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June 10, 2019

First Speculative Logistics Center Coming to Market Near Dillon Inland Port

CBRE has been assigned leasing at a new 373,100-sq.-ft. speculative industrial development in Dillon County, SC.

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CBRE has been assigned leasing at a new 373,100-sq.-ft. speculative industrial development in Dillon County, SC. Located just one mile from Inland Port Dillon, 95 Inland Port Logistics Center is being developed by Philadelphia-based Equus Capital Partners, Ltd. (Equus). The project will feature Class A warehouse/logistics space with direct access to Interstate 95. The building will begin construction in the third quarter of 2019 and will be completed in 2020.

CBRE's Bob Barrineau and Brendan Redeyoff as well as Palmetto Commercial Real Estate's Drew Chaplin are spearheading leasing efforts at the property on behalf of Equus.

"Inland Port Dillon allows cargo owners to have increased flexibility and gain efficiency on their inland transportation expense. We're very excited to market the closest spec building to the Inland Port," said Mr. Barrineau, senior vice president at CBRE. "The property's strategic location and proximity to the Inland Port is going to generate substantial interest from importers and exporters taking advantage of direct access to the Port of Charleston via CSX rail, lower cost of empty containers, demurrage savings, and reducing their carbon footprint."

Inland Port Dillon is located within a 3,400-acre industrial site, just minutes from the property. Since its opening in 2018, the port offers a strategic advantage to importers and exporters in the eastern Carolinas. It is served by direct rail access from the Port of Charleston via CSX. According to the South Carolina Ports Authority, which owns and operates Inland Port Dillon, the port handled 3,411 rail moves in April 2019, marking the second-best month in its history.

"Equus is excited to bring Class A speculative warehouse/logistics space to the Dillon, South Carolina region," said Dan DiLella Jr., Senior Vice President of Equus Capital Partners, Ltd. "South Carolina has made a substantial investment by constructing the Inland Port Dillon. Equus believes in the inland port model and the need for users to want to utilize this type of facility to service the growing population throughout South Carolina and North Carolina."

The logistics center is Phase I of the Equus development and features 32-ft. clear heights, a 180-ft. truck court, 189 parking spots, 58 loading spaces and 64 trailer parking spaces. Phase II is proposed on a close-by site, which allows for the construction of multiple build-to-suit buildings with up to 1.5 million sq. ft in additional development capacity.

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