Rockpoint Acquires Omni Industrial Campus In Summerville, SC For $94.4M

The Omni Industrial Campus, a 1.3 million-square-foot logistics development in Charleston, South Carolina, has been successfully sold by Phillip Solomond to Bill Walton's company, Rockpoint. The sale price for the industrial property was $94,400,000, with a price per square foot of $73. The campus features three buildings and is located at 247 Omni Dr in Summerville, SC.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $94,400,000
• Square Footage: 1,300,000
• Price per Square Foot: $73
• Address: 247 Omni Dr, Summerville, SC
• Market: Summerville, SC

Rockpoint secured a $94.4 million loan from Forethought Life Insurance Co to complete the acquisition. Phillip Solomond received advisory support from Latham & Watkins LLP and JLL Capital Markets during the transaction.