CCP Commercial Real Estate Acquires Foxbank Industrial Park in Charleston, South Carolina
02/27/2018
"We are very pleased with our continued expansion into new markets located throughout the Southeastern U.S. Foxbank Industrial Park is located in one of Charleston's best performing submarkets, the Highway 52 Corridor. The property is 100% leased to two tenants and is comprised of 32 acres of land lending itself to potential future development, “said Jeremy R. McLendon, President of CCP Commercial Real Estate.
“The Charleston industrial market has experienced 19.75% year over year rent growth, creating the opportunity for attractive Net Operating Income (NOI) growth. We were able to purchase the property at an attractive discount to replacement cost," he added.
CCP Commercial Real Estate, a real estate investment company based in Virginia Beach, Virginia, owns and operates over three million square feet of commercial property. “Our focus is on providing our investment clients with superior risk adjusted returns on institutional quality office and industrial properties located in our target markets throughout the Mid-Atlantic and Southeastern United States,” the company said.
“We take a very hands on approach with each asset we acquire. We focus on operations, rent growth, lease-up, expense controls and with a strong emphasis on in-place cash flows,” the company said.
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025