Port of Port Royal Back on the Market?


The state is seeking new buyers for the Port of Port Royal property despite the fact that the developer attempting to buy it for $17 million has a month to close the deal.

“Due to the continued difficulties the buyer has faced getting their final financing arrangements, we have granted a final extension with a closing date of Sept. 12,” S.C. State Ports Authority spokeswoman Allison Skipper said by phone Wednesday. “But in the meantime, we are open to speaking with other potential buyers in case that does not go through.”

The property continues to be listed by the NAI Avant real estate firm at $20.4 million. The company previously marketed the 52-acre property.


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