CBRE arranges sale of 34 acres in the Shop Grove Commerce Park
November 9, 2015
COLUMBIA, SC – CBRE is pleased to announce the recent sale of 34 acres at Shop Grove Road in Columbia, South Carolina. The development site is part of the Shop Grove Commerce Park and sold for $1,125,000. The remaining 50 acres available in the industrial park are some of the last remaining land development opportunities that are entitled for industrial use in the City of Columbia.
TMC Transportation, an employee owned logistics company headquartered in Des Moines, Iowa, purchased the property to accommodate the future growth of their Midlands’ operations. TMC Transportation currently has two other locations in Lexington County.
“The Midlands, especially areas proximate to Interstates 26 and 77, is attracting businesses with strong logistics connections,” said CBRE Vice President Ben Brantley, SIOR. “The transaction echoes the confidence in the long term growth trajectory for the industrial corridor that connects the port of Charleston to markets across the Southeast.”
CBRE’s industrial professional Brantley represented the seller, LDE,LLC.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
