Colliers International brokers $1.4 million sale of Charleston industrial warehouse
December 9, 2015
Colliers International’s Peter Fennelly, MCR, SIOR, SLCR, Simons Johnson, MCR, SIOR, CCIM and Mike Palmer represented the purchaser, Xiphias Holdings, LLC, in the investment sale of an industrial warehouse at 1871 King Street Extension in Charleston, SC. The 18,570 square-foot warehouse was purchased for $1.4 million.
This sale is one example of a trend of investment sales of industrial properties in Charleston and the Lowcountry. Foreign and domestic firms have expressed great interest in the Charleston industrial market as the Port of Charleston and rail service are making the city a desirable location for manufacturers and distributors seeking to improve logistics and operational efficiencies.
Fennelly is the Market President of Colliers International in Charleston and has brought a number of office and industrial developers to the area. Johnson, a Principal of Colliers International in Charleston, and Palmer, a Brokerage Associate, specialize in corporate tenant representation.
About Colliers International
Colliers International is a global leader in commercial real estate services, with over 16,300 professionals operating out of more than 502 offices in 67 countries. A subsidiary of FirstServiceCorporation, Colliers International delivers a full range of services to real estate occupiers, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals’ Global Outsourcing 100 for 10 consecutive years, more than any other real estate services firm.
