CBRE Selected to Lease North Rhett Center at 5801 North Rhett Following Obelisk Real Estate Partners Acquisition

CBRE has been retained to market and lease North Rhett Center at 5801 North Rhett Avenue, a 516,000-sq.-ft., two-building industrial property in Hanahan, South Carolina. The property offers approximately 318,926 sq. ft. of available space for lease and was recently acquired by Obelisk Real Estate Partners.

CBRE's Brendan Redeyoff and Bob Barrineau are leading leasing efforts on behalf of Obelisk Real Estate Partners.

Obelisk Real Estate Partners recently acquired 5801 North Rhett Avenue and the adjacent 305,250-sq.-ft. industrial property at 1020 North Pointe Industrial Boulevard from CenterPoint Properties. The transaction further expands Obelisk's industrial presence in the Charleston market and adds two strategically located assets within one of the region's most established logistics corridors.

The available space at 5801 North Rhett can accommodate users ranging from approximately 50,000 sq. ft. to the full 318,926 sq. ft. The property also offers CSX rail service and up to 3.25 acres of laydown yard space, providing flexibility for a range of manufacturing, logistics and distribution users. The asset is also proximate to the NIWC and Charleston International Airport, where Boeing is expanding its production facility.

"We are excited to extend our partnership with Obelisk as they continue to acquire industrial assets in Charleston," said Brendan Redeyoff, Senior Vice President at CBRE. "Opportunities of this scale are increasingly difficult to find in infill Charleston locations. The property's proximity to the Port, Naval presence and Boeing, along with its connectivity to the interstate system (both I-26 and I-526) and regional labor pool positions it well for a wide range of industrial occupiers seeking efficient access to the Southeast market."

"We are thrilled to grow our presence in Charleston and invest in the people and infrastructure that make it so dynamic," said Dustin Potter, Managing Principal at Obelisk Real Estate Partners. "Obelisk looks forward to being a part of the market's continued growth and success, and we are grateful to do it alongside great partners including CBRE."