North Charleston, South Carolina Faber Plaza: 125,000 Sf Class A Office Building Breaks Ground
June 15, 2015
CHARLESTON, SC – Durlach Associates and Trinity Capital Advisors broke ground today on Faber Plaza located 4400 Leeds Avenue in the center of Charleston’s premier suburban office market. The 125,000 square foot, 5 story, class A office building designed by LS3P and being constructed by Choate is located at the entrance to The Executive Park at Faber Place and Leeds Park. Faber Plaza will be the fourth major office building built in the Faber Place submarket in the last ten years including Faber Centre, a 95,000 SF office building also developed by a Durlach Associates assembled team. According to John Durlach, broker in charge at Durlach Associates, “The Faber Place sub-market is currently approximately 95% leased. Commercial real estate brokers and area tenants have been calling for a new building for quite a while. The Faber Place neighborhood gives leading companies an advantage in attracting Charleston’s top office workers because of its central location with immediate access to I-526 and I-26, abundant free parking, high quality office space, as well as proximity to Charleston International Airport”. The area is already home to The Charleston Chamber of Commerce, Charleston County Economic Development, and CRDA as well as over 50 major businesses including Boeing, Cummins, Regus, Finkel Law Firm, OOCL, Pulte, Comcast, Lockheed, and Select Health. “We are pleased with the tremendous interest in this project,” said Durlach Associates President, Marcus R. Durlach, IV. “We expect to announce our first tenants in the near future and look forward to delivering Charleston’s most efficient, productive and enjoyable workplace when the building opens Spring 2016”. “We’re excited to develop this new office building with Durlach Associates,” noted Trinity Capital Advisors Founding Partner, Gary Chesson. “Charleston’s office sector is obviously supply-constrained and this is a great time to introduce Class A product to the market.” Faber Plaza is being marketed for lease by Durlach Associates and Richard Morse of Palmetto Commercial Properties.
About Durlach Associates
Durlach Associates is a recognized leader in the Charleston commercial real estate market with over 35
years experience developing, leasing, and managing corporate office facilities. The company is committed to enhancing corporate productivity by providing exceptional work environments. Durlach has completed over 1.6 million square feet of Class A facilities valued in excess of $300 million. Durlach develops facilities to accommodate major corporations, the federal and state government as well as local and regional businesses.
About Trinity Capital Advisors
Founded in 2001, Charlotte-based Trinity Capital Advisors focuses on the acquisition and development of institutional quality office, industrial, and mixed use real estate in the Southeastern United States. The firm has invested approximately $1.8 billion since inception. Trinity Capital has acquired or developed some of the most successful real estate projects in the Southeast, including Ally Center, NASCAR Plaza, Perimeter Woods Business Park, Toringdon Office Park, and Westlake Business Park. Investments are capitalized through Trinity Capital’s Value Fund series as well as through partnerships with some of the country’s top institutional investors. For more information about Trinity Capital, please visit our website at trinitycapitaladvisors.com. About Faber Plaza
Upon completion Spring 2016, Faber Plaza is slated to become Charleston’s premier suburban office building. The property located 4400 Leeds Avenue in the Faber Place neighborhood of North Charleston combines modern architecture and the latest technology. Column free rectangular workspaces and first generation tenant improvements maximize space planning efficiency. Amenities include: Charleston’s most central location, abundant parking, on site building engineer and day porter services, proximity to banking and dining options, state of the art building management system, vibrant lobby, abundant natural light and outstanding park views, walking paths and first class property management by Durlach Associates.
