North Charleston’s Aviation Business Park Sells for $69 Million

CHARLESTON, SC—July 23, 2018—The Aviation Business Park, a 342,042-SF business park facility that encompass seven buildings spread out over 29 acres located along Interstate 26 between Remount Road and Aviation Avenue was purchased by Greenville Corporate, LLC, for $69 million.

The transaction marks one of the largest office transactions in the State of South Carolina in recent years, and the largest office transaction in Charleston for the last several years.

Managing Principals Bob Nuttall, SIOR, CPM, and Reid Davis, CCIM, SIOR, of Lee & Associates Charleston represented the buyer Greenville Corporate, LLC. Rushmark Properties, the seller, represented themselves.

“In addition to the outstanding central, infill location, the high quality tenant list that currently occupies the business park and the need to satisfy a 1031 investment, the buyer was especially attracted to Charleston’s hot market,” said Mr. Nuttall. “With the Charleston market increasing by a net 34 people/day, and with international companies located here such as Boeing, Volvo, and Mercedes Benz, the Charleston area continues to be a place where investors from all over the world want to invest,” according to Mr. Davis.

Aviation Business Park, which was developed in 2001, includes tenants HITT Contracting; Samet Corporation; DHL; Secure Missions; Centurum and Nolan Transportation. The property addressees for each building that occupies the business park include:

I – 2457 Aviation Avenue, North Charleston, SC 29406

II – 2442 Remount Road, North Charleston, SC 29406

III – 2456 Remount Road, North Charleston, SC 29406

IV – 5895 Core Road, North Charleston, SC 29406

V – 5955 Core Road, North Charleston, SC 29406

VI – 5965 Core Road, North Charleston, SC 29406

VII – 2431 Aviation Avenue, North Charleston, SC 29406

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