Craig Waites of Colliers | South Carolina brokered the sale of a 37.4-acre tract of land at the intersection of Interstate 20 and Spears Creek Church Road in northeast Columbia, SC. Colliers represented the seller, Spears Creek Quadrant Partners.
The property was sold to Spears Creek Towns for development into a 300-townhome residential facility. The buyer will partner with Colliers to re-sell approximately three acres of the original parcel for retail development. The three available acres are located right off Spears Creek Church Road with excellent visibility and access for any convenience store, fast food restaurant, hotel, car dealership or storage facility.
The site on Spears Creek Church Road is conveniently located in northeast Columbia, one of the fastest-growing residential and commercial submarkets in the Columbia MSA. The property is located directly adjacent to Fort Jackson which sees 44,000 trainees and approximately 15,500 stationed personnel annually. Plans have been approved and funded for widening Spears Creek Church Road from two to five lanes of traffic to accommodate the area’s rapid growth.
Waites is a Managing Director at Colliers specializing in land brokerage, planning and the entitlement process to enhance value for landowners. He also has experience in the handling of extensive zoning efforts, permitting, consultation and predevelopment issues associated with area municipalities and the South Carolina Department of Transportation.
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 62 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. 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 20 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn