Anchored by Charleston and the upstate, South Carolina is projected to see a 3.6% economic growth this year, compared to the nation's 1.4% growth. Manufacturers' and distributors' demand for industrial and warehouse space is being propelled by the widening of the Panama Canal. Rents are...
Due to year after year growth, Mercedes-Benz Vans are confident to invest in a new facility at Palmetto Commerce Park in North Charleston. Construction expected to take three years, create about 1,300 jobs, and cover 75 football fields. Learn more here.
The developers of the new Lorelei project on Laurel Island (near Romney St & Morrison Dr) are studying the needs of the city before they determine what to build on the former 160 acre landfill. It will most likely be a combination of retail, office, restaurants, hotel, meeting space...
A ship that passed through the newly expanded Panama Canal has made it to Charleston, an 8,500 TEU vessel named the Hanover Bridge. According to the Ports Authority CEO, “We look forward to seeing this larger class of vessels more frequently in our harbor, which offers the depth and capacity...
Charleston's Planning Commission voted 5-2 against a new overlay district allowing the St. Jasper site to be primarily residential instead of mostly commercial. Read more here about the proposed overlay district here.
FOR LEASE! Will Phillips has listed 2,000 SF of office space off Clements Ferry Road. The space includes multiple offices, conference room, reception area, bathroom, and storage. Click here for more information.
Will Phillips represented the buyer and the seller in the sale of 2532 Spruill Avenue, an industrial building in North Charleston. Way to go, Will!
Publix Super Markets announces addition of first downtown peninsula location at the WestEdge Development in Charleston. The 45,800 SF store is expected to open in 2018 and will offer the full array of services. Read more here
With 11 mega developments approved in the Charleston metro area, imagine the effects on commercial real estate.... 11 locations, 78,000 homes, 200,000 people. Read more here.
Southend Brewery is set to become Lagunitas TapRoom & Beer Sanctuary, which will offer small batch beers brewed in the existing 10-barrel brewhouse. According to their website, the new TapRoom will make available the two floors of event space to local non-profits for their fundraising efforts.
Celebrate our independence responsibly. From your friends at Ravenel Commercial Properties.
The Terrace Plaza, home to James Island's Terrace Theatre, has been sold for $3.7M as an investment to a NY-based firm. The 20,000 SF center is home to Zia Taqueria, Crust Wood Fired Pizza, Studio Barre and How Art Thou. No changes currently planned for the center. Learn more here.
Charleston-based PeopleMatter announced today that it was being acquired by Virginia-based Snagajob. Snagajob connects hourly workers with businesses, while PeopleMatter provides employers with software that assists in hiring, training and scheduling. Seems like a perfect fit! Read more here.
FOR LEASE! Will Phillips has listed 5,871 SF of Class A medical or office space in the Hollings Cancer Center in Mt. Pleasant. Click here for more information.
Will Phillips' client, Charleston-based Critical Solutions International, was awarded a $33M contract to manufacture and supply 500 explosive systems to the Iraqi army to enable Iraqi soldiers to "effectively create safe passages through known and suspected danger areas and obstacles". Read more...
