- within Law Department Performance, Real Estate and Construction and Finance and Banking topic(s)
- with Senior Company Executives, HR and Finance and Tax Executives
- with readers working within the Property industries
Congratulations to Womble Bond Dickinson client North Signal Capital LLC for the announcement today by West-Signal, a joint venture owned by an affiliate of North Signal Capital LLC, of construction on a 340,000 square foot build-to-suit warehouse and production facility for Science Applications International Corporation (SAIC) within North Pointe Commerce Park. SAIC is a leading technology integrator in the engineering, technical and information technology markets primarily serving the U.S. federal government.
The Class A industrial facility is designed to the highest institutional standards including LEED certification, insulated tilt-up concrete construction, 32-foot clear height, ESFR sprinkler systems, and LED lighting. SAIC is incorporating several market-leading features, including 20' x 20' drive doors at either end of the building and moment frames throughout the building to maximize utility of the production space. Further, the facility has the capacity for as much as 74,000 square feet of expansion. Completion of the project is expected in late 2018.
"We are honored that SAIC has selected North Pointe Commerce Park as its home for this mission critical facility and look forward to continuing to support their future growth. SAIC represents an exceptional foundation for our tenant roster as we begin the development of all three sites within North Pointe Commerce Park," said Peter Goulding, Partner, North Signal Capital.
Science Applications International Corp. (SAIC), that it is constructing a new platform integration and engineering center in Berkeley County, South Carolina. Slated to be open later this year, the new Platform Innovation Center will be an expansion of SAIC's operations in the Charleston region and will add approximately 200 jobs over the next five years, further supporting economic growth.
"SAIC has a long legacy of doing business in South Carolina and this investment underscores our long-term commitment to the state," SAIC CEO Tony Moraco said.
"We are excited about the new opportunities this state-of-the-art facility will provide and to better enable us to deliver mission critical solutions to our customers. We appreciate the strong support from Governor Henry McMaster, the City of Hanahan, Berkeley County, and the Charleston Regional Development Alliance to bring this important resource to the state."
This investment is directly tied to the expansion of the company's work involving systems engineering, ground tactical vehicles, logistics, and full life-cycle services and solutions. It is a critical component of SAIC's long-term strategy.
SAIC will lease the facility from West-Signal Capital in connection with the development of a 340,000 square foot build-to-suit facility within the North Pointe Industrial Park.
Stephanie Yarbrough led the team for this project, which included economic development, corporate and real estate work. The team included Beth Settle, Kevin Trempe, Brandy David and Denise Herlihy.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
[View Source]
