{"id":2310,"date":"2023-10-31T16:03:55","date_gmt":"2023-10-31T16:03:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=2310"},"modified":"2023-10-31T16:19:30","modified_gmt":"2023-10-31T16:19:30","slug":"stonepeak-sale-charleston-industrial-space-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/stonepeak-sale-charleston-industrial-space-campus\/","title":{"rendered":"Stonepeak Sells 1.3MSF Charleston Industrial Campus"},"content":{"rendered":"

Alternative investment firm Stonepeak recently announced that it had completed the sale of Omni Industrial Campus, a 1.3-million-square-foot logistics campus in Charleston, S.C. The sale price for the three-building portfolio was not disclosed.<\/p>\n

Located along I-26 between I-95 and the Port of Charleston, Omni Industrial Campus is ideally located for logistical operations in the greater metro area and beyond. One of the buildings in the campus is a 360,000-square-foot, single-tenant manufacturing facility, while the other two are categorized as warehouse and distribution space properties totaling 364,000 and 606,000 square feet, respectively.<\/p>\n

Demand for industrial space in Charleston<\/a> \u2014 especially well-connected properties like Omni Industrial Campus \u2014 is being driven up by the city\u2019s status as a growing shipping hub, as well as its robust manufacturing sector. According to commercial real estate research platform CommercialEdge, the Charleston industrial real estate market currently encompasses more than 4.7 million square feet of industrial real estate.<\/p>\n

\u201cThis transaction demonstrates Stonepeak\u2019s ability to identify and execute investments at the intersection of real estate and infrastructure,\u201d said Phill Solomond, senior managing director and head of real estate at Stonepeak. \u201cWe leveraged insights from our leading infrastructure platform to build conviction around this submarket, which has seen strong logistics growth as a direct result of the expanding Port of Charleston.\u201d<\/p>\n

New York City-based Stonepeak specializes in infrastructure and real estate assets. Recently, the company has invested in properties with strong infrastructure characteristics, like the company\u2019s latest Charleston sale, which it developed itself. Sectors of focus include supply chain, residential, health care and tech-focused real estate. Another recent area of focus for the organization has been last-mile delivery logistics as it owns and operates mission-critical, last-mile supply chain assets in densely populated infill locations.<\/p>\n

The company also recently completed its acquisition of Textainer \u2014 one of the world\u2019s largest lessors of intermodal containers \u2014 highlighting its ongoing commitment to logistics-oriented investments. The acquisition cost the new owner $7.4 billion.<\/p>\n

If you’re looking for industrial space for your business, here’s what some of the fastest-growing industrial markets in the U.S. have to offer:<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t
Industrial space in Dallas<\/a><\/td>Industrial space in Columbus<\/a><\/td>Industrial space in Nashville<\/a><\/td>\n<\/tr>\n
Industrial space in Phoenix<\/a><\/td>Industrial space in Indianapolis<\/a><\/td>Industrial space in Baltimore<\/a><\/td>\n<\/tr>\n
Industrial space in Chicago<\/a><\/td>Industrial space in Denver<\/a><\/td>Industrial space in Boston<\/a><\/td>\n<\/tr>\n
Industrial space in Houston<\/a><\/td>Industrial space in Seattle<\/a><\/td>Industrial space in Los Angeles<\/a><\/td>\n<\/tr>\n
Industrial space in Philadelphia<\/a><\/td>Industrial space in Atlanta<\/a><\/td>Industrial space in Cleveland<\/a><\/td>\n<\/tr>\n
Industrial space in Charlotte<\/a><\/td>Industrial space in Cincinnati<\/a><\/td>Industrial space in Portland<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

Stonepeak, an alternative investment firm specializing in infrastructure and real estate with strong infrastructure characteristics, has recently sold an industrial campus totaling some 1.3 million square feet of industrial space in Charleston, S.C.<\/p>\n","protected":false},"author":71,"featured_media":2313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial-real-estate-news"],"acf":[],"yoast_head":"\nStonepeak Sells 1.3M Sq. 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