Business Facilities - May 2008 - (Page 29)

Several new developments in South Carolina are helping to advance the state’s economy. By Ellen James T he recent announcements of several new business parks and a major automotive plant expansion in South Carolina send a clear message: The state is a prime location in the Southeast for business. One of the parks helping to contribute to South Carolina’s attractive business climate is a 750-acre industrial project in Berkeley County, SC. Dubbed the Charleston Trade Center, the park is being developed by Hillwood Investment Properties, one of the top residential real estate developers in the country. The site is planned for approximately 13 buildings, with eight to nine million square feet of industrial space and approximately one million square feet of office/retail space. The project will create about 3,000 new jobs, and Hillwood will invest approximately $9 million on traffic improvements in and around the Jedburg Interchange. Another park development is being undertaken by Jafza International in Orangeburg County, SC. The company has acquired 1,300 acres of land, which it will use to create a logistics and business park. Jafza’s investment of about $600 million will help to transform the county into a major logistics hub, and create 8,000 to 10,000 jobs over the next decade, and attract around $1.2 billion in private investment. The Orangeburg project is the Dubaibased company’s first in the United States. Construction is slated for early 2009. Both of these parks boast easy access to the state’s ports, highways, and railways. Charleston Trade Center is less than 30 highway miles from each of the Port of Charleston’s four terminals, while the Jafza site is located in Orangeburg’s Global Logistics Triangle, formed by highways I-26, I-95, and 301. The Port of Charleston is expanding to meet the short- and long-term needs of its clients. Port expansion is happening in three ways: efficiency improvements, expanding existing facilities, and constructing new facilities. While demand for distribution center (DC) space near ports is growing fast, the good news is that there is still time to get into these developments as their buildings initially hit the market. “Hillwood and Jafza could have chosen to locate anywhere,” says Rusty Reed, vice president for business development of the South Carolina Power Team, which provides affordable, reliable power as well as professional, personalized, and confidential site selection counseling 29 A S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S

Table of Contents Feed for the Digital Edition of Business Facilities - May 2008

Business Facilities - May 2008 Contents First Word Snapshots The UK's Most Lucrative Locations, Pound for Pound Economic Development in a Flash Corporate Moves: Massachusetts Florida: A Ripe Climate for Innovation Innovating Big in Rhode IIsland Retail Set to Ride Out a Recession Corporate Moves: New Jersey South Carolina: A Sweet Spot in the Southeast Endless Opportunities in North Carolina Economic Awakening in the Mohawk Valley Metro Spotlight: Alexandria, LA Where Call Centers Call Home Texas Receives First Business Facilities State of the Year Award Advertiser Index Inside Livexchange

Business Facilities - May 2008

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