A joint venture owned by North Signal Capital and a fund managed by Westport Capital Partners has sold North Pointe B, a fully leased, 247,000-square-foot, class A distribution facility situated at an irreplaceable port-proximate location in the Charleston-area community of Hanahan, S.C.
The new owner is LBA Realty. The financial terms were not disclosed.
North Pointe B is fully leased to Expeditors International of Washington, a global logistics company with headquarters in Seattle. Completed in 2018, the LEED-certified building features 32-foot clear height, ESFR fire protection and energy-efficient LED lighting throughout.
Situated on 19.55 acres at 1017 North Pointe Industrial Blvd., the facility sits within the North Pointe Business Campus, a 2.2-million-square-foot master-planned industrial park offering direct connectivity to the region’s primary distribution arteries, Interstates 26 and 95. Additionally, the facility is positioned at an irreplaceable
