Foundry Commercial, Oakwood Real Estate Partners Complete Sale of Dorchester Commerce Center in Charleston, South Carolina

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Charleston, S.C. (July 2, 2024) – Foundry Commercial, in partnership with Oakwood Real Estate Partners, is pleased to announce the successful sale of Dorchester Commerce Center, located within the greater Charleston industrial market. This transaction marks the partners’ first development in the Charleston metropolitan area, underscoring the company’s commitment to expanding its footprint in key strategic markets.

Dorchester Commerce Center was constructed on roughly 38 acres, strategically located at the intersection of Hodge Road and Thorpe Road, providing excellent access to I-26, Charleston’s primary corridor of commerce, ending at the Port of Charleston. Positioned within the Jedburg submarket, this development is poised to meet the growing demand for industrial space in the region.

Construction of the two-building speculative industrial project began in late 2022. The site now boasts 534,000 square feet of state-of-the-art industrial warehouses, featuring modern rear-load buildings with depths of 260 and 280 feet, opposite the 210-foot shared truck court. The tilt-wall warehouses feature 32′ clear heights, oversized drive-in doors, 9′ x 10′ dock-high doors, and 60′ loading bays, complemented by 514 combined parking spaces.

The Jedburg submarket has seen a surge in demand due to the limited availability of infill properties and the expanding production capacities of major corporations such as Boeing, Mercedes, and Volvo in Charleston. Dorchester Commerce Center is ideally equipped to support this growth, providing essential infrastructure for businesses seeking proximity to these manufacturing giants and the region’s robust transportation networks.

“Infill industrial facilities are vital in major port markets like Charleston, where port, rail, and freight routes are bolstered by major manufacturing and highly skilled labor,” said Bill Simerville, Deal Principal and Managing Director at Foundry Commercial. “The development of Dorchester Commerce Center addresses the critical need for Class-A industrial space in this dynamic market, facilitating efficient logistics and distribution operations for businesses relocating or expanding in the area.”

The project team included Edifice as the general contractor, Merriman Schmitt Architects as the architectural firm, Seamon Whiteside as the civil engineers, and Bridge Commercial for leasing. For more information about Foundry Commercial’s development and investments team and projects, visit https://www.foundrycommercial.com/development-investments/.

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Photo Attached: Foundry Commercial, in partnership with Oakwood Real Estate Partners, recently sold Dorchester Commerce Center, marking the partners’ first development in the Charleston metropolitan area.

About Foundry Commercial:

Foundry Commercial is a full-service commercial real estate services and investment company operating across the office, industrial, retail, multi-family, healthcare, religious, and not-for- profit asset classes and clients. Focused on the Sun Belt markets, Foundry is sustained by 2,000 associates operating from 13 markets, providing leasing and management on more than 68 million square feet and over 3,000 seniors housing units, executing over $1.6 billion in leasing, tenant rep, and investment sale transactions annually. Foundry’s development and investment platform is fully integrated with its services business and is currently invested in over $4.3 billion in joint ventures with many of the best-known institutional investors in the country and currently has over $1 billion in active ground-up developments across all our markets. For more information, visit www.foundrycommercial.com.

About Oakwood Real Estate Partners:

Oakwood Real Estate Partners is a premier real estate investment firm specializing in value-add and opportunistic investments. The firm partners with top-tier developers and operators to deliver exceptional returns for investors while contributing to the growth and vitality of the communities in which they operate. www.oakwoodre.com

Massive Cleanup Effort Could Soon Remove Dozens of Abandoned Boats from Carolina Waterways

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BoatUS Foundation Opens Grant Program for $7.5M Effort to Remove Abandoned and Derelict Vessels (ADVs) from Nation’s Waterways

Through August 12, organizations are invited to apply for grant funding to clean up their local waterways

WHAT:

In a nationwide effort to remove abandoned and neglected boats from our nation’s waterways, the Boat Owners Association of the United States (BoatUS) Foundation is seeking qualified, diverse and experienced organizations to submit projects for funding. The massive cleanup effort to remove abandoned and derelict vessels (ADV) in U.S. coastal waterways and the Great Lakes is fueled by a four-year, $10 million grant from the National Oceanic and Atmospheric Administration (NOAA) Marine Debris Program with funding provided by the Bipartisan Infrastructure Law.  

Applicants are encouraged to submit a letter of intent between June 10 and August 12.   

ADVs litter ports, waterways, and estuaries all over the country and can cause major problems. These boats can crush or smother sensitive plants and corals, sink or move during coastal storms, threaten safe navigation, and contribute to economic losses. Removing ADVs is a costly effort, often averaging more than $24,000 to remove a single boat. For many communities, there may be no local funding for removal of vessels, and navigating complicated funding programs can be challenging for communities with limited time or resources. This is why the BoatUS Foundation grant program is so important. 

“We’re excited about building upon our years of experience with ADV removals,” said BoatUS Foundation Director of Outreach and Grant Program Director, Alanna Keating. “This is a unique program that is open to any organization, nonprofit or for-profit, as well as local, state, territorial, tribal, and regional government agencies. Some of our focus will be seeking underserved or marginalized communities that don’t have the local resources to rid their shores of abandoned and derelict vessels.”

“Abandoned and derelict vessels are a widespread problem across the United States,” said Nancy Wallace, Director of the NOAA Marine Debris Program. “We are pleased to partner with the BoatUS Foundation to maximize our impact, while reducing the accumulation of costly and damaging debris in our ports, waterways, and coasts.”

WHY:

The goal of the BoatUS Foundation program is to improve U.S. coastal and Great Lakes waters affected by ADVs and create a first-of-its-kind national online database to track ADV location and removal efforts. By removing the associated pollution, navigation and safety hazards ADVs can cause in waters for years, the 20-75 awardees of this grant program will have a lasting, positive impact on the environment and our waters locally and nationally for years to come.

HOW:

Organizations are invited to apply for ADV removal funds by submitting a letter of intent that answers the following questions:

  • Body of water from which the debris will be removed
  • The purpose of the project and the planned steps to complete it
  • Anticipated outcomes of the project on the environment and the community
  • How diversity, equity, justice and inclusion will be part of the project
  • Project budget and expenses to be covered by the grant funding
  • Authorizations and/or permits needed to complete the work

Priority will be given to projects that include input from and benefit tribal, underserved, or low-income communities; demonstrate strong community support; benefit marine animals and their habitats, local coastal communities, and/or local economies; and include local outreach and education activities directed toward the boating community and general public to prevent abandoned and derelict vessels.

More information on how to apply and grant guidelines can be found here. 

About the BoatUS Foundation for Boating Safety and Clean Water:

BoatUS Foundation is leading a nationally competitive grant program for the removal of abandoned and derelict vessels throughout coastal and marine areas of the United States, including the Great Lakes, U.S. territories, and Freely Associated States. This project is supported by the NOAA Marine Debris Program with funding provided by the Bipartisan Infrastructure Law. In an effort to help educate and prevent future ADVs, the Foundation will also create a national ADV database to track the scope of the challenge and measure success, document ADV prevention and removal activities to share with the public, and support a national dialogue and education efforts on boating-related debris removal, with an added focus on how ADVs impact waters in underserved communities. Learn more about the Marine Debris Program by visiting marinedebris.noaa.gov

In a recent study, Charleston, SC is the fastest growing life sciences metro hub in the nation between 2018-2022

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Did you know that Charleston is the fastest-growing life sciences metro hub in the country?

In a recent study by CommercialCafe, between 2018 – 2022, Charleston was the fastest growing life sciences metro hub in the country among 24 leading metro competitors, according to a recent ranking. During these four years, Charleston, South Carolina outpaced traditional hubs including Boston, San Francisco and New York. Though Charleston is not ranked #1, it is clearly indicating a strong foundation and interest around the country.

If you’re seeking a position in the life sciences sector, there are currently 6,000 job postings in life and health sciences-related occupations at Charleston area employers.

Learn more about jobs in Life Sciences in the Lowcountry: https://lnkd.in/eK2yYHRG

15 Quirky and Silly Facts about Charleston, South Carolina

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By Mark A. Leon

We always love to educate and help our residents and visitors learn about the origins of our beautiful Charleston home. Here are 15 quirky and somewhat silly facts about Charleston, SC that are less commonly known:

1. The city was briefly known as “Oyster Point”. It was named for the prehistoric oyster shell ring mounds left by indigenous tribes in the days before Charles Town was settled in the 1670s.

2. Local legend claims pineapples on doors announced a ship captain’s return home and welcomed visitors.

3. The infamous pirate Blackbeard once blockaded Charleston’s harbor demanding medicine, not treasure.

4. “Charleston Green” paint was created by mixing Union army black paint with Southern yellow to avoid using “Yankee black”.

5. Buzzards (called “Charleston eagles”) were legally protected for keeping the old city market clean.

6. The colorful houses of Rainbow Row were not painted to help drunk sailors, but because a couple decided to paint their house pink in 1935.

7. George Gershwin composed “Porgy and Bess” while living on Folly Beach.

8. Buildings in Charleston can’t be taller than the highest church steeple.

9. The city’s layout is almost identical to Bridgetown, Barbados.

10. Edgar Allan Poe was stationed at Fort Moultrie under the alias Edgar A. Perry.

11. Some believe Lavinia Fisher, supposedly America’s first female serial killer, haunts the Old City Jail.

12. A World War II gun turret occasionally appears on Sullivan’s Island beach after certain weather conditions.

13. The pineapple is used as a symbol of hospitality throughout the city.

14. Charleston’s single houses have front doors on the side, not facing the street.

15. The city is home to America’s first theater, first public college, and first museum – a trifecta of firsts.

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Charleston, South Carolina Businesses That Closed in May and June, 2024

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By Mark A. Leon

Over the last 2 months, the Charleston Lowcountry area lost some very well respected businesses that will be missed, but not forgotten. Here is a look back at some of the local businesses we lost in the last 2 months:

1. The Alley (131 Columbus St, Charleston, SC 29403), a downtown bowling alley, bar, restaurant arcade and popular hangout, closed its doors on June 1, 2024 after 12 years.

2. Antica Napoli Pizzeria in Summerville closed on June 2, 2024.

3. KTCHeN, a commissary kitchen in North Charleston that housed 30 small businesses, announced it will permanently close on June 30th.

4. Cinnaholic, a downtown Charleston bakery (415 King St Suite B, Charleston, SC 29403), permanently closed its doors in early May 2024.

5. CraveWell Cafe in downtown Charleston (168 Calhoun St, Charleston, SC 29401) closed in May 2024.

Other notable Charleston, South Carolina area restaurants have closed in 2024, include Harold’s Cabin (February 24), Laura Alberts Tasteful Options (Daniel Island) (March 15), Vegan restaurant Neon Tiger (654 King Street) (March 30), Sweetgrass Lounge (1640 Meeting Street Rd unit 108) (April 2024)and Wild Wing Cafe (North Charleston) (February 26).

Ocean Network Express (ONE) launches new West India North American service through the Port of Charleston, SC

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ONE launched its new West India North America (WIN) service at the Port of Charleston with the arrival of the ONE Modern on Wednesday at Wando Welch Terminal. 

A new weekly ship service from Ocean Network Express (ONE) establishes a direct connection between India and South Carolina Ports, further reaffirming the strength of the Charleston port market.

ONE launched its new West India North America (WIN) service at the Port of Charleston with the arrival of the ONE Modern on Wednesday at Wando Welch Terminal.

The WIN service connects India’s West Coast and the U.S. East Coast — a key connection for shippers. India has become as strong global manufacturer and exporter of goods, including electronics, food products, clothing and retail goods.

The WIN service connects India’s West Coast and the U.S. East Coast (Photo/SCPA/Walter Lagarenne)

This new service provides a direct connection to U.S. consumers, particularly in the booming Southeast region, and it offers shippers a more efficient option than the U.S. West Coast.

“ONE’s decision to bring its new WIN service to Charleston reinforces the competitiveness of our port market, and we are thrilled to support their growth,” SC Ports President and CEO Barbara Melvin said. “Our strategic location in the Southeast provides access to a growing consumer base, and our highly productive operations will support the success of this new service.”

SC Ports offers five weekly services to India, including the new WIN service. As the No. 8 U.S. container port, SC Ports offers reliable port service and efficient rail connections to speed goods to market.

About South Carolina Ports

South Carolina Ports owns and operates marine terminals at the Port of Charleston and two rail-served inland ports in Greer and Dillon. As the 8th largest U.S. container port, SC Ports connects port-dependent businesses throughout the Southeast and beyond to global markets. SC Ports proactively invests in infrastructure ahead of demand to provide reliable service, efficient operations, cargo capacity, an expansive rail network and the deepest harbor on the East Coast at 52 feet. SC Ports is a vital economic engine for South Carolina, with port operations supporting 1 in 9 jobs statewide. Learn more: scspa.com.

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3 Great Charleston Businesses that Educate Children on Self-Defense and other Important Life Skills

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By Mark A. Leon

Charleston offers several excellent options for children to learn self defense while also focusing confidence, respect and self-control. Here are 3 businesses that provide excellence in those trainings and ideals:

Charleston Self Defense Academy provides martial arts instruction for students of all ages, including children. They offer programs in Judo, Karate, and Jiu Jitsu, with locations in North Charleston, West Ashley, and Moncks Corner.

Black Label Martial Arts (1850 Wallace School Rd # A, Charleston, SC 29407) has a dedicated kids martial arts program designed to build confidence, discipline, and self-defense skills.. Their classes focus on keeping children engaged while teaching respect and discipline in a fun environment. Follow on Instagram.

Charleston Krav Maga & BJJ (1250 Wappoo Rd, Charleston, SC 29407) offers Krav Maga training, which is an effective self-defense system originally developed for the Israeli military. As the only Krav Maga Worldwide training facility in South Carolina, they provide instruction adapted for civilians, including children. They have been in operation for 20 years.

These schools emphasize not just physical techniques, but also important life skills like focus, self-control, and respect. The instructors are experienced in working with children of all abilities and ages, ensuring your child learns at a comfortable pace in a safe environment.

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Additional Resource Article

THE BEST 10 Self-defense Classes in CHARLESTON, SC – Yelp 

57740592 – young, beautiful, successful multi ethical karate kids in karate position

Highest Rated Schools for Academics in Charleston County

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By Mark A. Leon

Choosing the right school for your child can set the stage for a journey of excellence in life or mediocrity. Several schools in Charleston County stand out for their academic performance and we’d like to share a summary with some additional research articles to help make that big decision on where to attend school in Charleston County.

1. Academic Magnet High School (5109 W Enterprise St B, North Charleston, SC 29405) is consistently ranked as one of the top public high schools in South Carolina.

2. Buist Academy (103 Calhoun St, Charleston, SC 29401) is ranked as the number-one middle school magnet program in South Carolina. It’s also second in magnet elementary school rankings and fifth overall for elementary schools in the state.

3. Charleston School of the Arts (75 Calhoun Street Charleston, SC 29401) is highly rated, appearing in the top rankings for both middle and high schools.

4. Wando High School (1000 Warrior Way, Mt Pleasant, SC 29466) is among the top-ranked public high schools in Charleston County.

5. Oceanside Collegiate Academy (580 Faison Rd, Mt Pleasant, SC 29466) is ranked second among public schools in Charleston County for math and reading proficiency.

6. Other notable mentions include Charleston County School of the Arts (5109 W Enterprise St B, North Charleston, SC 29405), Moultrie Middle School (645 Coleman Blvd, Mt Pleasant, SC 29464), Thomas C. Cario Middle School (3500 Thomas Cario Blvd, Mt Pleasant, SC 29466), and Laing Middle School of Science and Technology (2705 Bulrush Basket Ln, Mt Pleasant, SC 29466), all of which appear in the top 25 middle schools for South Carolina.

7. For elementary schools, Ashley River Creative Arts (1871 Wallace School Rd, Charleston, SC 29407) joins Buist Academy in the top 25 for South Carolina.

These rankings are based on various factors including state test scores, college readiness, and graduation rates.

Additional Research Sources

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New Weekday and Happy Hour Specials from Church and Union and Tempest (Charleston, South Carolina)

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Church and Union and Tempest are proud to announce some great week day specials that put a smile on your face.

Church and Union (32B N Market St, Charleston, SC 29401):

Happy Hour: Monday – Friday, 4:00 PM – 7:00 PM

      Includes half off wine by the glass and draft beer

      $5 “Garden of Eden” cocktail

Food & Bev discount for Industry workers

      50% off Monday-Thursday with employment verification 

Tempest (32 N Market St Suite C, Charleston, SC 29401):

$2 Buck Shucks Happy Hour, Monday – Thursday, 5:00 PM – 6:30 PM

      $2 oysters

      Half of Cava, Grüner, and our Summer Spritz

Economy Gastronomy Menu

      Offered Sunday-Thursday

      $60 3-course prix-fixed menu 

Food & Beverage discount for Industry workers

      50% off Sunday-Thursday with employment verification 

The Select Announces Official Grand Opening in downtown Charleston, South Carolina – July 5, 2024

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The new downtown eatery will open to the public July 5, 2024

CHARLESTON, S.C. (June 28, 2024) – Mark your calendars! The Select has announced its grand opening date. The new downtown dining destination will be open to the public beginning July 5, 2024. “We couldn’t be happier to finally open our doors and welcome the Charleston community” says owner Dave Green. 

The Select’s menu infuses New American cuisine with the traditional flavors of the Lowcountry. Menus include small plates like The Select’s famous French Onion Soup and Lobster Arancini, as well as larger entrees like Miso Tilefish and Steak Frites. At this time, The Select is only open for dinner service, but brunch announcements are forthcoming. Hours are as follows:

Monday-Thursday: 4pm-10pm

Bar opens at 4pm, Dining room opens at 5pm*

Friday-Saturday: 4pm-11pm

Bar opens at 4pm, Dining room opens at 5pm*

Sunday: 4pm-10pm

Bar opens at 4pm, Dining room opens at 5pm*

Reservations can be made through Resy. For more information, visit The Select’s website or on social media, @theselectchs.

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