Deal with Daye North America at Ladson Industrial Park coincides with increased demand for spec developments near Port of Charleston
Robinson Weeks Partners, a leading developer of master-planned industrial parks across the Southeast, announced today that it signed a long-term, 310,128-square-foot lease at Ladson Industrial Park in Ladson, South Carolina near Charleston with outdoor power products manufacturer Daye North America. Coming on the heels of a recent surge in distribution activity in the Port of Charleston, the deal signals growing interest by manufacturers, e-commerce companies and third-party logistics providers who are seeking move-in ready industrial product with convenient access to the eastern seaport.
Spanning 102 acres, Ladson Industrial Park is a new Class A industrial development that will offer four warehouses totaling 1.2 million square feet at full build-out. The recently completed Building #1 provides up to 420,888 square foot of rentable industrial space. The balance of the park will add three additional warehouses ranging from 273,000 square feet to 325,728 square feet that will come online starting in 2021. Daye North America will be housed in the first warehouse that recently delivered, and will occupy approximately 75% of the building.
Founded in Charlotte, North Carolina, Daye North America is a subsidiary of Ningbo Daye Garden Machinery Company and is quickly expanding as a dominant provider of durable outdoor power tools and machinery used for landscaping and gardening. Operating as Daye’s national distribution center, the company does business with several leading national retailers, including Lowes, Walmart and Home Depot. Initially interested in basing operations in Savannah, Georgia, Daye ultimately chose Ladson for its ideal location near the Port of Charleston, unparalleled access to multiple entry points, and a strong labor pool.
Bridge Corporate Solutions’ Peter Fennelly and Simons Johnson represented the tenant. The landlord was represented by Lee Allen and Kevin Coats of JLL.
“Charleston’s industrial market has demonstrated consistent strength even with the recent economic challenges created by the pandemic,” said David Welch, CEO at Robinson Weeks. “Our agreement with Daye North America reflects the incredible demand for Class A speculative buildings that offer flexible space, state-of-the-art technology and immediate access to key transportation routes. Ladson Industrial Park is uniquely positioned to leverage these advantages as one of the largest warehouse facilities in the region, and will attract a wide array of industrial users. We congratulate Daye North America on their expansion, and look forward to partnering with them on the next chapter of their growth story.”
Designed to meet the needs of the market, Ladson Industrial Park is a port-oriented cross dock facility, which is an attractive logistical feature that allows for quick processing and shipping of products. The new facility that Daye will occupy includes 32-foot ceilings, 95 dock doors and 66 trailer parks.
“We look forward to establishing roots in Charleston at Ladson Industrial Park,” said Matt Ragland, President at Daye North America. “The new facility is exceptional and goes above and beyond to meet the logistical needs of our company and our strategic partners. In addition to a favorable location, the sheer scope of the project allows us to expand considerably in the coming months and years as we hit key business goals and exceed growth projections.”
_-_28de80_-_d88095865f9f1cbb4ecdd37edf61c63efd603428_lqip.png)
