Portman acquires 40 acres to develop logistics center

By Ross Norton rnorton@scbiznews.com

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National developer Portman purchased 40 acres of land to develop the Summerville Logistics Center, a two-building industrial campus encompassing approximately 536,000 square feet in Summerville.

Construction is slated to begin in December, according to a news release from the developer.

Located along U.S. Highway 78 in Dorchester County, the Summerville Logistics Center will provide institutional-quality logistics space in the growing town.

Portman will develop two buildings at the site, one that is approximately 260,000 square feet and another that is approximately 306,000 square feet.

Portman said the site offers premier connectivity to Interstate 26, the region’s primary transportation artery, and is approximately 25 miles from the Port of Charleston. Once complete in February 2025, the center will feature two single-load facilities with a 210-foot shared truck court, the news release stated.

Summerville Logistics Center is being developed nine miles south of Portman’s Campus 4 at Camp Hall, a 188-acre commerce park billed by the developer as “next generation.”

John Gaskin, managing director of industrial for Portman, said in the release that the company has a “continued and growing commitment to deliver Class A logistics facilities to the Charleston industrial market.”

Portman delivered three Class A buildings at Camp Hall totaling 940,000 square feet in December 2022. A fourth Class A building comprising 1,128,000 square feet is under construction and expected to be complete in September.

“Campus 4 is 92% leased, which is a testament to the strength of the overall Charleston market, from Ridgeville to Summerville,” Gaskin said in the release.

“As the Charleston industrial market continues to grow, Summerville has become a highly sought-after location with great accessibility to the region’s transportation network and a strong local workforce,” Robert Conroy, vice president of development for the Southeast at Portman, said in the release. “With our continued success at Campus 4 of Camp Hall, we look forward to continuing the positive momentum in Dorchester County with our newest project, Summerville Logistics Center. We are confident that we have assembled the best possible team to execute on this project and attract best-in-class users.”

Lee Allen and Kevin Coats with JLL represented Portman with the acquisition of the Summerville land. Ryan Welch and

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Clarke Attaway with Lee & Associates represented the seller and will lead the leasing efforts for the Summerville Logistics Center on behalf of Portman.

Portman’s Charleston industrial portfolio now spans 228 acres and 2.6 million square feet of space that is either delivered, under construction or under design. Also in Charleston, Portman has partnered with Highland Resources to develop Magnolia, a 189-acre mixed-use project that will introduce a new waterfront entertainment, shopping, dining and office district for tourists and residents. Magnolia will break ground in the third quarter of 2024, the company said in the release..

Portman launched its industrial business line in 2021 with a mission of developing modern logistics facilities in core markets serving the U.S. supply chain.

Portman’s industrial team leverages the company’s development platform to diversify its portfolio of more than $1.2 billion in assets under management and under construction in key markets across the country, including Boston, New Jersey, Philadelphia, Charleston and Austin, Texas, the release stated..

Founded by famed architect John Portman in the 1950s, Portman is a privately owned national real estate investment, development and management firm.

More information is available at https:// www.portmanholdings.com/industrial. CRBJ

Charleston Regional Business Journal (USPS 18822) is published twice a month except January, November & December which have one issue

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