RIDGE BREAKS GROUND ON 686,300 SF SPECULATIVE PROJ

CHARLESTON, S.C., July 12, 2017 (GLOBE NEWSWIRE) -- Ridge, the industrial development arm of Transwestern Development Co., today announces it has broken ground on a 63-acre site at Interstate 26 and Jedburg Road in Jedburg, South Carolina, approximately 30 miles northwest of Charleston. The site will house a total of 686,300 square feet of speculative industrial space in Charleston Logistics Center. The two state-of-the-art industrial buildings are slated for delivery beginning first quarter 2018. “Charleston is ramping up for significant growth in the industrial market, driven by the Port of Charleston and corporate expansions that have added 8,000 jobs in the region,” said Steve Kros, Executive Vice President at Ridge. “The market is served by a single interstate, creating a scarcity of functional sites for industrial development. Charleston Logistics Center will stand out among competing parks due to its superior access to I-26 for truck transportation as well as employees.” The two Class A buildings are designed for multitenant use. Each rear-load building will encompass 343,150 square feet, 32-foot clear height, 54-by-48-foot column spacing, 60-foot staging bay, ESFR, 64 dock doors, two drive-in doors, 202 car parking spaces and 76 truck parking spaces.  Collier’s Simons Johnson and Peter Fennelly are leasing the project. ABOUT RIDGE Ridge, the industrial arm of Transwestern Development Co., is a leading provider of corporate real estate development and investment in state-of-the-art warehouse, distribution and manufacturing facilities throughout North America. Ridge’s principals have been involved in the development, construction, ownership and management of more than 125 million square feet of institutional-quality real estate and have an average 25 years of experience in the real estate industry. Ridge is based in Chicago, with regional offices across the U.S. in Atlanta, Dallas, Los Angeles, Houston and Harrisburg, Pennsylvania.

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...c8537e483c

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...69066e46f6

Stefanie Lewis Transwestern 713.272.1266 stefanie.lewis@transwestern.com