Accordia Expands to South Carolina With $48M Acquisition

September 16, 2025

The industrial park is set to undergo substantial improvements.

Accordia has purchased a two-building industrial park in North Charleston, S.C., for $48 million. The seller was Accesso Partners, according to Yardi Research Data.

The Remount I and II industrial buildings in North Charleston, S.C. *Image courtesy of Accordia*

The buildings are designated as Remount I and II and total 305,114 square feet. Both are single-story flex buildings, and they occupy a 25.9-acre site. Currently 90 percent leased, the buildings were completed in 2008 and 2011, Yardi Research Data indicates.

This reportedly is both Accordia’s first commercial real estate acquisition in South Carolina and the largest in the investment firm’s 20-year history.

The buildings feature flexible floorplates capable of accommodating a range of operations and industrial tenant needs, including those of traditional industrial users and of defense organizations, which are one of North Charleston’s top growing industries. Both properties feature six dock slips, 13 drive-in doors,18-foot clear ceiling heights and 240-foot truck courts.

Located at 1101 and 1141 Remount Road, the buildings are only minutes from Charleston International Airport and easily accessible by I-26, I-526 and other major highways. In addition, the property is directly across the street from the Naval Information Warfare Center’s Atlantic Base and immediately adjacent to the North Charleston Port Terminal and rail line.

In a prepared statement, Accordia Principal Frank Recine referenced substantial improvements the company plans to make to the park. He explained to Commercial Property Executive. that these will include exterior painting, landscaping and lighting upgrades, a new signage program, outdoor common area seating and other capital improvements to the roofs and HVAC.

The port—and more

Charleston’s industrial space market saw rising net absorption in the second quarter, although vacancy rose to 15.3 percent, a major increase from 10.4 percent a year prior, according to a recent report from Lee & Associates.

The report noted that speculative construction has slowed as the market works through recent deliveries. “Despite elevated vacancy, leasing remains active, driven by port-related logistics. While trade tensions may delay some decisions, tenant interest is strong.”

Industrial development in South Carolina, however, is moving ahead in multiple locations, not just those near the Port of Charleston.

For example, in January Glenstar Logistics completed the first of five buildings at the $415 million, 290-acre Cherokee Commerce Center 85 in Gaffney, adjacent to I-84 in northern South Carolina. The speculative, cross-docked building is 550,520 square feet.

And in April, Atlanta Property Group entered the Greenville, S.C., market with its purchase of a 173,000-square-foot, 2004-vintage Class A distribution center in Greer, S.C.