Colliers International adds new tenant, Pilot Freight Services, to Carolina Industrial Properties portfolio
September 27, 2017
Global transportation and logistics company leases space at Timmonsville facility to service GE Healthcare as a result of the recent expansion announcement.
GE Healthcare’s announcement in March 2017 that it was expanding its existing magnet resonance imaging (MRI) components production operations in Florence County in South Carolina with a $40 million investment has already had a ripple effect across South Carolina. Now Pilot Freight Services, a full-service global transportation and logistics company, has signed a lease at 100 Perfection Way in Timmonsville, SC, right outside of Florence, to service GE Healthcare as a result of the expansion.
The lease is another victory for the landlord, Reger Holdings, LLC, and Carolina Industrial Properties, a portfolio of well-located vacant buildings across the state of South Carolina renovated by Reger Holdings to meet the needs of modern manufacturing in a cost efficient and flexible manner. Colliers International’s Chuck Salley, SIOR, Dave Mathews, SIOR and Thomas Beard are Reger Holdings’ brokerage team for the 6 million-square-foot portfolio, assisting the investment company in selecting sites to add to the portfolio and identifying high-quality tenants for each space. They represented Reger in the lease to Pilot Freight Services, which claimed 73,720 square feet of the building’s 180,000-square-foot total.
“Pilot Freight Services needed a quality location in proximity to GE Healthcare’s existing and expanding operations, and 100 Perfection Way provided the perfect opportunity for them to hit the ground running after the big announcement,” said Salley. “It’s another sign of the success of the Carolina Industrial Properties portfolio, proving Gordon Reger right in predicting South Carolina’s manufacturing renaissance and the demand for quality space with an owner who deeply respects and understands their tenants’ needs.”
Salley, Mathews and Beard are the leading industrial brokerage team in central South Carolina, specializing in leasing, user sales and investment sales of industrial properties. Their multi-faceted platform gives them a unique insight into market conditions for all types of industrial properties.
About Colliers International
Colliers International | South Carolina has over 150 staff members, including 64 real estate professionals. Total brokerage volume for the firm in 2016 was approximately $634 million involving over 659 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 at year-end 2016 of approximately 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 53 professional designations, the most of any firm in South Carolina.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 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 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.
