500,000 SF COMMERCIAL CENTER - Constant Contactfiles.constantcontact.com/18814edb001/712a9056-3f99-4ee6-8102-c61e... · • The new Mercedes-Benz Vans van manufacturing plant will

Phil Rose 843.722.9925 (o) 843.270.3280 (m) [email protected] Rivers Capital, LLC 125 G Wappoo Creek Dr. Charleston, SC 29412 twinriverscap.com

500,000 SF COMMERCIAL CENTERUS Highway 52Berkeley County, SC

Highlights• #1 Retail location in the Hwy 52 growth corridor

• Berkeley Co. is among the Top 100 fastest growing counties for housing growth in the US (report by US Census Bureau)

• Visibility to Hwy 52 is second to none, with VPD on Hwy 52: 26,000+

• Stoplight expected at the corner of Hwy 52 and Foxbank Plantation Blvd.

• Anchoring Foxbank Plantation, a master planned community with 2,400+ homes in development

• An elementary school (opening Fall, 2018 to accommodate 900 students) and a planned fire station are within Foxbank Plantation

• Foxbank currently on pace to becoming the center for the municipality’s operations

• Foxbank Plantation to accommodate 8,000+ new residents

• Additional 447 acres being developed across Hwy 52 to accommodate 2,700 residents

• Berkeley Co. is home to companies such as Google, DuPont, Valley Forge Flag, Jomar Logistics and Pegasus Steel

• Growing health care industry in the area: Trident Health Systems, Roper St. Francis, Moncks Corner Hospital

• Build to Suit and lease opportunities available to qualified tenants

Strip center (4 buildings) Beautiful Savior Church Elementary school under construction

LOCATION


Foxbank Towne Center

Foxbank Towne Center


COMMERCIAL LAYOUT

Future Stoplight

18,000 SF of Retail Buildings

Foxbank Plantation Rd., the only access to Foxbank

Elementary School

Foxbank Elementary School, Opening 2018

FutureFire StationBeautiful Savior

Church

Proposed9,000 SF Retail

Building

(Future)

(2018)

RESIDENTIAL LAYOUT



Elementary School (2018)

Cypress Gardens Rd.

Future Stoplight

Foxbank Elementary School, opening 2018

LOCATION & PROPERTY INFORMATION

Location HighlightsBerkeley County, a rural community only 30 years ago, has emerged as one of South Carolina’s fastest growing economic centers. Companies such as Volvo, Mercedes, Google (which has announced plans to invest $600 million in a third Berkeley Co. data center, bringing its total invest-ment in Berkeley Co to $1.2 billion), DuPont Valley Forge Flag, Parker Hannifin, Jomar Logistics and Pegasus Steel have moved their operations and distribution centers to the Berkeley County area bringing new jobs and helping to fuel the booming residential developments. Many of these companies, located at Mount Holly Commerce Park off of Highway 52, are minutes from Foxbank Towne Center. The exploding growth of this area offers outstanding opportunities for retailers and other businesses.In September, 2015, Volvo Car broke ground on Volvo Cars’ first American factory in Berkeley County. The factory site will be capable of producing up to 100,000 cars per year and will be the global production home of the all new S60 Sedan, which will be exported around the world through the Port of Charleston. Volvo Car USA estimates that the factory, approx-imately 25 miles from Foxbank Towne Center, will employ up to 2,000 people over the next decade and up to 4,000 people in the longer term. An economic impact analysis compiled by Dr. Frank Hefner at the College of Charleston estimates that, for an initial 2,000 direct jobs, more than 8,000 total jobs would be created as a result. The plant would contribute approximately $4.8 billion in total economic output on an annual basis.Mercedes-Benz Vans, a division of Daimler, will invest $500 million to establish a new van manufacturing plant in North Charleston which will supply the North American market with the next-generation Sprinter, creating 1,300 new jobs over the next several years. Construction of the plant, approximately 17 miles from Foxbank Towne Center, is scheduled to begin in 2016.The area’s ongoing development includes projects by Trident Health Systems and Roper St. Francis Hospital which will bring a number of high-paying jobs. Trident’s new Moncks Corner Hospital will be located adjacent to the Moncks Corner Medical Center on Live Oak Dr. It will be a 20-acre site at Cane Bay Plantation consisting of several health care facilities to serve Cane Bay residents and other nearby neighborhoods such as Foxbank Plantation. Roper St. Francis Hospital will be located at the corner of 17A and SR176 in the Carnes Crossroads portion of Goose Creek.

Property Highlights

Foxbank Towne Center is at the heart of Foxbank Plantation, an 800-acre, 2,400-home master-planned community located in thriving Berkeley County, SC. Spurred by the enormous growth of this area, Foxbank Plantation is quickly gaining a reputation as a neighborhood coveted by families for its pristine neigh-borhoods, approved and funded Berkeley County elementary school, amenity center with a pool and boathouse and scenic lakes and wetlands.

Foxbank Towne Center will enhance the appeal of the Plantation, providing a village area of mixed commercial uses including a grocery store, drug store, offices and various retail outlets. Strategically located to serve Foxbank Plantation, surrounding residential developments and the rapidly growing cities of Mt. Pleasant and Charleston, Foxbank Towne Center is poised to become the area’s central location for work, play and shopping.

DEMOGRAPHICS 3 Mile 5 Miles 10 MilesPopulation 6,220 25,620 157,993Average HHI $65,288 $61,153 $58,922


AREA INFORMATION

Area Growth• Berkeley County is the fastest growing county in South Carolina, and the 40th fastest growing county in the nation (out of 3,194 counties in the U.S)

• New housing developments, with 30,000 new homes planned, are bringing approximately 40,000 new residents

• Houses in Foxbank Plantation, priced between $120,000 and $400,000, will accommodate over 8,000 new residents

• Directly across US Hwy 52 from Foxbank Towne Center, an additional 477 acres are being developed with houses priced between $140,000 and $250,000 which will attract more than 2700 new residents

• New residents are expected to contribute $720 million in retail sales per year, for an overall economic impact of $1.5 billion per year to Berkeley County

• Since 1991, the median income in Berkeley County has risen from $29,000 to $51,093 and over 33,000 new jobs have been created along with $6.5 billion in industry development

• Currently, there are twice as many homes in the planning or construction stages as there are in Berkeley County today

• Berkeley County’s 2013 Census population estimate is 194,020 residents, up more than 20% from 2003

• Volvo’s Berkeley County factory site will employ 2,000 people over the next decade and up to 4,000 people in the longer term. It is estimated that, from these 2,000 initial jobs, more than 8,000 total jobs will be created. The plant would con-tribute approximately $4.8 billion in total economic output on an annual basis.

• The new Mercedes-Benz Vans van manufacturing plant will create 1,300 new jobs over the next several years.

• The area’s ongoing development includes projects by Trident Health Systems and Roper St. Francis Hospital which will bring a number of high-paying jobs.

• Google has announced plans to invest $600 million in a third Berkeley Co. data center, bringing its total investment in Berkeley Co to $1.2 billion


Charleston MSA HighlightsCharleston is the oldest and second-largest city in the State of South Carolina, the county seat of Charleston County, and the principal city in the Charleston–North Charleston–Summerville Metropolitan Statistical Area. The steadily growing local economy is supported by various sectors including tourism, transport, manufacturing, technology and education.

Charleston is a major tourist destination, with a considerable number of luxury hotels, hotel chains, inns, and bed and breakfasts and a large number of award-winning restaurants and quality shopping. Higher education is also important to the local economy, with institutions such as the Medical University of South Carolina, College of Charleston, and The Citadel.

The city has two shipping terminals which are part of the fourth largest container seaport on the East Coast and the thirteenth largest container seaport in North America. In 2009, Boeing selected the City of North Charleston for their southeast commercial aircraft assembly facility which began operations in 2011.

Charleston is becoming a prime location for information technology jobs and corporations and has experienced high growth due in large part to the Charleston Digital Corridor. In 2013, the Milken Institute ranked the Charleston region the ninth best performing economy in the US due in large part to the growing IT sector. Notable companies include Blackbaud, SPARC, BoomTown,CSS and Benefitfocus.

Charleston’s many accolades include: Top US City and Top Destination in the World (Conde Nast Traveler), #1 on the World’s Best Awards List of Top Cities in the US and Canada (Travel + Leisure), #7 on Forbes’ “Where the Jobs Will be in 2015,” and Brookings Institute #1 Metro for Growth in Manufacturing Jobs.

Charleston, SC

Charleston, SC is taking its place as a world-class city, attracting businesses, visitors and new residents.

The metro area’s population has increased by 12% to nearly 745,000 people between 2010 and 2015.

The tri-county Charleston area gains an average of 48 additional residents daily.

Charleston is #2 on Top-10 list of “Hot Real Estate Markets to Watch in 2016.” - Trulia (online real estate site)

The three most rapidly growing metropolitan areas on the U.S. Atlantic Coast in 2015 were all in the Palmetto State — for the third year in a row.

In the Charleston metro area, the real estate sector grew 32.5% between 2010 and 2015, accounting for $5.5 billion of the region’s economy.

#1 City in the World Travel & Leisure

(the first time a US destination has won this honor)

#3 Best City for ShoppingTravel & Leisure

(the first time a US destination has won this honor)

#1 Travel Destination in North America

Conde Nast Traveler

#1 City in the US & CanadaTravel & Leisure (4th consecutive year)

#3 Best Cities for JobsForbes

#2 Business-Friendly StateGSA Business

The Charleston-North Charleston metropolitan area (Charleston, Berkeley and Dorchester counties) saw a 14.8% increase in its GDP between 2010 and 2015.

With an inflation-adjusted GDP of $32.5 billion in 2015, the Charleston metro area grew 4% year-over-year in terms of the value of the goods and services it produces. That was the 50th-best growth

rate in the nation and well ahead of the 2.5 percent national average.

Charleston, SC

Manufacturing TechnologyShipping

The state’s manufacturing sector is thriving with a 13 percent increase in sector jobs since 2011, more than any other state in the Southeast.

South Carolina ranks No. 1 in the nation in exports of passenger automobiles, with $9.2 billion worth exported through the Port of Charleston.

The manufacturing sector accounted for $3.6 billion in investment.

• Boeing is expanding in South Carolina, investing another $1 billion and creating 2,000 new jobs over eight years.

• Volvo Cars is investing $500 million to build its first United States factory in Berkeley County, just outside of Charleston. The factory will employ up to 2,000 people over the next decade, and up to 4,000 people in the longer term. The plant is projected to contribute approximately $4.8 billion in total economic output each year.

• Mercedes will construct a $500-million factory in Charleston that will build the next-gen Sprinter domestically. When complete, the site will employ 1,300 people. • German automotive parts maker, Stoba, is expected to invest $7.7 million and create 61 jobs at 41,000-square-foot manufacturing site near Daniel Island.

The Port of Charleston, with its roughly $2.2 billion in improvements and expansions planned by 2020, will be in the best position of any U.S. seaport to capitalize on the Southeast’s growing economic dominance and an American supply chain that is increasingly moving away from the West Coast, according to SunTrust economist K.C. Conway. A harbor deepening project giving Charleston the East Coast’s deepest channel, a new container terminal served by an intermodal rail yard, and inland ports linking the coast with distribution centers along major highways gives the Port of Charleston the logistics to best reach the roughly two-thirds of U.S. consumers east of the Mississippi River.

Charleston, South Carolina has quickly become a surprise player in the tech growth field among giants like Silicon Valley and New York City. Charleston, known as “Silicon Harbor,” has a larger percentage of employment in IT-related business than Austin or Raleigh, and Charleston’s tech economy is growing 26% faster than the national average — and just as quickly as Silicon Valley.

Home to more than 200 tech companies, Charleston’s fast-growing tech hub is fueled by new waves of young, creative talent flocking to the area. From 2000 to 2012, Charleston’s millennial population grew 58 percent — outpacing Nashville, Denver and Houston.

Venture capitalists have also taken a keen interest in the mid-sized metro. This year, the Brookings Institution ranked Charleston #12 in the nation for venture capital “first fundings” by population and deal concentration.

Benefitfocus, a health insurance technology company, raised $70.6 million from its IPO in 2013 and currently services clients like Under Armour, Dannon and New Balance. It has a 40-acre campus in Charleston housing 750 employees. Charleston technology stalwart Blackbaud is building a 360,000-square-foot headquarters and adding 300 jobs in an investment of more than $150 million. Blackbuad’s market valuation has grown to more than $2.7 billion, making it South Carolina’s third-largest publicly traded company.

Industries driving the growth of the

Charleston economy are manufacturing, shipping

and technology.


AERIAL, TOWNE CENTER SITE

Highway 52

Freedom Church(completed)

(2018)

Cypress Gardens Rd.


BeautifulSavior Church

Fire Station(under construction)

Amenities Center


Elementary SchoolFuture

Stoplight

18,000 SFConstructed &

Available

(future)


Proposed 9,000 SF

Retail Building

AERIAL, LOOKING NORTH


Highway 52


Cypress Gardens Rd.


Elementary School

FutureStoplight


Available




Amenities Center

CypressWarehouse

Moncks Cornerapprox. 7 miles

Proposed 9,000 SF

Retail Building

(future)

(2018)


AERIAL, LOOKING SOUTH

Highway 52

CypressWarehouse

Goose Creekapprox. 9 miles

(future)(2018)


AERIAL, FOXBANK PLANTATION & TOWNE CENTER

Highway 52


Available

CypressWarehouse

FutureStoplight


Elementary SchoolBeautiful

Savior Church


Amenities Center



(2018)

(future)


AREA RESIDENTIAL DEVELOPMENTS

Cane Bay Plantation585 Homes

Del Webb Charleston541 Homes

Stoney Creek144 Homes

Moss Grove Plantation357 Homes

Oak Hill528 Homes

Baron’s Retreat159 Homes

Oakley Pointe149 Homes

Fairmont South28 Homes

Spring Grove510 HomesStrawberry Station

68 Homes

Pimlico447 Homes

Foxbank Plantation930 Lots Sold

915 Homes Sold15 Homes Available

75 Lots Available

Cypress Grove10 Homes Sold of 247

FoxbankTowne Center

FOXBANK PLANTATION PHOTOS



FOXBANK PLANTATION PHOTOS


RECENT ACTIVITY

Freedom Church, Cypress Gardens Rd.

Beautiful Savior Church, Foxbank Plantation Rd.

Fire Station, Foxbank Plantation Rd.

Elementary School, Foxbank Plantation Rd.

New Spinx, Hwy. 52 & Cypress Gardens Rd.


RECENT ACTIVITY

Strip Center, Foxbank Plantation Rd.


DEMOGRAPHIC PROFILE

Population

Households

Income

Daytime Demographics Total Businesses 64 1,207 2,931 Total Employees 854 15,019 37,825

5 Minute 10 Minute 15 Minute

Average Household Income $66,943 $59,966 $60,123 Projected Average $74,987 $66,925 $67,140 Household Income (2020)

Households 1,575 12,924 40,995 Projected Households (2020) 2,010 14,865 45,896 Projected Annual 5.0% 2.84% 2.28% Growth (2015-20)

Population 4,203 35,047 109,177 Projected Population (2020) 5,349 40,160 121,560 Projected Annual 4.94% 2.76% 2.17% Growth (2015-20) 2010 Census Population 3,216 30,848 99,475 Median Age 33.7 34.7 34.1

Documents

500,000 SF COMMERCIAL CENTER - Constant Contactfiles.constantcontact.com/18814edb001/712a9056-3f99-4ee6-8102-c61e... · • The new Mercedes-Benz Vans van manufacturing plant will