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Portman Holdings and CapitaLand Ascendas REIT have broken ground on Summerville Logistics Center, a two-building industrial campus in Charleston, S.C, 25 miles from the Port of Charleston.
Construction of the 549,000-square-foot complex along U.S. Route 78 in Dorchester County should be completed in the fourth quarter of 2025.
Truist Bank provided construction financing for the development that is expected to cost $70.5 million. Frampton Construction serves as general contractor and McMillan Pazdan Smith is the architect.