Ground breaking of Gateway Mount Pleasant, a 65,000 SF class-A, multi-tenant office building
December 14, 2017
Durlach Associates and Landmark Enterprises, the real estate developers, broke ground on Gateway Mount Pleasant, a 65,000 SF Class-A office building under construction at 235 Magrath Darby Boulevard. The project is being built by Choate Construction and will serve as their Charleston Headquarters upon completion in October 2018. Financing is being provided by South State Bank.
Gateway Mount Pleasant is a modern, best-in-class, four-story office building designed by McMillan Pazdan Smith Architecture and Seamon Whiteside Engineers. “With its commanding position at the base of the Arthur Ravenel Jr. Bridge, Gateway will be the most visible and accessible multi-tenant office building in Mount Pleasant and perhaps the entire Charleston area,” stated John Durlach, broker-in-charge at Durlach Associates. The area of Mount Pleasant between the Ravenel Bridge and I-526 continues to attract many new and expanding legal, financial, professional services, and technology firms. These companies are looking for abundant parking and easier commutes for staff, many of whom reside in Mount Pleasant. Gateway Mount Pleasant is perfectly located to address the needs of these growing businesses.
Jason Ward, President of Landmark Enterprises, said: “Breaking ground on the Gateway office building is the result of years of hard work and planning by our entire team, rooted in the vision of Landmark’s Founder Gene Blanton who has been responsibly developing and preserving land in Mount Pleasant since the early 1970s.” Landmark has long viewed the Gateway site as a vital location for economic development, and has master-planned it for this purpose. The new office building and the hotel component completed in 2016 are both highly accessible, state-of-the-art facilities, from which tenants and visitors can take full advantage of expansive marsh and water views.
Bullish on the location and the project, Durlach Associates President, Marcus R. Durlach, IV commented that, “with approximately 97% occupancy, the Mount Pleasant office sub-market is currently the strongest in the greater Charleston area. Gateway’s highly accessible, central location near the Ravenel Bridge in close proximity to East Cooper and Downtown amenities provides companies an advantage in attracting Charleston’s top talent. We are pleased with the tremendous interest in this project, and particularly the decision by Choate Construction to locate its Charleston Headquarters at Gateway. We’re excited to develop this new office building in partnership with Landmark Enterprises, due to our long-standing relationship with Jason Ward and his outstanding team at Landmark, as well as their long history in the Mount Pleasant market.”
Gateway is being marketed for lease by Durlach Associates and Landmark Enterprises.
About Durlach Associates
Durlach Associates develops many of the region’s largest and most successful projects. Lead tenants include Fortune 500 companies, regional businesses and professional services firms. Our team oversees every aspect of development from initial concept through site selection, design, financing, permitting, construction, and commissioning. Durlach has a consistent record of delivering quality projects on time and within budget. Durlach has developed, leased and managed in excess of 1.7 million square feet of Class A office space and is actively working on projects for future delivery. Please visit www.durlach.com for more information.
About Landmark Enterprises
Headquartered in Mount Pleasant, Landmark Enterprises was founded in 1974 by Eugene W. Blanton and is currently led by Jason Ward. It is one of the most trusted and proven full-service commercial real estate development companies in the Southeast. Landmark owns, manages, leases, and/or has developed more than 5 million square feet of commercial space. Its professional staff has the technical knowledge and skills required to guide its clients through the challenges of real estate development, property management and brokerage.
About Choate Construction
As one of the largest general contractors in the Southeast, 100% employee-owned Choate Construction Company considers its Reputation as its number one asset, with future success founded upon the strength of its client relationships. Choate Construction excels in both base and interior construction with office locations in Atlanta, Charleston, Charlotte, Raleigh, and Savannah. Choate strives to lead the industry in financially viable, functional solutions and continually invests in the tools to do so, promoting advances in Safety, Building Information Modeling (BIM) software, LEED® Rating system, and Risk Mitigation. Please visit www.choateco.com for more information.
About Tarrant Commercial/Indigo South Capital
Tarrant Commercial Real Estate headquartered in Charleston, SC is a leading full service commercial real estate company with a primary focus in development and investment services throughout the Southeast. Partnering with Indigo South Capital, a private family office and equity firm with a focus on venture capital and real estate equity opportunities throughout the Southeast.
