Stonepeak completes sale of 1.3msf industrial campus in Charleston

Stonepeak has completed the sale of Omni Industrial Campus, a three-building, 1.3 million-square-foot logistics portfolio in Charleston, S.C. Financial terms of the transaction were not disclosed.

Omni Industrial Campus is strategically located along Interstate 26 between Interstate 95 and the Port of Charleston, which is expected to double in capacity by 2033 as a result of continued share-shift from West Coast ports to East Coast ports, population growth, and growth of manufacturing in the greater Charleston area. The Port’s expansion is driving additional demand for warehouse space from customers entering and expanding in the Charleston market, making Omni Industrial Campus a prime location for customers given its proximity to strategic transportation infrastructure.