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Investors Pay $5M for Two Industrial Development Sites

WestRock Land & Development Sells North Pointe Commerce Park in Hanahan
September 15, 2017
North Signal Capital and Westport Capital Partners LLC, acquired the two North Pointe Commerce Park development sites located on North Point Industrial Blvd. in Hanahan, SC for $5 million from West Rock Land and Development.

The 29.8-acre site is located in the Outlying Berkeley County submarket of Charleston. The 19.6-acre Site One is slated for development of a 250,000-square-foot industrial building, which is set to break ground on-spec in September 2018. Site Two can accommodate up to 130,000 square feet of built-to-suit industrial space on 10.12 acres.

Peter Fennelly, Hagood Morrison, Simons Johnson and Tim Raber of Colliers International represented the seller. The buyers handled the sale in-house.

Please see CoStar COMPS #3992016 for more information on this transaction.
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