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JV Details 890,000-SF Distribution Center

CHARLESTON, SC-The four-building industrial asset will rise on 55 acres within the Charleston Regional Business Center. It will cost between $40 million and $50 million to realize.

By Melissa Kress | Updated on August 18, 2006

(To read more on the industrial market, click here.)

CHARLESTON, SC-A joint venture between Childress Klein and Amstar Group is going ahead with plans to develop a four-building, 890,000-sf distribution center near the Ports of Charleston. The class A warehouse/distribution center will rise on the last available 55 interior acres within the Charleston Regional Business Center (CRBC).

The development will cost between $40 million and $50 million to complete, Robert A. Toomey, vice president of Amstar, tells GlobeSt.com. The four buildings will come online in phases, with the first 350,000-sf building, and possibly the second 112,000-sf building, being delivered at the end of 2007. No ground-breaking date has been slated, but the JV is eyeing a January start, he adds.

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