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Remount Venture Signs Two Leases in Second Building at Remount Business Park in North Charleston, SC

May 16, 2012

CHARLESTON, SC – Charleston, SC-based Remount Venture, LLC, signed two leases comprising 30,470 SF at Building Two in its 65-acre, 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. According to Goode, the developer is currently in discussions with several users for the only two remaining units that total 18,831 SF and 12,766 SF respectively.

Booz Allen Hamilton, Inc. signed a long-term lease for 16,434 SF of space at Remount’s second building, a 105,105 SF multi-tenant, office/industrial/integration facility. Remount Venture was represented in the transsaction 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. Booz Allen Hamilton was represented in the lease transaction by Jim Thorp and Matthew Bowen of Jones Lang LaSalle.

Remount Venture also signed a long-term lease with CACI International, Inc. for 14,036 SF of office/integration space at Remount Building Two. Remount Venture was again 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. CACI, Inc. was represented in the lease transaction by Peter Fennelly of Colliers International and Chethan Rao of UGL Services.

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. Clayco served as the design-builder and constructed the first two buildings on the 35 acre site. The first building was a 199,964 square foot and the second a 105,150 square foot high-tech facility. Forum Studio, Inc. completed the interior finish and serve as the architect of record.

The new leases are in addition to the building’s existing tenant Science Applications International Corporation (NASDAQ: SAI). SAIC, a Fortune 500 company, currently occupies 43,081 SF in Remount Building Two.

Founded in 1914 and headquartered in McLean, Virginia, Booze Allen Hamilton (NYSE: BAH) has been at the forefront of technology and consulting for nearly a century. In fiscal year 2011 Booz Allen had annual revenue of $5.59 billion. Today, Booz Allen employs more than 25,000 people and is a leading provider of management and technology consulting services to the US government in defense, intelligence, and civil markets, and to major corporations, institutions and not-for-profit organizations. The firm is a well-known, trusted and long-term partners to their clients, who seek expertise and objective advice to address their most important and complex problems.

CACI International, Inc (NYSE: CACI) provides professional services and IT solutions needed for defense, intelligence, homeland security, and IT modernization and government transformation. CACI delivers enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR services; cyber solutions; integrated security and intelligence solutions; and program management and SETA support services. Headquartered in Arlington, Virginia, CACI had annual revenue of more than $3.57 billion in its fiscal year ended June 30, 2011 and more than $1.89 billion for the first six months of fiscal year 2012.CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 14,300 employees working in over 120 offices in the U.S. and Europe.

With the execution of these two leases the overall occupancy of the Buildings One and Two is 90 percent. Construction on the 77,000 SF Remount Building Three is expected to commence before the end of the year due to the level of strong leasing activity and interest in the Park. Building Three could be available for occupancy as early as the fourth quarter of 2012.

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 Chicago based Clayco; Chicago-based Venture One Real Estate, LLC; Charleston, SC-based Landmark Enterprises, Inc.; and First Commercial Partners, LLC, also based in Charleston.