The developer of a North Charleston tranportation hub near the Port of Charleston’s Leatherman Terminal said it’s completed the first phase and is gearing up for operations to begin within the next few weeks, while a warehouse operator announced it will be part of the second phase.
Atlanta-based Capital Development Corp. said this week that the first transload warehouse at its Shipyard Creek Logistics Center will be ready this fall, though a tenant for the 160,250-square-foot property on the site’s east side has not been announced.
Transload buildings typically take in cargo on one side, package it for delivery and then load it onto trucks at the other side.
The warehouse on the newly created Sewanee Road will be on about a third of Shipyard Creek’s 135-acre site along the Cooper River. It is being marketed by commercial real estate firm JLL.
Lee Allen, managing director of JLL’s Charleston office, said the building will likely be leased to a retail tenant or a third-party logistics firm working for a retail customer.
He said the building is the Charleston area’s first speculative transload development — meaning a tenant wasn’t lined up before construction. It will be able to handle 40,000 or 50,000 containers per year.
Meanwhile, East Coast Warehouse & Distribution of Elizabeth, N.J., said it will occupy a second warehouse and distribution center that’s being built on about 27 acres at the project’s west side.
The 259,200-square-foot, temperature-controlled building — the company’s first in the Charleston area — will be used to store refrigerated goods and will serve as a base for the company’s Safeway Trucking division.
CEO Jamie Overley said the warehouse “will allow us to expand our footprint, improve productivity, maximize flexibility and offer increased speed to customers in the greater Charleston area.”
East Coast Warehouse said it’s investing $14.5 million into the expansion, which will create 52 jobs. The building will include a U.S. government inspection center and will be ready by next summer.
All told, Capital Development is investing $175 million in the Shipyard Creek project, which also includes employee and truck parking spaces and trailer storage areas. CEO John Knox Porter called it “the most significant infrastructure investment on the East Coast,” adding in a written statement that it “provides unprecedented capability for high-velocity services for importers/exporters.”
Shipyard Creek will have direct access to the Port Access Road that links Interstate 26 with the Leatherman Terminal on the old Navy base.
“The Shipyard Creek Logistics Center will add tremendous new capabilities and capacity to our market, helping serve shippers while enhancing supply-chain fluidity for the booming Southeast market,” Barbara Melvin, president and CEO of the S.C. State Ports Authority, said in a written statement.
In addition to the Leatherman Terminal, the SPA is building a rail yard next to Shipyard Creek where trains will move cargo containers to and from the port.
Capital Development focuses on industrial development at major port markets, with other projects in the Houston and Savannah areas. It bought the Shipyard Creek site for $63.5 million in November 2021.
The site once housed a factory that produced ferrochromium, a super-hard stainless steel. The Macalloy Corp. plant closed in 1998, leaving behind environmental contamination, and the property was added to the federal Superfund list.
Cleanup took place through 2006. The Environmental Protection Agency has said the site is suitable for commercial and industrial uses.
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Publish date : 2024-09-07 23:00:00
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