Commercial investment firms adding to industrial space

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A Charlotte commercial real estate investment company is developing two new industrial buildings with nearly 800,000 square feet in the Charleston area.

Trinity Capital Advisors is partnering with Miami-based Iconic Equities to create two Class A industrial buildings with 780,000 square feet. The industrial space will be located on 115 acres at 239 Jedburg Road in Summerville and is expected to open spring 2023, the company said in a news release.

“We are committed to expanding our industrial portfolio in Charleston,” Trinity Capital partner Walker Collier said in a statement. “As an emerging distribution hub, the easy accessibility and skilled labor pool make the region an extremely attractive investment.”

Construction on both new buildings is expected to begin in the summer. Trinity said one building will be a 621,000 square foot, cross-dock facility. The other building will be a 158,000 square foot, rear-load facility. JLL is handling the leasing of the properties, the company said.

This new project brings Trinity Capital’s square footage under development in the region to about 1.6 million and represents its second industrial speculative project in the area, the company said.

Two buildings are under construction, with a total of four expected to be delivered this year at TradePark East industrial park located in North Charleston.