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Remount Venture Leases Last Space in First Building at Remount Business Park in North Charleston, SC

September 3, 2010

September 3, 2010 CHARLESTON, SC – Charleston, SC-based Remount Venture, LLC, signed a lease comprising 16,244 SF at Building One in its 65acre, mixed-use Remount Business Park in North Charleston, SC, announced Mark B. Goode, SIOR, Principal of Chicago-based Venture One Real Estate, LLC, one of the principals in the Remount Venture. Building One is now 100 percent leased.

 

QinetiQ North America signed a long-term lease for 16,244 SF of space at Remount’s first building, a 199,964 SF multi-tenant, office/industrial/integration facility. Remount Venture was represented in the transaction by the park’s exclusive leasing agents including David M. Kirby, SIOR, Principal of First Commercial Partners, LLC, and Eugene W. Blanton, SIOR, CRE, President of Landmark Enterprises, Inc.

Remount Business Park is located near the southeast corner of Remount Road and North Rhett Avenue, one-quarter mile northeast of the four-way intersection of I-526 and North Rhett Avenue in North Charleston, South Carolina’s third largest municipality.

The new lease is in addition to the building’s existing tenants including Scientific Research Corporation, CGI Group, Inc. (NYSE: GIB), Three Saints Bay, LLC and Anixter International (NYSE: AXE).

QinetiQ North America delivers innovative defense and security technology solutions for global markets, focusing on US government and commercial customers. They employ more than 6,000 engineers, scientists and other professionals across the United States. Headquartered in McLean, Virginia, QinetiQ North America had annual revenue of more than $1 billion in its fiscal year ended March 31, 2010. QinetiQ North America is part of QinetiQ Group PLC (LSE:QQ.) which is a British global defence technology company, formed from the greater part of the former UK government agency, Defence Evaluation and Research Agency (DERA), when it was split up in June 2001. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

According to Goode, the developer is currently in discussions with perspective tenants for the rest of the park. “In fact, we have completed all the park’s infrastructure and are shovel-ready for the last two buildings at Remount. They include a 105,000 SF facility and a 77,000 SF facility that could be available for occupancy by the first quarter of 2010,” said Goode.

When built out, the Remount Business Park will accommodate 400,000 SF of space. The park is designed to satisfy the office and flex space requirements of military customers, North Charleston Port Terminal service providers, high-tech vendors, and general office tenants – all of which are attracted to single-story space close to the interstate highway system.

The park is situated in a unique location, ideal for a futuristic, well-planned, aesthetically pleasing and compatible building complex, directly across from the main entrance to the Remount Road side of the Naval Weapons Station and less than one mile from the North Charleston Terminal of the South Carolina State Ports Authority. The park is adjacent to the entrance of the 98-square-mile Naval Weapons Station military base, which houses 47 commands.

About Remount Venture, LLC
Remount Venture, LLC, was created in 2006 specifically to develop the Remount Business Park; however, its principals are all long-term veterans of commercial real estate development on a national basis with combined experience of more than 100 years. The partners in Remount Venture include St. Louis, MO based Clayco Realty Group; Chicago-based Venture One Real Estate, LLC; Charleston, SC-based Landmark Enterprises, Inc.; and First Commercial Partners, LLC, also based in Charleston. For more information about Remount Business Park, contact David M. Kirby, SIOR, with First Commercial Partners at (843) 971-5983 or atdkirby@firstcommericalpartners.net.