The Offices at Morrison Yard

Office for Lease
Catylist Listing ID: 30587216
Property Subtypes: Office Building
Building Status: Under Construction
Contiguous Space: 2,500 - 111,325 SF
Building Size (RSF): 145,000 SF
Gross Land Area: 2.87 Acres
Lease Rate: $31 - 33 PSF (Annual)
Base Monthly Rent: $38,750 - 55,000
Lease Types: NNN
Ceiling: 9 ft.
In Opportunity Zone? Yes
Building Name: Morrison Yard
Class of Space: Class A
Core Factor: 12%
Last Updated: 9/30/2021

Overview / Comments

The Offices at Morrison Yard is twelve stories in height and consists of retail on the ground floor totaling 10,000 SF and approximately 135,000 SF of multi-tenant, Class “A” office space with the first office floor being elevated approximately 45' above the ground floor plaza. The 12th floor will serve as 8,000 SF rooftop event space.

The development will also have a wetlands and hardscape plaza, a rooftop venue for events and an adjoining 395 space parking deck. Morrison Yard will utilize 2.87 acres of highland adjacent to the Ravenel Bridge on Morrison Drive with unequaled water and city views. The property is just seconds away from the heart of downtown Charleston and allows convenient access to Mount Pleasant, North Charleston and West Ashley. Morrison Yard will be the first project to go through the local sustainability certification program, Charleston RISES.

Core Factor (Single-Tenant) - 12%
Core Factor (Multi-Tenant)- 16%

Expand All 7 Spaces Available

Suite: 6th Floor 8,000 SF $32 PSF (Annual) NNN
Suite: 7th Floor 8,325 SF $32 PSF (Annual) NNN
Suite: Entire 10th Floor 20,000 SF $33 PSF (Annual) NNN
Suite: Entire 11th Floor 20,000 SF $33 PSF (Annual) NNN
Suite: Entire 5th Floor 15,000 SF $31 PSF (Annual) NNN
Suite: Entire 8th Floor 20,000 SF $32 PSF (Annual) NNN
Suite: Entire 9th Floor 20,000 SF $33 PSF (Annual) NNN

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 4590200001
Zoning: OTHER
Property Located Between: Morrison Drive and Johnson Street
Property Visibility: Excellent
Highway Access: Direct and convenient access to I-26 and Arthur Ravenel Jr. Bridge
Airports: 15 minutes from Charleston International Airport
Area Description: A former industrial strip just north of Charleston’s traditional downtown, the Upper Peninsula District has transformed into a hub for startups, with the nascent tech scene dubbing the nickname Silicon Harbor. The district was established in 2013 as part of the City of Charleston and Sustainability Institute’s “Upper Peninsula Initiative,” an economic development program promoting thoughtful and sustainable development. The vibrant Upper Peninsula is positioned to be Charleston’s next hot spot.
Total Number of Buildings: 1
Number of Stories: 12
Typical SF / Floor: 20,000 SF
Year Built: 2022
Roof Type: Other
Construction/Siding: Steel Frame
Exterior Description: Conventional structural steel frame with reinforced lightweight concrete decks and a precast parking deck. Building dimensions are 92’-11 3/4” x 220’-6”.
Parking Ratio: 3 (per 1000 SF)
Parking Type: Structure
Parking Description: 3.0/1,000 USF in an adjoining 395 space parking deck
Total Parking Spaces: 395
Passenger Elevators: 4
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Internet Access: Cable, Fiber Optic
Interior Description: FLOOR-TO-FLOOR HEIGHT: Between 10’ and 24’-6” for office lobby, 10’ for deck levels, 14’ for office and retail FLOOR TO FINSIHED CEILING: A min. of 9’-0” TYPICAL BAY DEPTH: 45’0” x 30’-0” LIFE SAFETY SYSTEMS: Complete fire alarm system complying with all NFPA requirements including life safety emergency lighting, exit signs, annunciators, smoke detectors, etc. related to the building core areas. All heated areas of the building will have a “wet-pipe” sprinkler system. The parking deck will have a dry-pipe sprinkler system. PLUMBING: Complete water and waste distribution system. Roof drains and overflow scuppers will provide roof drainage. Floor drains are included in each restroom. Each floor includes hot water at the lavatory. Multiple sanitary, vent, and cold water taps are provided for connection to future tenant plumbing systems. MECHANICAL: Direct Digital Control (DDC) Energy Management System (EMS) controlled mechanical system. System is water cooled with a two (2) single cell cooling towers, located on the roof, feeding self-contained air conditioning units on each floor. Interior VAV units are connected to medium-pressure duct. A medium pressure duct main is installed for connection to future tenant terminal units. All terminal units, low pressure ductwork, and air distribution devices shall by installed as part of the tenant improvements. Exterior building zones shall be conditioned with PIU units with electric heat. Interior zones shall be conditioned with cooling only VAV units. The core zones are conditioned with constant volume PIU units with heat. Exhaust/Ventilation is provided at the core restrooms and base building equipment rooms. The HVAC equipment is designed to maintain the following indoor conditions to plus or minus 2 degrees Fahrenheit, based upon South Carolina’s Energy Code and the local conditions specified in the 2017 edition of ASHRAE HANDBOOK OF FUNDAMENTALS. ELECTRICAL: The main electrical power will be provided by the local utility company via pad-mounted transformers. A 277/480 volt, 3 phase, 4 wire switchboard will be located in the main electrical room located on the mezzanine level. Other items included in the electrical design are an emergency generator sized for base building emergency loads such as fire alarm egress lighting, fire/service elevators and fire pump, a complete building fire alarm system, lightning protection system, conduit and sleeves to accommodate the installation of telecommunication cabling. Recessed LED down lights are provided in bathrooms with lensed fixtures over each vanity. Wall mounted LED fixtures are mounted in stairwells. Lobbies will have a combination of wall and ceiling, indirect and down lighting. Emergency and exit lights will be provided as required by code. LED strip lighting will be provided in all storage areas and equipment rooms. FLOOR FINISH: Main lobby floor is polished tile with tile base. Ceramic tile is used throughout toilet room floors. The core elevator lobbies and tenant corridors are polished concrete with a wood base. WALL FINISH: Main lobby walls are finished with paint, stucco, and woven metal. All restroom walls will have full height ceramic tile on the wet walls. Remaining walls will have paint and / or wall covering. The Tenant corridor walls will have paint. CEILINGS: Main lobby will be two-story with articulated wood ceilings and full height glass looking to the water. Restrooms will have gypsum board ceilings and will have wood ceiling/soffits with accent lighting. The Tenant corridors will have a 2x2 acoustical drop ceiling. Acoustical tile are 2’-0” x 2’-0” Armstrong Optima with grid by Armstrong (or comparable). The ceiling grid, tiles, and light fixtures are stacked on the floor for installation by tenant as a part of the tenant improvement cost. BLINDS: 1" horizontal mini-blinds will be provided on all exterior windows
Zoning Description: UP - The Upper Peninsula, UP District is intended to accommodate a mixture of dense residential and commercial and uses and taller buildings in the upper portion of the peninsula through the use of incentives designed to promote ecology, mobility, energy efficiency, diverse housing and privately maintained outdoor spaces accessible to the public.
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,804 55,983 133,551
Median Age: 31.71 33.12 36.45
Households: 5,863 23,400 55,658
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