
"We are excited to partner with Expeditors. Their long track record of successful innovation and commitment to Charleston make them an outstanding partner. We are also glad to further support the continued development of the Charleston region's vital role as an international trade hub," said Sean Armstrong, Principal and Portfolio Manager, Westport Capital Partners LLC.
"Expeditors is in its 25th year of doing business in South Carolina with offices based in Charleston. This investment is driven by our healthy growth in the market over the past five years as well as our desire to consolidate our office and warehouse locations into a single Class A space which are critical components of our long-term growth strategy. The site's proximity to major interstate highways as well as the port of Charleston's container terminals were important components of our site selection process," said Expeditors Charleston, SC District Manager, Tim Hall.
Expeditors was represented by Jeff Kernochan at Fischer International as well as Hagood Morrison at Bridge Commercial.
West-Signal was represented by Peter Fennelly, Simons Johnson and Tim Raber at Bridge Commercial.
104,000 SF space remain available in 1017 Northpointe Industrial Boulevard. In addition, the venture controls the last fully entitled industrial site within 10 miles from the Port of Charleston. This site has the capacity for ~125,000 SF of industrial space and is being actively marketed as a built to suit. The remaining space within North Pointe Commerce Park offer flexibility in size and configuration, a major selling point given the sub-market's current low vacancy rate and high demand.
Peter Fennelly, Hagood Morrison, Simons Johnson, and Tim Raber of Bridge Commercial represent the Joint Venture in marketing the remaining two sites within North Pointe Commerce Park to potential tenants.
About Expeditors International of Washington
Expeditors is a global logistics company headquartered in Seattle, Washington. The Company employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.
About North Signal Capital LLC
North Signal Capital LLC is a real estate investment and development firm with offices in Stamford, CT and Charleston, SC. North Signal seeks to maximize risk-adjusted returns by employing a value-based approach to real estate investing. North Signal targets investments supported by long term secular trends including the growth of e-commerce and population growth within the Southeastern US. For more information regarding North Signal Capital LLC, please visit www.northsignalcapital.com.
About Westport Capital Partners LLC:
Westport Capital Partners LLC is a real estate investment firm focusing on adding value to real estate and "hands-on" solutions to complex situations. Westport provides domestic and international real estate related investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of distressed, opportunistic and core plus real estate assets. The firm has offices in Los Angeles, California and Wilton, Connecticut. For more information regarding Westport Capital Partners LLC, please visit http://www.westportcp.wpengine.com.
About Fischer & Company
Fischer is a leading global corporate real estate firm that provides consulting, brokerage and technology solutions to corporate real estate users looking for a conflict-free broker for their real estate needs. Founded in 1985, Fischer helps clients get the most out of their real estate portfolios and activities by applying its in-depth knowledge of strategic influences to decisions that impact every aspect of their business. As exclusive tenant representatives and corporate real estate consultants for many of the world's largest companies, Fischer delivers results through deep expertise in portfolio management, strategic planning, acquisitions, dispositions, project management, transaction and construction management, capital markets, sale-leasebacks and technology. For more information regarding Fischer & Company, please visit https://www.fischercompany.com.
About Bridge Commercial
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge's brokers are best in class and known nationally for their experience and expertise. The firm offers a variety of services including tenant representation, owner representation, investment sales, strategic planning, site selection, and consulting services. For more information regarding Bridge Commercial, please visit www.bridge-commercial.com.
CONTACT: Peter Goulding, Phone: 203-572-4511, Email: peter.goulding@northsignalcapital.com
Bridge Commercial Sells 87,900 SF Manufacturing Facility at 105 Eastport Lane
CHARLESTON, SC – Hagood Morrison, MBA, SIOR, Hagood S. Morrison, John Beam and Brooks Courtney of Bridge Commercial represented the seller, Buerger Development Corporation, of 87,900 square feet of industrial space at 105 Eastport Lane in Summerville, South Carolina. The building is fully leased to Lauscha Fiber International (“Lauscha”), a subsidiary of Unifrax Corporation. The seller, Buerger Development Corporation, originally built the building for Lauscha in 1997 and expanded it in 2011.
The purchaser, STAG Industrial, Inc (“STAG”), acquired the property for investment purposes. The building is STAG’s second acquisition in the Charleston market.
Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation.
For additional information, contact Alicia Niland at alicia.niland@bridge-commercial.com.