Colliers International adds 285,000 square foot building to Carolina Industrial Properties portfolio
July 11, 2016
Manufacturing and distribution building to be renovated
Colliers International’s Chuck Salley, SIOR, Dave Mathews, SIOR and Sam Myers represented the buyer, Reger Holdings, LLC in the purchase of 10700 Farrow Road. The 285,000 square foot industrial building will be added to Reger Holdings’ Carolina Industrial Properties portfolio, and Colliers South Carolina has also been awarded the leasing and property management for the property.
Reger Holdings plans to renovate the building to make it more compatible for modern, advanced manufacturing and distribution. With unique features like an on-site sub-station, 17 bridge cranes and a Norfolk Southern Rail spur, the property is already well-positioned for a future tenant. Initially built for KitchenAid in the 1970s, the property has also housed several large manufacturing companies like Little Tykes Co., Winchester Arms, Continental Diesel and Pure Power Technologies.
Carolina Industrial Properties (www.
Reger Holdings, LLC (www.regerholdings.com) is headquartered in Western New York and focuses on commercial and industrial value add real estate investments and quality residential and mixed use development. The company and affiliates currently own approximately 7 million square feet of industrial and commercial space in Western New York, South Carolina, and New England. Reger Holdings and affiliates have also developed several residential and mixed-use projects throughout the country including significant mixed-use developments in the Boston market and currently ongoing luxury residential condominium developments under construction and in pre-development phases in Maine.
Salley, Mathews and Myers are the leading industrial brokerage team in central South Carolina, specializing in the leasing and sale of warehouse and industrial facilities.
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
Colliers International | South Carolina has over 160 staff members, including 60 real estate professionals. Total brokerage volume for the firm in 2015 was approximately $574.75 million involving over 767 sales and leasing transactions. Colliers International is the largest manager of commercial property in South Carolina and is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM), with a portfolio of approximately 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 56 professional designations, the most of any firm in South Carolina
