Childress Klein Properties announces completion of two industrial developments in the Carolinas 02/11/13

Ridge Creek IV, a new 270,000 square foot building located off of Westinghouse Boulevard in Charlotte, has been awarded its certificate of occupancy.  Averitt Express, a transportation and logistics company offering trucking and supply chain services, has commenced their lease and is the building’s first Tenant.  The remaining 202,800 square feet of vacant space features column spacing of 52’ x 52’ with 30’ interior clear height, three 9’ x 10’ dock doors per bay, an ESFR sprinkler system, and approximately 80 trailer parking spaces.  Childress Klein Properties feels that the timing is good in delivering a large block of space to a market when there are few large spaces available.  Childress Klein Properties is handling leasing of the building.

Crosspoint I, a new 182,000 square foot, Class A industrial building located in the 305-acre development of Crosspoint at Palmetto Commerce Park in North Charleston, SC, is a joint venture between Childress Klein Properties and the Atlanta based real estate investment firm, Jamestown Properties.  Upon commencement of their lease in February, JAS Forwarding, an international freight forwarder and logistics company, will relocate its operations to Crosspoint I, becoming the anchor tenant.  The remaining 104,000 square feet represents the first significant, speculative industrial space in the Charleston market in 5 years.  Crosspoint I features column spacing of 50’ x 50’ with a 60’-deep loading bay, 30’ interior clear height, a 180’-deep truck court, and onsite trailer parking. CBRE|Carmody of Charleston is handling leasing.

Construction on uptown luxury apartment tower set for January 11th 01/10/13

Construction begins Friday, January 11, 2013 on a new 22-story luxury apartment tower in Uptown Charlotte.  The project is located at the corner of South Mint Street and Martin Luther King Jr. Boulevard in the Third Ward neighborhood of Uptown Charlotte, near the Levine Center for the Arts, the Romare Bearden Park and the future BB&T ballpark.  The $85million project will consist of 352 studio, one and two-bedroom luxury residential apartments.  The project includes over 460 parking spaces located on the first six floors of the Building.  Amenities include a resort style salt water pool, club room for residents overlooking the Romare Bearden Park, state of the art fitness center and 24 hour concierge/doorman services.

The project is the first significant private construction project in Uptown since the financial crisis of 2008 and will also be Uptown Charlotte’s first high-rise apartment project designed specifically as for rent apartments.  This will be Childress Klein’s second multi family project, the first project is a 276-unit garden style apartment project located in the West Ashley area of Charleston. Childress Klein’s multifamily division is headed up by Fred Klein III and Kelly Dunbar. 

Please see the following links for two articles recently published in regards to the project:

http://www.charlotteobserver.com/2013/01/09/3775237/childress-klein-to-build-luxury.html

http://www.bizjournals.com/charlotte/blog/real_estate/2013/01/childress-klein-starting-uptown.html

CKP and Jamestown Properties have begun construction of Crosspoint I 10/18/12

Childress Klein Properties and real estate investment firm Jamestown Properties have begun construction of Crosspoint I, a 182,000 square foot, Class A industrial building in the 305-acre mixed-use development Crosspoint at Palmetto Commerce Park.  Crosspoint I is set for completion in February of 2013.

Upon completion, JAS Forwarding, an international freight forwarder and logistics company, will relocate its operations from an existing Charleston-area facility to 78,000 square feet in Crosspoint I, becoming the anchor tenant.  The remaining 104,000 square feet represents the first significant speculative industrial space in the Charleston market in 5 years.

Crosspoint I will feature column spacing of 50’ x 50’ with a 60’-deep loading bay, 30’ interior clear height, a 180’-deep truck court, and onsite trailer parking.

Childress Klein Properties is developing the building and CBRE|Carmody of Charleston will handle leasing.