NorthPoint Development Breaks Ground on 880-Acre Site in Hardeeville, Economic Development Project will Bring 550 Jobs at Full Buildout
November 14, 2024
NorthPoint Development Breaks Ground on 880-acre Site in Hardeeville SC
Economic Development Project will Bring 550 Jobs at Full Buildout
HARDEEVILLE, SC (November 14, 2024) – NorthPoint Development in partnership with CrossHarbor Capital Partners today celebrated the groundbreaking on an 880-acre economic development site in Hardeeville that will accommodate up to 6M square feet of warehouse and industrial space. Phase I of the project represents $ 200M in capital investment and will generate more than 550 jobs at full buildout.
“We are grateful for the support of the City of Hardeeville, Jasper County and our South Carolina delegation that have worked tirelessly to create an environment that fosters economic growth and development. We are especially grateful for our continued partnership with the SouthernCarolina Regional Development Alliance to develop this important project,” said Mark Hall, Principal of NorthPoint Development.
The South Atlantic Logistics Terminal [SALT] site is strategically located along I-95 and I-17 with immediate access to entire Eastern Seaboard, and is 15 minutes from the Port of Savannah. Bolstered by the continued growth at the Georgia Port Authority and the growing labor pool in the region, SALT is poised to catalyze future growth in the corridor.
NorthPoint has selected SC contractor JH Hiers for the master infrastructure work to include the roadways, stormwater retention and the sewer system that will serve the project. The site will also be served by a new regional water line. Working with the State, the project was submitted for federal funding from a grant program promoting rural water and sewer projects. Using the roughly $8M in State grant funding, Beaufort Jasper Water & Sewer Authority have also engaged JH Hiers to construct and install the regional waterline project.
“We are grateful that the SC Infrastructure Investment Program awarded our region an important grant that has helped make today possible. We are fortunate to have great partners at the State and at the Beaufort Jasper Water and Sewer Authority that recognize the critical role infrastructure plays in economic development and for the future of our region,” says Danny Black, President and CEO of the SouthernCarolina Alliance.
“It is encouraging to see this type of investment that will play a pivotal role in attracting future investment in this corridor,” said Marty Sauls, Chairman of SouthernCarolina Regional Development Alliance. “Sites like this one will create more opportunity and bring high-quality jobs for the hard-working citizens of South Carolina. I am thankful to our partners at NorthPoint Development as well as Jasper County and the City of Hardeeville for their support on this important project,” Sauls added.
In addition to the strong connectivity, the location benefits from access to a skilled workforce of more than 400,000 within a 60-mile radius. The site will benefit from strong workforce development programs in the region including South Carolina’s renowned readySC worker training.
“The South Atlantic Logistics Terminal will forever change the landscape of Highway 17 in Jasper County and Hardeeville. This critical corridor running parallel to I95 between Exit 5 and the new Exit 3 will be known as the road to success for hundreds of the region’s workforce who are looking to achieve a higher quality of life with good paying jobs heretofore unavailable in this part of the state. It will also be a valuable source of new funding for our schools who are looking to attract the best teachers in the state,” said Mayor Harry Williams of Hardeeville.
Construction on the master infrastructure for the site is estimated to be complete in October of 2025. The site is being marketed by JLL, please contact Chris.tomasulo@am.JLL.com for more information.
Media Contact:
Karen Guinn
912.658.4076
karen@CollectiveMarketing.com
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Notes to Editors:
About NorthPoint Development
Based in Savannah, GA, with offices in Charleston, SC and Raleigh, NC, NorthPoint offers end-to-end real estate and development solutions. The power to connect and align diverse interests around a common purpose has always been key to unlocking real estate value. It’s a power that NorthPoint and its partners have been harnessing for their clients and projects for decades. Across the spectrum—from brokerage to development, from industrial to commercial to residential—NorthPoint brings the resources, expertise, and most importantly, personal and proprietary relationships to the table to build enduring legacies and added value at every turn. For more information, please visit www.northpointdev.com.
About SCA
SouthernCarolina Alliance (SCA) is the regional nonprofit economic development organization representing Jasper, Beaufort, Hampton, Colleton, Bamberg, Barnwell and Allendale Counties in South Carolina. Now celebrating their 28th Anniversary, SCA works with public and private partners at the local, state and federal level to bring economic development projects to fruition through marketing, industrial recruitment and product development. The organization has been instrumental in the announcement of $2.664 billion in private capital investment and more than 9,880 jobs.
About CrossHarbor Capital Partners
Founded in 1993, CrossHarbor Capital Partners is a leading real estate investment manager offering a multi-strategy investment platform providing investors with broad access to opportunities across property types, geographies, and the capital structure. With a $32 billion investment track record, the firm currently has $10.2 billion in assets under management in several investment programs along the risk-return spectrum. Through its nation-wide, relationship-driven origination platform, disciplined investment approach, and highly experienced team of professionals, CrossHarbor seeks to generate consistent, risk-adjusted outperformance while focusing on capital preservation. CrossHarbor is based in Boston with offices in Los Angeles, Chicago and Big Sky. For more information, please visit www.CrossHarborCapital.com.