{"id":1004647484,"date":"2023-02-24T00:09:08","date_gmt":"2023-02-24T08:09:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004647484"},"modified":"2023-02-24T00:11:38","modified_gmt":"2023-02-24T08:11:38","slug":"stockbridge-buys-charleston-area-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stockbridge-buys-charleston-area-distribution-center\/","title":{"rendered":"Stockbridge Buys Charleston-Area Distribution Center"},"content":{"rendered":"
\"\"<\/a>

Sagebrook Home Distribution Center. Image courtesy of JLL<\/em><\/p><\/div>\n

Stockbridge<\/strong> has purchased a 430,920-square-foot Class A industrial facility in Summerville, S.C. The fully leased property changed hands for $49 million, according to Berkeley County public records.<\/p>\n

JLL<\/strong> negotiated on behalf of the seller, Lightstone Group<\/strong>, which previously purchased the property in 2021, for $33 million, CommercialEdge data shows.<\/p>\n

Serving as a regional distribution center for Sagebrook Home, the single-story industrial asset is located at 574 Trade Center Parkway and features 36-foot clear heights and 266 parking spots, the same data provider shows. Situated within Charleston Trade Center, on nearly 35 acres, Sagebrook Home Distribution Center is close to interstates 26, 95 and 526, 19 miles from Charleston International Airport and within 27 of Port of Charleston.<\/p>\n

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READ ALSO:<\/strong> US Port Activity Reaches Peak<\/a><\/p>\n

\n

A JLL Capital Markets Investment Sales Advisory team formed of Director Dave Andrews, Senior Managing Directors Patrick Nally and Pete Pittroff, together with Associate Josh McArdle, worked on behalf of Lightstone Group.<\/p>\n

In November 2022, the same company assisted Trinity Capital Advisors<\/a> in the disposal of its TradePark East in Charleston, S.C. The developer sold its first speculative project in the area, that is composed of four buildings and encompasses 837,000 square feet of industrial space, before construction began, to an undisclosed buyer. Earlier that month, JLL represented Edgewater Ventures, in partnership with Singerman Real Estate, in the disposition of a 450,033-square-foot logistics center<\/a> in Graniteville, S.C.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fully leased property changed hands for $49 million.<\/p>\n","protected":false},"author":2991,"featured_media":1004647491,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742],"tags":[32796,44006,33258,44465],"class_list":["post-1004647484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","tag-jll","tag-jll-capital-markets","tag-lightstone-group","tag-stockbridge"],"acf":[],"yoast_head":"\nStockbridge Buys Charleston-Area Distribution Center - CPE<\/title>\n<meta name=\"description\" content=\"Lightstone Group sold the 430,920-square-foot Class A industrial facility in Summerville, S.C., for $49 million.\" \/>\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\/stockbridge-buys-charleston-area-distribution-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stockbridge Buys Charleston-Area Distribution Center\" \/>\n<meta property=\"og:description\" content=\"Lightstone Group sold the 430,920-square-foot Class A industrial facility in Summerville, S.C., for $49 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stockbridge-buys-charleston-area-distribution-center\/\" \/>\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=\"2023-02-24T08:09:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-24T08:11:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Sagebrook-Home-Distribution-Center-Email-e1677156042912.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"843\" \/>\n\t<meta property=\"og:image:height\" content=\"631\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-buys-charleston-area-distribution-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-buys-charleston-area-distribution-center\/\",\"name\":\"Stockbridge Buys Charleston-Area Distribution Center - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-buys-charleston-area-distribution-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-buys-charleston-area-distribution-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Sagebrook-Home-Distribution-Center-Email-e1677156042912.jpg\",\"datePublished\":\"2023-02-24T08:09:08+00:00\",\"dateModified\":\"2023-02-24T08:11:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Lightstone Group sold the 430,920-square-foot Class A industrial facility in Summerville, S.C., for $49 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-buys-charleston-area-distribution-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/stockbridge-buys-charleston-area-distribution-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-buys-charleston-area-distribution-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Sagebrook-Home-Distribution-Center-Email-e1677156042912.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Sagebrook-Home-Distribution-Center-Email-e1677156042912.jpg\",\"width\":843,\"height\":631,\"caption\":\"Sagebrook Home Distribution Center. 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