Mar
06

WestRock Sells 4,000-Acre Tract

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sold_stamp redNorth America Sekisui House LLC, a subsidiary of Japan’s largest homebuilder, bought the expansive tract Friday within the growing Nexton community near Interstate 26 and U.S. Highway 17A, according to a joint statement from the buyer and seller. The price was not disclosed.

San Diego-based American Newland Communities, the new owner’s partner, will develop the site.

Almost all of the tract — 3,600 acres stretching from I-26 to U.S. Highway 176 — is slated for new homes. About 400 acres will be set aside for commercial development. Some of the tract is made up of wetlands.

The project is a first in the Charleston region for the owner and developer.

“We selected NASH and Newland Communities because we are confident that they will follow through with our plans for Nexton as they were originally conceived,” said Ken Seeger, president of WestRock Land and Development, the Summerville-based division of paper giant WestRock Co. “We look forward to working beside them on the properties we are continuing to develop.”

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Categories : Charleston, Summerville

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