John McCloudis editor of Industry Property Journal,from which this article is excerpted.

Charleston, SC—Hillwood Investment Propertiesunveiled plans for a major project that will be not only thelargest industrial development in the history of this port city butalso one of the largest announced this year for anywhere in the US.The Dallas-based company plans to break ground in Q1 '08 onCharleston Trade Center, a 750-acre industrial project that couldultimately have up to eight million sf of logistics and lightmanufacturing space and one million sf of other uses.

According to Hillwood senior vice president Gary Frederick, theproject seeks to take advantage of growth at the Port ofCharleston. In the fiscal year ending this past June 30, portcontainer volumes totaled 1.88 million 20-foot equivalent units.Though this figure was down 4.8% from last year's record-breakingtotal, the South Carolina State Ports Authority, which isheadquartered in Charleston, projects significant growth over thenext 10 years. The port currently ranks sixth in the US in terms ofcargo value.