Collett Industrial breaks ground on 210,600-square-foot speculative industrial development in Carolina Pines Industrial Park

Colliers | South Carolina’s industrial brokerage team handling leasing and marketing

Collett Industrial announces that it has broken ground on a 210,600-square-foot speculative industrial building in the Carolina Pines Industrial Park in Blythewood, SC.

Colliers | South Carolina’s industrial brokerage team of Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard, SIOR and John Peebles has been hired by Collett for brokerage and marketing services to bring distribution or manufacturing users to the park.

The Class A building is currently scheduled to be completed in the fourth quarter of 2022 and will feature 32-foot clear heights, 46 dock-high doors, up to 60 trailer parking spaces, an ESFR fire suppression system, LED lighting and an expansion capability of approximately 117,000 square feet. This modern facility can accommodate tenants requiring up to approximately 327,600 square feet.

Collett Industrial has assembled a first-class team for the development with Matthews Construction serving as the site contractor, Vannoy Construction as the building contractor, MCA Architecture as the architect and Thomas & Hutton as the civil engineer.

“The Columbia industrial market is currently experiencing unprecedented demand for Class A industrial product coupled with limited supply, particularly in the Northeast Columbia submarket,” said Salley, Managing Director | Industrial Services in Colliers’ Columbia office. “We fully expect the market to respond well to Collett’s high-caliber industrial product.”

The Carolina Pines Industrial Park is home to Belk Distribution Center, Intertape Polymer Group, Husqvarna Outdoor Products, Patterson Logistics Services, Amcor Rigid Plastics and more.

The Carolina Pines building is Collett Industrial’s first development in Columbia. Additionally, the development company is currently constructing two buildings totaling 519,500 square feet of speculative industrial space at Willimon Business Park in Greenville with leasing and marketing services provided by Colliers’ Greenville-Spartanburg industrial brokerage team.

“Columbia has been a priority market for us given its central location, excellent transportation infrastructure and strong labor force,” said Teddy Hull, Principal and Co-Founder at Collett Industrial. “We’re looking forward to working with Colliers and the Richland County Economic Development Office as we market the new space to potential users.”

“It’s exciting to see Collett Industrial making this kind of investment in Richland County,” said Overture Walker, Richland County Council chair. “With this development in the Carolina Pines Industrial Park, Collett is testifying to the fact that others see our community as a valuable location for manufacturers and distributors and that our workforce is capable of sustaining businesses in those fields.”

Humphreys Capital, a real estate investment firm based in Oklahoma City, is partnering with Collett on its investment at Carolina Pines. This represents the first investment Humphreys has made in this emerging area of South Carolina’s burgeoning industrial corridor and its third investment in the state overall.

“This partnership is years in the making and we are thrilled to invest alongside Teddy and the rest of the Collett team,” said Justin Lewellen, Director of Investments at Humphreys Capital. “The prolonged deficit of Class A product throughout the highly active corridor at Carolina Pines presented a compelling opportunity to reenter South Carolina, and Richland County’s commitment to conveying the strategic value of its location was a critical component in making our decision.”

Headquartered in Charlotte, NC, Collett Industrial is a development and acquisition platform focused on industrial properties in the southeastern U.S. Collett Industrial is a subsidiary of Collett, a full-service commercial real estate firm with expertise in development, property management, leasing, brokerage and tenant representation. Collett Industrial’s portfolio consists of nearly two and a half million square feet of completed or planned industrial space, focused on distribution, manufacturing and e-commerce-related facilities.

Headquartered in Oklahoma City, OK, Humphreys Capital is a real estate investment company serving as a strategic equity partner for best-in-class developers in high-growth markets across the United States. The firm also acquires, develops and operates income-producing, multi-sector properties including industrial, multifamily, office and retail. Its multigenerational team provides seasoned expertise and exposure to diversified commercial real estate for accredited and institutional investors. Since its inception, Humphreys has raised four funds across its investment platform, whose gross assets under management are now in excess of $1.2 billion.

Salley, Mathews, Beard and Peebles are the leading industrial brokerage team in central South Carolina, specializing in leasing, user sales and investment sales of industrial properties. Their multifaceted platform gives them a unique insight into market conditions for all types of industrial properties.

 

 

About Colliers

Colliers | South Carolina has over 140 staff members, including 62 licensed real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. Total 2021 brokerage volume exceeded $1 billion, which included over 590 sales and leasing transactions. In addition to traditional commercial real estate representation services for our clients, the company is actively engaged in Corporate Solutions and Healthcare Services. Colliers is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina, with a portfolio of over 17 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold 54 professional designations, the most of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina and set a new record by managing a portfolio of projects approaching $1 billion in volume during 2021.

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn