Post on 15-Jan-2016
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CHARLESTON INDUSTRIALSITE SELECTION PACKAGECHARLESTON, SOUTH CAROLINA
2014
Prepared by Mike White, SIOR, CCIM
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CHARLESTON INDUSTRIAL
The “Coming Boom”
Boeing Aviation Port of CharlestonWind Turbine Defense
Overall Market and Demographic Growth
Increasing Sophistication of Industrial Base
Lack of Large Sites, Pressure on Pricing
Proximity to Boeing and Charleston International Airport
Market Trends: 2013 – 2020 A Decade of Growth Ahead
New $750 million Boeing 787 assembly plant next to its two North Charleston fuselage factories. The1.2-million-square-foot Dreamliner production line opened in December 2011, and is the third site in the world where wide-body commercial jets are assembled
IMO Group (Germany), the worlds leading manufacturer of wind turbine bearings, coming to Charleston; research grant for Clemson Restoration Institute to build and operate a large wind turbine testing facility
Widening of the Panama Canal scheduled for completion in 2014 to allow post-Panamax ships to pass through; expansion of The Port of Charleston to accommodate larger ships and increased activity after the widening
SPAWAR and SAIC, major defense contractors and Force Protection, Inc, the creators of MRAP (mine-resistant ambush protected) technology for armored vehicles
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CHARLESTON INDUSTRIAL
Our Industrial Market Map
www.charlestonindustrial.com
We use this map to help focus our clients on those areas where industrial development is most likely to take place. We further catalog each of Charleston’s Industrial buildings on our searchable, digital database. Each building in the database contains the most relevant information as well as aerial photos to help our clients as much as possible. We can instantly create detailed tour books that meet our client’s most exacting requirements.
On our website, we feature Charleston’s Industrial Market Map. This one-of-a-kind mapping tool highlights each of Charleston’s industrial parks and zones. Our website and digital database is constantly expanding and being updated as new information flows in.
2) THE INDUSTRIAL PARK
3) THE SITE1) THE MARKET MAPOur Market map contains the biggest and most prominent industrial parks in Charleston, SC including the Mt. Holly and Jedburg areas.
Every site in every park has its own detailed information sheet just like the one shown here. This sheet contains some of the most important specifications for each site in order to create an “at-a-glance” feel.
Each Industrial Park has its own individually boxed and numbered buildings that correspond to the numbers on the information sheet.
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CHARLESTON INDUSTRIAL
The Boeing 787 DreamlinerA New Direction, The 787:
Beginning with the initial offer to airlines in late 2003 to purchase the new Dreamliner jets, the 787 aircrafts have been Boeing’s best selling jets to date. Almost
600 of the airplanes were purchased before any had even rolled out of the factory. Boeing’s revolutionary 787 is known in the aviation industry as the “game-
changer”. Boeing, both as a company and as an aviation-manufacturing leader, has broken new ground along with the production of the 787. First, the 787 is a
revolution on its own, to aviation-manufacturers everywhere because of its state-of-the-art lightweight composite construction. Using lightweight composite
metals such as carbon fiber to construct nearly 50% of the plane by weight makes the 787 a new standard on building commercial jets. These new materials
make the aircrafts lighter allowing them to use 20% less fuel than that of the normal aircrafts today. The 787 Dreamliner is also changing how passengers view
traveling by air. The 787 jets boast comfier seats with more spacious cabins, more cargo space and most importantly, bigger windows.
“The 787 not only will revolutionize air travel, it represents a new way of building airplanes,”
says Scott Strode, 787 vice president of Airplane Definition & Production. The once
isolated Boeing has moved out 70% of the work to build the 787 jets to nearly
50 partners and top-tier suppliers at 135 different sites. This is a very different
manufacturing and assembly process for any aviation-manufacturer but is especially
different for Boeing. Basically, Boeing will have the different parts of the 787
manufactured in different areas to later be shipped to their Washington headquarters
for final assembly and inspection. This complex supply chain is a revolution to industrial
airline manufacturers everywhere.
The Move to Charleston:
After the initial success of the 787 jets, Boeing has announced that they have selected North Charleston as the site for their second 787 manufacturing facility.
The Boeing Company has expressed their confidence in their move to the budding and emerging industrial market that is Charleston, South Carolina. Boeing is
a company that is known for exquisite jet manufacturing but it will now forever be known for revolutionizing the aviation industry. It is flattering that Boeing, at
this time of renovation and ground-breaking decisions chose Charleston, South Carolina as their second home for the manufacturing of the 787 Dreamliner jet.
“The 787 may be a ‘game-changer’ for Boeing,” said United States Congressman James Clyburn, “but Boeing, is a ‘game-changer’ for South Carolina.”
Charleston is also in the process of bringing many new road improvements, many of which are already complete and drivable, to the area around Boeing’s new
manufacturing facility. The new roads will cut travel times between important land parcels, Boeing and the CHS Airport down to mere minutes.
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CHARLESTON INDUSTRIAL
Ranked the fourth busiest and seventh largest port in the United States, the Port of Charleston has been a major global center of commerce and trade for
over three centuries. Branded as “The Pros of Productivity”, the backbone of the Port of Charleston is its throughput speed and efficiency. More high
crane container lifts are done at this port than any other in the Western Hemisphere. The Port of Charleston also hosts a 45-foot deep harbor at low tide
and with enough space to handle up to 8,400 TEUs. The Port of Charleston is preparing for the rapid increase in shipping containers that will call on the
port after the widening of the Panama canal in 2014. The Port Authority received permits for a new three berth 280-acre terminal at the former Charleston
Naval Base. Construction is scheduled to be completed in 2014. With this expansion the Port of Charleston will have a total of six different terminals at its
disposal all closer to the open sea than any competing East Coast ports. The Port of Charleston is also one of only a handful of ports to have received the
Presidential “E” and “E-Star” awards for excellence in exporting.
Features of The Port of Charleston:
41 moves per hour per crane compared to the U.S. average at 25 – 27 moves
Handles nearly 1.2 million TEUs annually
The fastest transit times from open sea to dockside on the East coast, only 1-2 hours
Deepest and widest channels in the Southeast allowing ships to spend minimal time in-port
Charleston Customs District ranks as the nation’s sixth largest in dollar value of international shipments as it handles cargo valued at more than $55 billion
Trucker turn around time averages only 20 minutes
More than 40 ocean carriers currently offer services in Charleston including all 20 ocean carriers serving U.S. ports
The South Carolina Ports Authority owns and operates 5 terminals in the Charleston area. These terminals collectively handle nearly 1.2 dmillion TEUs annually.
The Port of Charleston is the only port in the Southeast that can efficiently handle post-Panamax vessels up to 8,400 TEUs.
The Port serves more than 150 countries worldwide with 40 steamship lines, including all of the top 20 carriers.
The Port of Charleston
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CHARLESTON INDUSTRIAL
The “Great Eastern Migration”
The ongoing expansion of the Panama Canal will have a significant impact on the industrial warehouse and logistics footprint currently located around the LA/LB ports and the Inland Empire in Southern California. West Coast ports are expected to see less container volume as cargo traffic is diverted through the expanded Panama Canal in 2014. The Port of Charleston is expected to see significant increases in TEU volume and post-Panamax cargo ship traffic as shippers seek to shorten their supply chains and move away from the West Coast ports and costly cross-country rail movements currently needed to move product to the East. Retailers such as Wal-Mart and Home Depot have built millions of square feet of warehousing along the East Coast in anticipation of the Canal completion. Charleston’s already deep harbor and quick access to the Atlantic deep water shipping lanes will ensure that super ships have proper access, turning radius and throughput while at berth in Charleston. CSX and Norfolk Southern will both provide intermodal rail service and connections to over 30 states through The Port of Charleston. Charleston is already servicing post-Panamax ships, such as the 1,100 foot long MSC Rita, which traverses the Suez Canal route linking Asia with the East Coast. We expect to experience a “Great Eastern Migration” as warehouses, suppliers and third party logistics service providers shift their supply chain footprint from the Western ports to the Eastern ports to handle this increase in container volume.
The Shift from West Coast ports to East Coast ports
NY/NJ
Norfolk
Charleston
Savannah
Jacksonville
LA/LB Inland Empire
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CHARLESTON INDUSTRIAL
Transportation InfrastructureRoadways:
Interstate 26 (east/west) the major highway into and out of Charleston– runs inland, intersecting with Interstate 95 (north/south) approximately 55 miles northwest of Charleston. Interstate 26 also intersects Interstate 77, 20, 85 and 40.
Interstate 526 (Mark Clark Expressway) – a new, 19-mile inner-belt freeway connecting Mount Pleasant, North Charleston, and the West Ashley area of Charleston. The completion of this interstate has reduced traffic congestion and greatly improved vehicular access in the Tridentarea.
US Highway 17 – parallels the coast; connects with Myrtle Beach to the north and Savannah, Georgia to the south.
Interstate 95 the largest highway along the Eastern coast of the United States, runs down from the US / Canadian border in Maine, past Charleston and down into Miami, Florida, effectively connecting the entire Eastern United States.
Rail:
Norfolk Southern and CSX Systems offer over 40,000 miles of combined freight rail in 23 different states in the eastern United States. Amtrak rail offers passenger service throughout South Carolina and the United States. Norfolk Southern and CSX provide dedicated intermodal trains for service to key markets and connect directly to different port terminals in Charleston.
Airport:
A new Charleston International Airport (CHS) was opened in 1985. This new facility is shared with theCharleston Air Force Base, one of our cities preeminent military founders. The Daily Flights have increasedmore than 68% in the past seven years. Charleston International Airport now boasts over 100 flights a day.
Airlines serving Charleston include: Delta, US Airways, Northwest, United Express, Continental and American Eagle. In 2010, Southwest Airlines announced its move to Charleston as well. Southwest Airlines plans to launch its first flight in March of 2011. Non-stop flights are offered daily to/from: Atlanta, Charlotte, Chicago, Cincinnati, Dallas/Ft. Worth, Detroit, Houston, Memphis, Miami, Newark, New York/LaGuardia, Philadelphia and Washington/Dulles and Washington/National.
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CHARLESTON INDUSTRIAL
Industrial
Commercial
5.64
8.71
6.54
9.58
Electricity Costs (¢/kwh)
United States Average
South Carolina Average
Source: www.crda.org
Electricity and Natural Gas:
The Greater Charleston is served with a capacity of 11,685 megawatts of power from two facilities
The Charleston region is part of the South Carolina transmission grid, which is served by four generating with a capacity of 19,721 megawatts of power
South Carolina’s industrial and commercial average rates are consistently lower than the United States average
Providers:• SCANA – SCE&G and Carolina Gas Transmission Corp.• Santee Cooper• Berkeley Electric Cooperative• Edisto Electric Cooperative
Utility Costs and Contacts
Water:
Water is a defining feature of the Charleston area. Water is obtained throughlocal area lakes, rivers and wells. Primarily the Edisto River and the Bushy ParkReservoir serve the Charleston region. These local water sources eliminate the expense of importing water from a distant source.
Providers:• Berkeley County Water & Sanitation Authority (BCW & SA)• Charleston Water System• City of Goose Creek• Dorchester County Water and Sewer• Moncks Corner Public Works Commission• Mt. Pleasant Waterworks and Sewer Commission• North Charleston Sewer District• Summerville Commissioners of Public Works
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CHARLESTON INDUSTRIAL
Industries and Employers
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CHARLESTON INDUSTRIAL
Labor and TrainingWorkforce Training Programs:
One of the lowest unionization rates in the U.S.
One of the lowest work stoppage rates in the U.S. with minimal working time lost due to strikes in manufacturing and non-manufacturing industries combined
4th best in workforce training programs in the U.S. (Expansion Management.com)
Ranked 6th in the nation based on quality, availability of workers and workforce training (CNBC)
Customized training through readySC
As a state funded program, readySC is provided at little or no cost to companies creatingnew jobs with competitive wages and benefits.
The readySC program offers customized recruitment, assessment, training development, management and implementation services to qualifying companies.
Workforce Investment Act (WIA) employment and training services
Provided through the Trident One-Stop Career System, the WIA is a public-private partnership offering employment-related services to both job seekers and employers
Existing industry retraining funds
South Carolina supports existing companies by offsetting a portion of the cost associated with the retraining of qualifying employees. Companies may be reimbursed up to $500 per employee per year.
Labor:
Berkeley, Dorchester and Charleston County Labor Statistics
2013 Forecast
Employment Pool: 333,000
Employed 300,546
Unemployed 24,517
Unemployment Rate 7.4%
Charleston’s civilian labor force and employment growth from 2000-2009 is far ahead of both South Carolina and the rest of the United States combined. (CRDA)
Charleston’s workforce has been steadily growing since 2001 and is showing no signs of slowing down in the near future.
Students at Trident Technical College work on an airplane wing.
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CHARLESTON INDUSTRIAL
Market Trends and Statistics
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CHARLESTON INDUSTRIAL
Class “A” Industrial Vacancy
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CHARLESTON INDUSTRIAL Available Buildings – August 2014
3191 Ashley Phosphate RdNorth Charleston, SCFormer Radio Shack Distribution
Asking Rate: $3.25psf NNN Building Class: B-Total Building Space: 247,000 SFAvailable Space : 155,719 SFOffice Area: 9,703 SFClear Height: 21’ Air Conditioning: NoBroker Contact: Todd GarrettCompany: Avison Young
Michael G. White, SIOR, CCIM, Broker-In-Charge I Charleston Industrial I Office: 843.377.8333 I Mobile: 843.819.1234
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CROSSPOINT at Palmetto Commerce Park | Class “A+” Industrial
Crosspoint Building #1 182,000 SF Fully Leased Boeing Research & TechnologyJAS Forwarding
Crosspoint Building #2 182,000 SF Permit-Ready forImmediate Construction10 Months to Completion
Contact: Mike White Charleston Industrial 843.819.1234 (m) 843.377.8383 (o)
Crosspoint Building #3 75 Acres cleared and ready for immediate build-to-suit construction of up to 1.3 MM SF
Crosspoint Building #4 273,000 SF Construction Commenced Available late December 2014
BLDG 4
BLDG 3
BLDG 1
Palmetto Commerce Parkway
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Boeing787
Interiors
Boeing737
Propulsion
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BLDG 2
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1320 Garrott AvenueGoose Creek, SCDistribution Warehouse
Asking Rate: $3.95psf NNNBuilding Class: B+Total Building Space: 100,823 SFAvailable Space : 100,823 SFOffice Area: 2,345 SFClear Height: 30’Air Conditioning: NoBroker Contact: Bob BarrineauCompany: CBRE
2
Daimler
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CHARLESTON INDUSTRIAL
+94,511 SFLEASED
LEASED
212,000 SF
Available Buildings – August 2014
7410 Magi RoadHanahan, SCFormer Jones Apparel Group
Asking Rate: $4.95psf NNN Building Class: ATotal Building Space: 302,400 SFAvailable Space : 151,602 SFOffice Area: NoneClear Height: 30’Air Conditioning: Yes, 9 unitsBroker Contact: Shaun KirchinCompany: Binswanger
4 300 Eagle RoadGoose Creek, SCFormer Briggs
Asking Rate: $3.00psf NNN Building Class: BTotal Building Space: 284,750 SFAvailable Space : 284,750 SFOffice Area: 12,765 SFClear Height: 20’ – 30’Air Conditioning: NoBroker Contact: Bob BarrineauCompany: CBRE Carmody
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5801 North Rhett AvenueNorth Charleston, SC
Distribution WarehouseAsking Rate: $4.25psf NNN Building Class: BTotal Building Space: 511,782 SF
Available SFBuilding I: 212,000 SF Suite A: 102,143 SF, 1800 Office SF Suite B: 109,857 SF, 1795 Office SF
Available SF Building II: 94,511 SFOffice Area Building II: 1,970 SF
Clear Height: 24.5’ – 26’ Air Conditioning: NoBroker Contact: Lee AllenCompany: JLL
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*Sub-Lease Expires April 29, 2015
Michael G. White, SIOR, CCIM, Broker-In-Charge I Charleston Industrial I Office: 843.377.8333 I Mobile: 843.819.1234
1124 Newton WaySummerville, SCDistribution Warehouse
Asking Rate: $4.75psf NNN Building Class: ATotal Building Space: 342,926 SFAvailable Space : 146,640 SF Office Area: NoneClear Height: 33’Air Conditioning: NoContact: Josh JonesCompany: Johnson
Development
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CHARLESTON INDUSTRIAL Available Buildings – August 2014
9 3290 and 3298 Benchmark DriveLadson, SC
Distribution Warehouse
Asking Rate: $3.75psf NNN Buildings Class: CClear Height: 24’Air Conditioning: No
3290 Building Space: 100,000 SF3290 Available Space : 100,000 SF3290 Office Area: 4,500 SF
3298 Building Space: 157,000 SF3298 Available Space : 157,000 SF3298 Office Area: None
Broker Contact: Will MartinCompany: Holcombe,
Fair & Lane100,000 S
F
3290 Benchm
ark .
3298 Benchm
ark
157,000 SF
Michael G. White, SIOR, CCIM, Broker-In-Charge I Charleston Industrial I Office: 843.377.8333 I Mobile: 843.819.1234
10 4801-B Rivers AvenueNorth Charleston, SC
Distribution WarehouseBuilding Class: BTotal Building Space: 77,642 SFAvailable Space : 77,642 SF
(Will not Sub-divide)Office Area: 912 SFClear Height: 23’Broker Contact: Bill EdlundCompany: Palmetto Commercial
8 7391 Pepperdam AvenueNorth Charleston, SCDistribution Warehouse
Asking Rate: $3.65psf NNN Building Class: CTotal Building Space: 101,500 SFAvailable Space : 101,500 SFOffice Area: 4,500 SFClear Height: 20’Air Conditioning: NoBroker Contact: Charlie MooreCompany: Carolina Commercial
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CHARLESTON INDUSTRIAL Available Buildings – August 2014
Crosspoint
Active Port Terminal
Available Buildings
LEGEND
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787Final Assembly
Campus
787 Interiors737 Propulsion
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Michael G. White, SIOR, CCIM, Broker-In-Charge I Charleston Industrial I Office: 843.377.8333 I Mobile: 843.819.1234
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CHARLESTON INDUSTRIAL
Links to Helpful Websites
Charleston Industrialwww.charlestonindustrial.com - Our website contains the most comprehensive and up-to-date database for all industrial properties in the tri-
county a area. We feature a new system of interactive industrial parks on our homepage (registered members can access full property Information).
Charleston Regional Development Alliance (CRDA)www.crda.org - The CRDA provides information on the advantages of doing business in Charleston and provides many resources for those
interested in living and/or working in Charleston.
South Carolina State Ports Authoritywww.scspa.org - The official South Carolina State Ports Authority main website. This site contains all the information, statistics and future
expansion plans for the Port of Charleston.
South Carolina Department of Commerce www.sccommerce.com - The South Carolina Department of Commerce’s main website. They provide resources for doing business in
Charleston and links to recent events in Charleston that pertain to industrial and commercial real estate.
The Post and Courierwww.charleston.net - Charleston’s local newspaper webpage.
Charleston Defense Contractors Associationwww.charlestondca.org - The Charleston Defense Contractors Association’s website. A site dedicated to raising local awareness of the industry
cluster and also in establishing the defense contracting companies as a viable entity within the Charleston business community.
Lowcountry Manufacturers Councilwww.lmcsc.org - The mission of the Low-country Manufacturers council is to enhance competitiveness and promote development of the
manufacturing sector of the Lowcountry of South Carolina.
South Carolina PowerTeamwww.southcarolinapowerteam.com - This website provides an introduction to the advantages and specific information about industrial parks,
available buildings and sites throughout the state.
County Economic Developmentwww.berkeleycountysc.gov/dept/economicdev/ - Berkeley County Economic Development website.
www.dorchesterforbusiness.com - Dorchester County Economic Development website.
www.charlestoncounty.org/departments/EconDev/index.htm - Charleston Economic Development Department website.