A recent announcement states that Durlach Associates and Trinity Capital Advisors have broken ground on South Carolina’s Faber Plaza, located in middle of northern Charleston’s top suburban office market, at 4400 Leeds Ave.
“The Faber Place sub-market is currently approximately 95 percent leased,” John Durlach, broker in charge at Durlach Associates, said. “Commercial real estate brokers and area tenants have been calling for a new building for quite a while. The Faber Place neighborhood gives leading companies an advantage in attracting Charleston’s top office workers because of its central location with immediate access to I-526 and I-26, abundant free parking, high quality office space, as well as proximity to Charleston International Airport.”
The class A office building stands five stories tall and 125,000 square feet large. Designed by LS3P, it will be constructed by Choate. The building’s location is ideal, standing at the entrance of The Executive Park at Leeds Park and Faber Place.
“We are pleased with the tremendous interest in this project,” Durlach Associates President Marcus R. Durlach IV said. “We expect to announce our first tenants in the near future and look forward to delivering Charleston’s most efficient, productive and enjoyable workplace when the building opens Spring 2016”.
The area has seen a significant amount of growth recently: the Faber Plaza is the fourth major office building to be constructed in the submarket’s Faber Place within the past 10 years.
“We’re excited to develop this new office building with Durlach Associates,” Trinity Capital Advisors Founding Partner Gary Chesson said. “Charleston’s office sector is obviously supply-constrained, and this is a great time to introduce Class A product to the market.”