(Photo Courtesy of Accodria Real Estate)
CBRE announced the sale of Remount I & II, a 305,114-sq.-ft. master-planned office and industrial park located at 1101 and 1141 Remount Road in North Charleston, S.C., to Accordia Real Estate for $48.05 million.
CBRE’s Patrick Gildea, Matt Smith, Robert Hardaway, Charlie Carmody, Chip Shealy, and Will Yowell, along with Newmark’s Jay O’Meara, Justin Parsonnet, and Ryan Reethof represented the sellers, Accesso Partners / Partners Group, in the transaction.
CBRE’s Matthew Pizzolato and Josh Stein also represented the buyer, Accordia Realty, in arranging the acquisition financing through CIBC and a joint-venture equity partnership with an institutional partner.
Remount I & II is a single-story, dual flex asset situated on approximately 25.88 acres. Currently 90 percent leased to seven tenants, the buildings feature steel-frame and concrete tilt-up wall construction, 18-foot clear heights, six dock slips, 13 drive-in doors and 240-foot truck courts. The layout includes flexible floor plates designed to support a range of tenant sizes and operational needs.
“Remount Business Park is emblematic of a broader trend in which capital formation is building around flex and office/warehouse strategies,” said Patrick Gildea, vice chairman and co-head of U.S. Office Capital Markets, East Region.
“The combination of strong fundamentals and supply constraints is driving rental rates upward across the board,” said Matt Smith, First Vice President, CBRE.
Strategically located in North Charleston, the property offers direct access to I-26 and I-526 and is minutes from Charleston International Airport. It neighbors the Naval Information Warfare Center (NIWC) and sits adjacent to the North Charleston Port Terminal, placing it in one of the nation’s top emerging industrial markets. It’s also conveniently positioned just five minutes from the Park Circle neighborhood and less than 15 minutes from Charleston’s famed King Street corridor.
“Strong fundamentals are driven by the flexibility of the product, which attracts a wide variety of occupiers,” said Frank Recine, principal and head of leasing for Accordia Real Estate. “Remount Business Park, offering fully climate-controlled warehouse, office, and other specialty uses, is ideally located for tenants serving NIWC, the North Charleston Port, and traditional industrial and office needs.”
According to CBRE’s Q2 2025 Charleston Industrial report, investment activity surged to $91.6 million in Q2, signaling continued confidence in the market.
The Boulevard Bazaar artisan's market, a collaboration between Celadon and Navy Yard Charleston, is set to return for the last time in 2025 on Sunday, Oct. 5. Read More »
Comments
No comments on this item Please log in to comment by clicking here