±11 ACRES SOLD AT INTERSECTION OF I-26 & I-526

MEMBER SUBMISSION • October 29, 2024

Potential uses include medical office space, residential units, and commercial retail offerings.

CHARLESTON, SC – October 2024 – NAI Charleston is proud to announce that Dexter Rumsey and Ed Sutton of NAI Charleston represented the buyer in the acquisition of an ±11-acre site at 5001 Lacross Road, located at the strategic intersection of I-26 and I-526. Formerly a dairy distribution facility, the property is adjacent to the upcoming billion-dollar Roper Hospital.

The buyer has plans for a mixed-use development to complement the hospital. Potential uses include medical office space, residential units, and commercial retail offerings.

“Eleven upland acres at this key intersection in our region presents an excellent opportunity for a mixed-use or multi-family development to serve the growing needs of the new hospital and the surrounding community,” said Ed Sutton.

For more information on the transaction, contact Ed Sutton at 803.206.5382 / [email protected] or Dexter Rumsey at 843.452.9417 / [email protected].

About NAI Charleston

NAI Charleston is a full-service commercial real estate firm whose industry experts have over a century of combined experience in the Charleston commercial real estate industry and over $1 billion in total transaction volume. In 2017, local brokers Thomas Boulware, Dexter Rumsey, David Ingle and David Grubbs partnered together to found NAI Charleston as an independent franchise of NAI Global, one of the leading global commercial real estate firms, to strengthen their leadership and footprint in the Lowcountry. An owner-operated firm, NAI Charleston possesses a highly personal and unwavering commitment to excellence that can’t be duplicated. Local ownership and leadership, paired with global resources, enable them to offer clients unparalleled services. As a member of NAI Global, NAI Charleston has independent access to the largest, most powerful network of owner-operated commercial real estate firms in the world. Their affiliates comprise 5,800 professionals in 325 offices and 36 countries. Their brokerage, development, management, and consulting services are tailor-made to meet the specific needs of each assignment - from single transactions to coordinating the delivery of multiple services over broad geographic areas. http://www.naicharleston.com

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