Alterra IOS, a nationwide industrial outdoor storage company, has announced the partial completion of a 21.6-acre parcel in Charleston.
ARCO real estate design and construction firm partnered with Alterra to complete the project. The tenant for the parcel will be Heniff Transportation Systems LLC, a national liquid bulk services provider, according to an Alterra IOS news release.
The storage yard will be located close to Interstates 26 and 526, Charleston International Airport and the Port of Charleston, according to the release. Heniff’s site will be located at 7101 Bryhawke Circle.
“This site is one of our largest and the fact that the design supports six-high stacking for shipping containers makes it an extremely unique and desirable asset for a major transportation company like Heniff as they expand operations in the Charleston area,” Charlie Totten, senior vice president at Alterra IOS, said in the release. “We’re always eager to pursue opportunities that meet growing demand from national IOS tenants through thoughtfully designed, centrally located properties like 7101 Bryhawke, and we look forward to expanding our presence in the Charleston market, especially as the city’s port activity continues to flourish.”
The property’s zoning rules allows the transportation systems company to stack ISO containers up to six levels high, competing with the typical three-to-four stacking limit in the Charleston area.
Currently, 10,000-square-feet of warehouse space and 7 acres of the site is finished for Heniff to use. According to the release, the rest of the 21,200-square-feet of warehouse space and 21.6 acres will be completed in early 2025.
“This site’s combination of location, shop space, and stacking capabilities makes it an ideal facility to support Heniff’s full suite of operations, including tank cleaning, ISO shipping, rail transloading and more,” Bob Heniff, founder and CEO of Heniff Transportation Systems, said in the release. “Our occupation of this property will enable us to better serve our customers across the Southeast and we’re proud to work alongside partners like Alterra and ARCO that have such a strong understanding of our business and the IOS landscape.”
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To provide for Heniff Transportation System’s future tank cleaning operations, the Alterra site will have roughly 75,000 square yards of container storage space, 3,200-square-feet of office space and 18,000-square-feet of service and shop space, the release said.
The shop space will offer electrical service, water, water reclamation systems and gas service that the company will require, as well as 16 drive-in doors.
“The IOS market is continuously growing – supply is limited and recent surges of institutional capital into the space have made it an ideal time to invest in developing these assets,” David Christel, director of operations at ARCO, said in the release. “We’re thrilled to partner with Alterra and Heniff on this unique construction opportunity and look forward to supporting both companies as they enhance and expand operations in Charleston and across the East Coast.”
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