According to a recent article from Rebusiness Online, the New Jersey-based private equity and real estate company, The Silverman Group, will break ground on Foreign Trade Zone, a $65 million industrial project located on 400 acres in Summerville, roughly 25 miles from the Port of Charleston — and right down the road from our Foxbank Plantation community.
The first building at the development will total 562,544 square feet and will feature 36-foot clear heights, ample dock doors and trailer storage. The park will also include 520,000 square feet of proposed built-to-suit land. The project will break ground mid-April and is slated for completion in the fourth quarter.
The Silverman Group is a family-owned and operated private equity and real estate development organization that seeks out new and exciting opportunities in both commercial real estate and industrial sectors.
The company evaluates commercial real estate acquisitions of all types in all areas of the country. Currently they have investment properties in Connecticut, Florida, Georgia, Illinois, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania and Tennessee. This will be their first property in South Carolina, and it is huge that a property of this magnitude is coming to our area of the Lowcountry.
With the steady influx of residents and businesses who have been flocking to the Lowcountry, there’s no question that our Foxbank Plantation community is an ideal spot for residents and businesses, alike!