Avison Young brokers the sale of a fully-leased 448,765-square-foot warehouse and distribution facility in Charleston Trade Center

Global real estate advisor Avison Young brokered the sale of a fully-leased Class A, 448,765-square-foot (sf) warehouse and distribution facility located at 479 Trade Center Parkway in Summerville, South Carolina. The transaction is the buyer’s, California-based Goldrich Kest, first acquisition in South Carolina.

The sale was arranged by Avison Young Industrial National Capital Markets Group Principals Erik Foster and Michael Wilson based in the firm’s Chicago office, with local support from Senior Vice President Alex Irwin in the firm’s Charleston office.

The building sits on a 32-acre site in the highly coveted Charleston Trade Center; a three-million-square-foot industrial campus located within the Jedburg submarket, which is widely considered as ground zero for industrial activity for Port-related products. Institutional developers have planted flags in Jedburg due its prime location, strong tenant demand and top-tier industrial infrastructure. The sole tenant in the building is IFA Rotorion, a market-leading automotive supplier of prop shafts and joint competencies for companies such as BMW, Mercedes-Benz, Porsche and Ferrari.

“Investors are increasingly focused on assets that offer predictable cash flow and alignment with long-term logistics and manufacturing growth trends,” said Foster. “Facilities located near major ports, such as this property within the Charleston Trade Center, continue to attract interest due to their strategic importance within global supply chains.”