MONCKS CORNER, S.C. – Santee Cooper closed on a sale with Exeter Property Group for the purchase of a 77-acre tract of land, 75 acres of which are developable, at Camp Hall Commerce Park. Exeter, having just completed the permitting process, plans to build a logistics park with three speculative buildings totaling approximately 945,000 square feet of ready-to-lease industrial space for bulk warehouse and distribution.
“We are excited to welcome Exeter, a first-class developer, to Camp Hall. This sale marks a major milestone at Camp Hall since Volvo Car USA launched their new auto manufacturing plant last summer,” said Pamela Williams, Santee Cooper senior vice president and CFO. “In addition, the sale signals the progression of Camp Hall as a world-class commerce park designed for the needs of the next generation of industry. It also advances our mission of improving the lives of all South Carolinians and will bring economic benefits to South Carolina and the surrounding community.”
“We welcome the opportunity to develop our state-of-the-art, Class A industrial buildings at Camp Hall Commerce Park,” said Matt Cochrane, Exeter Property Group’s investment officer for the Carolinas. “Santee Cooper’s commitment to making Camp Hall a success through their investment in infrastructure and amenities as well as Camp Hall’s access to interstate, ports, rail and a growing labor pool were critical in Exeter’s decision to pursue the development.”
Exeter is a real estate investment management firm specializing in the acquisition, development, leasing, and management of industrial and business park properties across North America and Europe. Exeter’s speculative buildings will sit on Camp Hall’s Campus 4 near the intersection of Fish Road and Volvo Car Drive.
Camp Hall is located in the Charleston, South Carolina, area, and has remaining more than 1,300 developable acres and 1,950 acres of preserved land. Home to Volvo Car USA’s first North American manufacturing plant, Camp Hall could ultimately house more than 10,000 jobs. Camp Hall provides global access through a comprehensive network of transportation infrastructure, including connected interstate and rail systems, and close proximity to airports and deep-water ports. All tracts have zoning and wetlands permits, with utilities in place or underway. The remaining available tracts range in size from 13 to 607 acres.
Along with Santee Cooper, Camp Hall reflects the vision and hard work of many organizations, including the Department of Commerce, South Carolina Power Team, Berkeley County, Berkeley and Edisto electric cooperatives, Palmetto Railways, readySC, the South Carolina Department of Transportation, the South Carolina Ports Authority, the state’s environmental advocacy community and the Charleston Regional Development Alliance.