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A pair of Connecticut-based investment firms plan to develop two large industrial buildings in Hanahan, citing the region’s growing economy and its tight industrial real estate market.
A joint venture formed by North Signal Capital LLC and a fund managed by Westport Capital Partners LLC paid $5 million for 30 acres in North Pointe Business Park off North Rhett Avenue on Aug. 31, according to Berkeley County property records.
The seller was an affiliate of paper and packaging giant WestRock Co., formerly MeadWestvaco Corp., which had owned the parcels since 2011.
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