DP World, a global logistics company and one of the world’s largest marine terminal operators, has inaugurated the Gateway Logistics Park, the industrial building located in the 1300+ acre development in Orangeburg County, South Carolina.
The building marks a milestone with the continued partnership with Orangeburg County and the State of South Carolina for the continued economic development of the planned 6+ million square feet industrial park.
The South Carolina Gateway Logistics Park offers a strategic, inland and rail-served platform with close port proximity for industrial development. The park provides flexible solutions for both large and mid-size users, with build-to-suit opportunities ranging in size from 50,000 square feet to 1+ million square feet.
DP World has been working closely with Orangeburg County throughout the course of the project to ensure the logistics park meets the needs of the end-users, which is fully integrated and will benefit the surrounding communities.
In particular, the property will be placed in a multi-county industrial park shared by Orangeburg and Dorchester Counties, providing the opportunity for enhanced tax credits for tenants located in the park. DP World anticipates this process to be completed in the coming weeks.
“It is with great pride that we open the Gateway Logistics Park for business today and celebrate a long-term investment that is estimated to bring more than $500 million into the economy. The collaboration with Orangeburg County and the State of South Carolina has been a model of the kind of economic development that public and private partnerships can create when the greater good is at the center. This expansive site is full of potential economic opportunity for South Carolina including two-thousand jobs and local tax revenues upward of $10 million.”
Mr. W. Keller Kissam, Chairman, Central South Carolina Alliance, commented that, “Ready product is a crucial component in landing projects with companies that rank speed to market as a priority on their wish list. We’re excited to see the opportunities that this speculative building will provide in the Orangeburg market, as well as the attraction of prospecting businesses that it draws from around the globe.”