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Rushmark Properties has closed on construction financing for Berkeley Commerce Center, an upcoming industrial campus in Summerville, S.C., set to comprise 2.6 million square feet. United Bank provided the $48.3 million loan, according to Charleston County public records.
JLL arranged the deal and will also handle leasing and marketing efforts. Other partners on the largest speculative industrial project to break ground this year in the area include general contractor HIIT Contracting, civil engineer Thomas & Hutton and architecture firm LS3P Associates.