{"id":1004557095,"date":"2021-11-08T05:04:18","date_gmt":"2021-11-08T13:04:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004557095"},"modified":"2022-12-08T21:05:32","modified_gmt":"2022-12-09T05:05:32","slug":"portman-industrial-launches-distribution-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/portman-industrial-launches-distribution-campus\/","title":{"rendered":"Portman Industrial Launches Distribution Campus"},"content":{"rendered":"
\"Campus<\/a>

Campus 4A. Image courtesy of Frampton Construction Co.<\/p><\/div>\n

Portman Industrial has begun construction on Campus 4A, a three-building, 940,000-square-foot warehouse\/distribution development at Camp Hall commerce park in Ridgeville, S.C. The project\u2019s general contractor is Frampton Construction Co. LLC.<\/p>\n

\n

READ ALSO<\/strong>: While Supply Chain Slows, Logistics Real Estate Moves Fast: Report<\/a><\/p>\n

\n

Portman recently purchased the 77-acre Campus 4A site from Exeter Property Group. The location is adjacent to Volvo Cars\u2019 manufacturing plant at Fish Road and Volvo Cars Drive, has easy access to I-26 and is 30 minutes from the Port of Charleston.<\/p>\n

Of the three facilities in phase one, Buildings A and B are about 220,000 square feet each, with a rear-loading layout, 32-foot clear heights, 36 dock doors and two drive-in doors. Building C is about 500,000 square feet with a cross-dock layout, 36-foot clear height, 116 dock doors and four drive-in doors.<\/p>\n

The project is set to be completed in the fourth quarter of 2022.<\/p>\n

Portman has engaged Lee Allen and Kevin Coats from JLL Charleston as the listing agents, Seamon Whiteside as civil engineer, and McMillan Pazdan Smith as lead architect for Phase I.<\/p>\n

Portman also recently purchased the remaining 110 acres of the Campus 4 site from Santee Cooper, South Carolina\u2019s state-owned public power provider and lead designer of Camp Hall, and is planning additional buildings there. Camp Hall totals about 6,800 acres, of which 2,600 acres will be preserved.<\/p>\n

Supply chain upheaval<\/h2>\n

In a prepared statement, John Gaskin, Portman Industrial\u2019s Southeast regional manager, said, \u201cCampus 4 provides us with the ability to target a diversity of tenants,\u201d whether they\u2019re seeking \u201csmaller, single-load facilities that have been the hallmark of Charleston\u2019s tenant demand\u201d or larger cross-dock logistics facilities of roughly 500,000 to 1 million square feet, which are in short supply in the Charleston area.<\/p>\n

Just about every size of distribution space seems to be in high demand in metro Charleston, which has an overall vacancy of 2.4 percent, according to a third-quarter report from local CRE firm Bridge Commercial.<\/p>\n

Part of the impetus behind this, the company says, is that diminished reliability in the supply chain is causing a wide range of manufacturers to hold significantly more inventory than they have in recent years.<\/p>\n

Bridge also notes that the Charleston-area market is seeing forward sales, that is, purchases by investors of speculative industrial buildings before they\u2019re leased and \u201cbased on hypothetical tenants and future cap rates.\u201d<\/p>\n

Last December, a 448,765-square-foot industrial campus in Summerville, S.C., sold for $55 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The developer is also eyeing future phases in this Charleston suburb. <\/p>\n","protected":false},"author":882,"featured_media":1004557105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742],"tags":[35364,36556,32796],"class_list":["post-1004557095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","tag-exeter-property-group","tag-frampton-construction","tag-jll"],"acf":[],"yoast_head":"\nPortman Industrial Launches Distribution Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/portman-industrial-launches-distribution-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portman Industrial Launches Distribution Campus\" \/>\n<meta property=\"og:description\" content=\"The developer is also eyeing future phases in this Charleston suburb.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/portman-industrial-launches-distribution-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-08T13:04:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:05:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Campus-4A.png\" \/>\n\t<meta property=\"og:image:width\" content=\"456\" \/>\n\t<meta property=\"og:image:height\" content=\"342\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portman-industrial-launches-distribution-campus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portman-industrial-launches-distribution-campus\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Portman Industrial Launches Distribution Campus\",\"datePublished\":\"2021-11-08T13:04:18+00:00\",\"dateModified\":\"2022-12-09T05:05:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portman-industrial-launches-distribution-campus\\\/\"},\"wordCount\":420,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portman-industrial-launches-distribution-campus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/11\\\/Campus-4A.png\",\"keywords\":[\"Exeter Property Group\",\"Frampton Construction\",\"JLL\"],\"articleSection\":[\"Development\",\"Industrial\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portman-industrial-launches-distribution-campus\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portman-industrial-launches-distribution-campus\\\/\",\"name\":\"Portman Industrial Launches Distribution Campus - 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