Monday's headlines from the Charleston Regional Business Journal

Investors to develop Pepsi property on Upper Peninsula

Real estate investment firm White Point Partners has acquired a 5.6-acre parcel on the Upper Peninsula, intended to be the second phase of a 10-acre campus it plans for the area. The site was purchased from Pepsi for $8 million on a short-term sale-leaseback basis, which will allow Pepsi to continue operating the distribution plant site until it relocates.

Hot Properties

Hagood Morrison of Bridge Commercial represented the tenant, Universal Logistics, in the lease of industrial space at 537 Omni Industrial Blvd. Peter Fennelly, Simons Johnson and Tim Raber of Bridge Commercial represented the landlord.

Citibot

Citibot, a text messaging and chatbot software for local governments, has been balancing its civic duty to help municipalities communicate with their residents while finding ways to navigate the current crisis as a startup.

El Jefe Texican Cantina

The King Street restaurant has been able to keep kitchen staff on the payroll while becoming a conduit between people who want to help and health care professionals — one box of food at a time and with a lot of help from the restaurant’s landlord.

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