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Charleston Business

Silverman Group Taps CBRE To Lease Spec Building

Jun 12, 2018 03:51PM ● Published by Kathleen Maris

Image: A rendering of the spec building.

After acquiring 80 acres of land in April of 2018, The Silverman Group has awarded CBRE the leasing at its 562,000-square-foot spec industrial development at 1334 Drop Off Drive in Summerville, northwest of Charleston. Located at the Foreign Trade Zone industrial park, site work has commenced with plans to complete construction in the fourth quarter of 2018.

CBRE’s Bob Barrineau and Brendan Redeyoff are spearheading leasing efforts on behalf of The Silverman Group.

“We’re very excited to extend CBRE’s relationship with The Silverman Group by marketing this state-of-the-art facility for lease,” said Barrineau, senior vice president at CBRE. “The building will appeal to a variety of users interested in improving their global supply chain, including aerospace and automotive users, as well as retail distribution firms utilizing the South Carolina State Ports Authority.”

The cross-dock building will feature 36-foot clear heights, 117 dock doors, an ESFR sprinkler system, trailer parking for 264, and auto parking for 307 vehicles. It will be visible from Interstate 26 and is located just half a mile from the new exit 197 Nexton interchange and 2.5 miles from the exit 194 interchange. For more information, visit www.ftzsc.net.

“We are excited to be building this modern, state-of-the-art facility in one of South Carolina’s leading submarkets for industrial space. We believe this building will generate a strong amount of interest in the growing industrial market of Charleston,” said Blake Silverman, president at The Silverman Group.

Per CBRE research, an expanding manufacturing base and growing logistics sector are combining to usher in a period of unprecedented industrial growth in Charleston. Over the last four quarters, the industrial marketplace has absorbed more than 3.1 million square feet of space, representing an annual growth rate of 5.9 percent.

“Our goal is to deliver this facility at Foreign Trade Zone by year end. Ideally, we are looking for one tenant to occupy the entire building, although dividing the space up for multiple tenants is an option as well,” said Toby Nelson, vice president of leasing at The Silverman Group.

“We look forward to working with The Silverman Group as we target tenants looking for 200,000-562,544 square feet in the Charleston market,” said Redeyoff, vice president at CBRE.