Intermodal Private Port Terminal on JLL's Books
Jones Lang LaSalle is to market Macalloy Port Terminal in Charleston, SC for private investors and operators.
The privately-owned, 115-acre Macalloy Intermodal Terminal in North Charleston is being developed to complement South Carolina’s port system, including the adjacent future Navy Base terminal currently being developed and operated by the SCSPA. Macalloy Terminal offers bulk material maritime solutions and is designed for mixed-use purposes, including break-bulk, RO/RO, manufacturing, general cargo and raw material handling.
“The Macalloy terminal represents an extraordinary opportunity for leading maritime interests to become vested in the next generation of U.S. port infrastructure,” said Rich Thompson, Managing Director and Head of JLL’s Port, Airport and Global Infrastructure (PAGI) group. “As well as supporting the state’s existing terminal system, it will provide additional rail/intermodal solutions that benefit shipping interests in the Charleston Harbor.”
Macalloy is located in the industrial hub of North Charleston, S.C. on Shipyard Creek, an optimal maritime location less than two miles from the sea buoy. The site boasts direct access to both rail and roadway arteries and has direct access to international shipping lanes.
“Macalloy as well as other terminals will help restore Charleston’s historic position as a dominant maritime destination by taking advantage of its natural deep water, open ocean access, dual rail connection and reputation for service excellence,” said JLL’s Steve Grable, who is leading the marketing efforts on behalf of the terminal’s owner, Shipyard Creek Associates LLC.
“The tidal lift in Charleston is between five and six feet, which ensures the larger post-panamax vessels can already access the Port of Charleston, making it a key resource for both domestic and international industrial ships,” Grable continued. “This alone will help preserve Charleston’s competitive position in the wake of the Panama Canal expansion.”
JLL is serving as development and investment advisor to the owners of Shipyard Creek Ocean Terminals, which includes Macalloy. JLL is working with world leaders in infrastructure investment, terminal operations and marine development to evaluate opportunities regarding operating or investing in the Macalloy terminal. The development is scheduled to be completed in 2014.