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Greystar Breaks Ground on 135,200-Square-Foot Industrial Development in Charleston Metro

CHARLESTON, SC — Greystar Real Estate Partners, LLC (Greystar) broke ground on a 135,200-square-foot warehouse and distribution center in Monck’s Corner, South Carolina. CBRE has been selected as the exclusive marketing and leasing agent.

Located at Mount Holly Commerce Center, the warehouse and distribution building is Greystar’s first logistics project in Charleston, where the company’s headquarters is located. It will cater to manufacturing and distribution companies with spaces divisible by 50,000 square feet. The rear-load facility is 260 feet deep and 520 feet wide with a 32-foot clear height and 28 dock-high doors.

“We’re thrilled at the opportunity to bring Greystar’s logistics platform right in the backyard of our headquarters as demand for industrial space in the Carolinas continues to grow,” said Mary Hager, Executive Director, Global Investment Management at Greystar. “Tapping into key sites like Charleston demonstrates the growth of our platform and ability to quickly meet market demand. We look forward to fueling our pipeline of industrial opportunities for both Greystar and our partners.”

CBRE’s Bob Barrineau, Brendan Redeyoff, and Tim Raber have been retained to market and lease the facility on behalf of Greystar.

“The Charleston metro is continuing to see record levels of demand for industrial space, particularly among tenants looking for 50,000 to 135,200-square-foot facilities,” Barrineau said. “We’re excited to team up with a well-respected developer like Greystar to provide best-in-class product in the Charleston metro.”

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The development is situated minutes from Highway 52 with access to Interstate 26 in Berkeley County. The building is scheduled for completion in the first quarter of 2023. Roebuck Builders is the general contractor on the project.

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