New spec space

More speculative construction is on the way in Berkeley County, with plans announced for two buildings northwest of the Nexton interchange along U.S. Interstate 26.

Randolph Development is partnering with Portside Investment Group and Synergy Capital to build the Portside Distribution Center off Exit 197 near the Charleston Trade Center.

The Portside project will consist of two buildings — one at 189,500 square feet and the other at 200,000 square feet — to be built over a two-year period by Frampton Construction. The first building on the 31-acre site is scheduled to begin construction on March 1.

“The new interchange creates excellent access to I-26 for a variety of distribution users coming in and out of the Charleston area,” said Randy Bates, managing partner of Randolph Development.

Commercial real estate firm Cushman & Wakefield | Thalheimer projects 2.3 million square feet of industrial space will be added to the Charleston-area market in 2019. That is on top of 6.3 million square feet that came on line in 2018 — more than four times the region’s historical average.