Charleston-Area Industrial Asset Changes Hands for $41M

The sale of the fully leased complex was facilitated by HFF.

Gateway Distribution Center, Summerville, S.C.Charleston Gateway Distribution Center, Summerville, S.C.

Summerville, S.C.—HFF closed the sale of a Class A, 615,650-square-foot warehouse, distribution and freezer storage complex in the Charleston-area community of Summerville for a price tag of $41 million. The property was sold by J.L. Woode Ltd. to CenterPoint Properties. HFF Senior Managing Director Chris Norvell led the investment sales team representing the seller.

Sitting on a 109-acre site at 1125 Newton Way in Summerville, Charleston Gateway Distribution Center comprises 473,124 square feet of bulk warehouse space, 121,466 square feet of state-of-the-art freezer/cold storage space and 21,060 square feet of truck maintenance and storage in three buildings. The facilities feature up to 42’ clear heights, 64 dock high loading positions and a deep 205’ truck court with a 60’ concrete apron. The site is fully fenced with controlled access and features two separate entrances with extensive trailer and employee parking…

Charleston-Area Industrial Asset Changes Hands for $41M

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