To read this full article you need to be subscribed to Newsline.Sign in Sign up for a FREE subscription
Brennan acquires 12 acres in Charleston, S.C.
Brennan Investment Group has purchased 12 acres along Business Park Road in Summerville, S.C., within the Charleston MSA. The site is located along Interstate 26, between Jedburg Road and Nexton Parkway.
“The demand for outside storage continues to grow due to the $2 billion expansion of the Port of Charleston,” said Rob Gage, senior vice president for the Carolinas. “Brennan will start construction in the spring of 2023 and deliver the site in the summer of 2023.”
The site is visible from Interstate 26, which accommodates 77,000 cars per day. Brennan will develop an industrial outside storage site to include 248 trailer spaces or a combination of trailers and containers.
“The Greater Charleston industrial market has had record breaking recent years, with 7.9 million square feet of net absorption in 2021 and 5.5 million square feet in 2022, an increase of 31 percent over the 5-year average,” said Scott McKibben, CIO and managing principal of Brennan.