Magnus Development gears up to break ground on next speculative development
Colliers International | South Carolina’s Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard and John Peebles represented Magnus Development in the 150,000-square-foot lease for TreeHouse Foods at Midway Logistics IV, 828 Bistline Drive, West Columbia in Lexington County Industrial Park.
TreeHouse Foods needed a food-grade distribution facility to increase the supply chain output for their current pasta plant at 2000 American Italian Way in Columbia. Their need was urgent, and Magnus Development was able to respond with incredible speed and creativity to accomplish the timeline required to occupy this state-of-art food grade fulfillment center.
Treehouse is a leading manufacturer and distributor of private label packaged foods and beverages, offering natural and organic products. Treehouse operates a network of 40 production facilities throughout North America and Italy.
The lease brings the 200,000-square-foot speculative industrial development to full occupancy as Magnus Development pushes forward with a new speculative project in the queue for immediate construction.
“We are proud to deliver continued success for our clients at Magnus and to add TreeHouse Foods to a long list of regional and national companies doing business in the Lexington County Industrial Park, said Salley, Vice President & Director of Industrial Brokerage Team for Colliers’ office in Columbia. “The Columbia region is poised to support new developments coming out of the ground as the availability rate for industrial properties continues to shrink and tenant velocity increases.”
Magnus already has plans for their next development in the Lexington County Industrial Park, named Midway Logistics VI. This 192,780-square-foot Class A warehouse features a 32-foot clear height, high-capacity loading and enhanced trailer parking. “The building’s smart, energy-efficient design may be the most attractive Midway facility that Magnus has constructed thus far!” continued Salley.
Magnus Development Partners is a privately held, South Carolina-based real estate developer focused on delivering single tenant build-to-suits, spec industrial buildings and corporate advisory services throughout the Southeastern United States. With over 50 years’ experience in commercial real estate, Magnus founders have developed properties for some of the nation’s most recognizable companies including Home Depot, Iron Mountain, Starbucks, Domino’s Service Centers, Tractor Supply, Husqvarna and others.
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 International
Colliers International | South Carolina has over 150 staff members, including 65 licensed real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. Total 2019 brokerage volume exceeded $419 million, which included over 452 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 International 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 nearly 15.5 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff hold 44 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.
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.