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NORTH CHARLESTON, SC-Locally based Remount Venture plans to develop an $82-million, mixed-use business park on 65 acres it recently purchased in North Charleston from Richmond, VA-based MeadWestvaco Corp. Remount Business Park will consist of 450,000 sf.

Set to rise at the southeast corner of Remount Road and North Rhett Avenue, the business park will have five buildings, including three single-story office, office/flex and office/integration buildings totaling 400,000 sf. The park will also have two retail/service buildings totaling 50,000 sf.

Remount Business Park will be located a half mile from the Port of North Charleston and three miles from Charleston International Airport. It will be adjacent to the entrance of the Space and Naval Warfare System Center, the space and weaponry procurement and development arm of the US military.Remount Venture execs add that construction on a partially leased 200,560-sf building will begin in August, with a target completion date in May. Atlanta-based Scientific Research Corp. has already preleased 65,000 sf of office and office/integration space in this first building.

The Charleston-area operation is the largest of Scientific Research’s 11 major engineering centers with an employee base that exceeds 500 highly skilled workers in the area. The company anticipates a significant increase in employment opportunities as it expands its operations in the Charleston area over the next five years, according to SRC president and CEO Michael Watt. “The new facility will include state-of-the-art electronic integration space enabling SRC to provide enhanced capabilities to our military and law-enforcement customers,” Watt says in a statement.

North Charleston Mayor R. Keith Summey adds in the statement that the city is “excited about taking the vacant property and creating new jobs in the community, new economic development opportunities for the region and a new market for [Space and Naval Warfare System Center] contractors who want to be close to their facility.”

“All of the buildings at Remount Business Park have been designed with our target market in mind–single-story, drive-up buildings with drive-in docks and truck-high access,” explains Mark B. Goode, principal of Venture One Real Estate LLC, which is one of the principals in Remount Venture. “During 18 months of market research and conceptual design, we held multiple meetings with various types of defense contractors and other flex-space corporate users to evaluate their specific requirements for the design and construction of their facilities. Their high-tech requirements have been incorporated into our overall plan.”

According to Goode, the first office/industrial/integration facility will be 100% air conditioned and feature a ceiling 18-foot clear, multiple truck docks and drive-in doors, and parking for four cars per 1,000 sf.

“This is a very unique opportunity to place a futuristic, well-planned, aesthetically pleasing and compatible building complex directly across from the main entrance to the Remount Road side of the Naval Weapons Station and less than one mile from the North Charleston Terminal of the South Carolina State Ports Authority,” says David M. Kirby, principal of Charleston-based First Commercial Partners LLC, a principal in Remount Venture.

“We are very happy to be able to produce this high-quality development and investment in North Charleston. The community has been great to work with,” adds Tom Schroyer, principal of Clayco Realty Group, also a principal in Remount Venture.

Remount Venture LLC, is a new entity, created specifically to develop the Remount Business Park. The companies that comprise Remount Venture include St. Louis-based Clayco Realty Group; Chicago-based Venture One Real Estate LLC; Charleston, SC-based Landmark Enterprises Inc.; and First Commercial Partners LLC, also based in Charleston.

Exclusive leasing agent for the Remount Business Park is the team of Eugene W. Blanton, president of Landmark Enterprises Inc., and Kirby of First Commercial Partners LLC. Clayco Realty Group and Venture One Real Estate are co-developers of the park. Clayco Inc. is the contractor for the park and its facilities. Forum Studio, also headquartered in St. Louis, is the project architect. Mortgage financing is being provided by Chicago-based ORIX Real Estate Capital, Inc., a subsidiary of ORIX USA, headquartered in Dallas.

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