Speculative logistics center coming near Dillon Inland Port
CHARLESTON, S.C. – A new logistics center is coming to a location near Inland Port Dillon.
Leasing has been assigned at a new 373,100-square-foot speculative industrial development called the 95 Inland Port Logistics Center. The center is located in Dillon County, located just one mile from Inland Port Dillon.
CBRE’s Bob Barrineau and Brendan Redeyoff as well as Palmetto Commercial Real Estate’s Drew Chaplin are spearheading leasing efforts at the property.
CBRE, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm based on 2017 revenue.
“Inland Port Dillon allows cargo owners to have increased flexibility and gain efficiency on their inland transportation expense,” Barrineau said. “We’re very excited to market the closest spec building to the Inland Port. The property’s strategic location and proximity to the Inland Port is going to generate substantial interest from importers and exporters taking advantage of direct access to the Port of Charleston via CSX rail, lower cost of empty containers, demurrage savings and reducing their carbon footprint.”
The 95 Inland Port Logistics Center is being developed by Equus Capital Partners, Ltd. The center will feature Class A warehouse/logistics space with direct access to Interstate 95. The building will begin construction in the third quarter of 2019 and will be completed in 2020.
“Equus is excited to bring Class A speculative warehouse/logistics space to the Dillon, South Carolina region,” said Dan DiLella Jr., senior vice president of Equus. “South Carolina has made a substantial investment by constructing the Inland Port Dillon. Equus believes in the inland port model and the need for users to want to utilize this type of facility to service the growing population throughout South Carolina and North Carolina.”
The logistics center is Phase I of the Equus development and features 32-foot clear heights, a 180-foot truck court, 189 parking spots, 58 loading spaces and 64 trailer parking spaces. Phase II is proposed on a close-by site, which allows for the construction of multiple build-to-suit buildings with up to 1.5 million square feet in additional development capacity.
Equus is one of the nation’s leading private equity real estate fund managers. Equus’ diversified portfolio consists of office, multifamily, industrial and retail properties located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Chicago, Los Angeles, Washington D.C., Atlanta and Raleigh-Durham.
Inland Port Dillon is located within a 3,400-acre industrial site, just minutes from the property. Since its opening in 2018, the port offers a strategic advantage to importers and exporters in the eastern Carolinas. It is served by direct rail access from the Port of Charleston via CSX. According to the South Carolina Ports Authority, which owns and operates Inland Port Dillon, the port handled 3,411 rail moves in April 2019, marking the second-best month in its history.
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