Charleston Import Center for Canadian Apparel Giant is Sold
// THE POST AND COURIER
Canadian apparel giant Gildan Activewear Inc. has sold its longtime Charleston import and distribution center near Daniel Island but will remain in the mammoth building under a lease agreement with the new owners.
The $51 million sale of the 603,000-square-foot structure on nearly 81 acres to a joint venture between Edgewater Ventures and Singerman Real Estate closed March 15, according to Berkeley County land records.
It’s Edgewater’s first acquisition in the Lowcountry, according to partner Chris Norvell. He said the Raleigh-based firm is “incredibly bullish on the Charleston industrial market and the long-term growth potential” of the Port of Charleston, which operates its busiest terminal less than 10 miles away from the Gildan property.
“This will be our first, but not last, acquisition in the market and we look forward to adding additional industrial assets and development opportunities throughout the region,” Norvell said.
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