Rendering of Scout manufacturing plant in South Carolina. Picture courtesy of Scout Motors Inc.
Scout Motors Inc., the corporate which launched the SUV in 1960, plans to construct its first manufacturing plant close to Columbia, S.C. The undertaking entails a $2 billion funding and has the potential to create greater than 4,000 everlasting jobs.
Groundbreaking is slated for mid-2023, with manufacturing scheduled to start by the tip of 2026.
Backed by Volkswagen Group, Scout Motors is at the moment evaluating the potential for outdoor funding.
Vice Chairman Greg Lubar and Government Managing Director Matt Jackson with JLL Capital Markets represented Scout within the web site choice.
The event web site encompasses 1,600 acres and the plant will occupy 1,100 acres. The undertaking shall be bordered by Blythewood Highway and Interstate 77, roughly 20 miles north of Columbia. The manufacturing plant shall be related to main roads, together with interstate 20 and 26 and highways 21 and 321, which is able to facilitate the entry to the ports of Savannah and Charleston.
A scorching spot for industrial growth
Scout Motors’s web site choice strengthens South Carolina’s purpose of changing into a serious heart of electrical car innovation. By an govt order issued in October 2022, South Carolina Gov. McMaster prioritized constructing EV infrastructure, getting ready the state workforce for superior manufacturing jobs and organizing EV planning underneath a centralized state working group. South Carolina’s main hubs for industrial growth proceed to broaden, notably in markets reminiscent of Charleston and Greenville-Spartanburg.
JLL’s 2022 fourth quarter report on South Carolina’s port exhibits that Charleston had 8.2 million sq. ft of commercial house underneath growth to be delivered in 2023, of which 47 % was already leased.
Final 12 months, a number of industrial tasks within the area exceeded 1 million sq. ft. Originally of 2022, PCCP and Panattoni Growth Co. teamed up for the development of Tyger Ridge Logistics Heart, a 1.5 million-square-foot logistics park in Duncan, S.C., which is slated for completion within the second quarter of 2023. Later in spring, Dalfen Industrial introduced plans for the event of Palmetto Logistics Heart in Charleston. The 1.3 million-square-foot will come on-line within the third quarter of 2023.
Main tasks launched final summer season embrace a 2 million-square-foot industrial complicated in Anderson, S.C., developed by Hunt Midwest, in addition to a 1.6 million-square-foot growth in Greenville, S.C. A partnership between SunCap Property Group and Goldman Sachs Asset Administration broke floor on the undertaking’s first part in July.
