Jun
04

SC Inland Port’s Impact on CRE Unclear

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sc inland portWith business at the S.C. Inland Port exceeding projections and continuing to set monthly highs, sales of commercial properties in the vicinity of the rail-truck terminal are also riding a wave. Sales agents and economic developers said the 18-month-old inland port has enhanced the appeal of the commercial landscape but its biggest splash is ahead.

While BMW has already proved a magnet for suppliers and other commercial prospects and is the port’s largest user, the S.C. State Ports Authority and Norfolk Southern refuse to identify other customers. Adidas has confirmed it uses the intermodal terminal, which connects manufacturers and distributors with the Port of Charleston, and ports officials have said there are users in other states.

Ports authority Senior Vice President Jack Ellenberg has said the inland port has about a dozen customers. While that secrecy leaves the port’s connection to commercial property transactions largely to speculation, Brian Nash of the Spartanburg Economic Futures Group said it is “another tool that differentiates us from a lot of other locations. It gives companies an opportunity to diversify their supply chain solutions.”

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Categories : Greenville, Greer

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