North Charleston’s Faber Plaza Signs First Tenant: Sonepar North America
October 26, 2015
Charleston, South Carolina – Durlach Associates, Trinity Capital Advisors, and Palmetto Commercial Properties are pleased to announce Faber Plaza’s first tenant / client. Sonepar North America has signed a lease for 25,000 square feet, the entire top floor of the 125,000 square foot, five-story Class-A office building.
Currently under construction in North Charleston’s Faber Place submarket, Faber Plaza is a joint venture between Durlach Associates and Trinity Capital Advisors. It is the largest office building in Faber Place and the largest speculative office building built to date in this market. The slated completion date is April 2016.
Faber Plaza will serve as Sonepar North America’s headquarter location. Sonepar North America is a member of the Sonepar Group, an independent, family-owned company with global market leadership in B-to-B distribution of electrical products and related services. Sonepar globally employs over 40,000 associates at more than 224 entities in over 41 countries.
Faber Plaza is located at 4400 Leeds Avenue, adjacent to the Charleston Metro Chamber of Commerce, with immediate access to I-526 and I-26.
“We look forward to operating in this new facility and are excited about the opportunity to move our Low Country workforce into this great location,” said Dave Gabriel, President and CEO of Sonepar North America.
“We are honored that Sonepar North America selected Faber Plaza for its North America headquarters and we look forward to building a long term relationship with this outstanding company,” said Marcus R. Durlach, IV, President of Durlach Associates.
The building features superior efficiency with nearly column free, flexible floorplates, and is surrounded by fountains, a one-acre nature preserve and a small pocket park at the corner of Leeds Avenue. With 100,000 SF of remaining space, Faber Plaza’s leasing team is confident about prospects as the building moves closer to completion.
For leasing information, please visit www.durlach.com and select Faber Plaza.
About Trinity Capital Advisors
Trinity Capital Advisors focuses on the acquisition and development of institutional quality office, industrial and mixed-use real estate in the Southeastern United States. The firm has acquired or developed over 13 million SF totaling over $1.8 billion since inception. Trinity Capital has acquired or developed some of the most successful workplace real estate projects in the Southeast, including Perimeter Park, Ally Center, NASCAR Plaza, Perimeter Woods Business Park, Toringdon Office Park and Westlake Business Park. Investments are capitalized through Trinity Capital’s Value Fund series, as well as through partnerships with some of the country’s top institutional investors. For more information about Trinity Capital, please visit trinitycapitaladvisors.com.
About Durlach Associates
Durlach Associates is a recognized leader in the Charleston commercial real estate market with over 35 years of experience developing, leasing and managing corporate office facilities. The company is committed to enhancing corporate productivity by providing exceptional work environments. Durlach has completed over 1.6 million square feet of Class A facilities valued in excess of $300 million. Charleston area office projects include The Carroll Building, Corporate Square, Summit Corporate Center (now South State Bank – Corporate Center), Parkshore Centre, Faber Centre and 25 Calhoun.
About Sonepar North America
Sonepar North America is made up of the finest locally managed electrical and industrial distributors in the region. Headquartered in Charleston, SC, Sonepar North America is a member of the Sonepar Group, an independent family-owned company with global market leadership in B-to-B distribution of electrical products and related services. For more information, visit Sonepar.com.
About Faber Plaza
Upon completion Spring 2016, Faber Plaza is slated to become Charleston’s premier suburban office building. The property located at 4400 Leeds Avenue in the Faber Place neighborhood of North Charleston combines modern architecture and the latest technology. Column-free, rectangular workspaces and first generation tenant improvements maximize space planning efficiency. Amenities include: Charleston’s most central location, abundant parking, on-site building engineer and day porter services, proximity to banking and dining options, state of the art building management system, vibrant lobby, abundant natural light and outstanding park views, walking paths and first-class property management by Durlach Associates.