SOLD
Rockpoint Acquires Omni Industrial Campus In Summerville, SC For $94.4M
247 Omni Drive
Industrial
1,300,000 SF
1,300,000 SF
Sold 196 days ago
Summary
Sale
SOUTH CAROLINA
Industrial
1,300,000 sqft
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.
Players
Details
SOLD
IMAGE: Bill Walton & Phillip Solomond
DATE: 10/25/2023
ADDRESS: 247 Omni Dr
MARKET: Summerville, SC
ASSET TYPE: Industrial
BUYER: Bill Walton - Rockpoint
SELLER: Phillip Solomond - Stonepeak
LENDER: Forethought Life Insurance Co
SALE PRICE: $94,400,000
SF: 1,300,000 ~ PPSF: $73
NOTE: Stonepeak has successfully sold the Omni Industrial Campus, a substantial 1.3 million-square-foot logistics development featuring three buildings in Charleston, South Carolina. The acquisition was made by Rockpoint, securing a $94.4 million loan from Forethought Life Insurance Co., and Stonepeak received advisory support from Latham & Watkins LLP and JLL Capital Markets.View on map
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Address247 Omni Drive
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