Colliers International brings speculative industrial building to 100% occupancy for Magnus Development Partners
October 23, 2018
Class A industrial space developed by Magnus Development Partners in West Columbia brought to full occupancy before construction is completed.
Colliers International’s Chuck Salley, SIOR, Dave Mathews, SIOR and Thomas Beard represented the landlord, Magnus Development Partners, in the leasing of 170,000 square feet of warehouse space at Midway Logistics III to Garden State Lumber and 30,000 square feet to Scholastic Book Fairs.
“The Midway Logistics III building is Magnus Development Partners’ newest Class A building in the Columbia market and was 100% leased before construction was completed,” said Kevin Werner, Founding Partner of Magnus Development Partners. “The success of this building will allow us to focus on delivering the next speculative building within the park. This building currently under design will also be a 200,000-square-foot Class A tilt-up facility located adjacent to Midway Logistics III.”
Midway Logistics III is a 200,000-square-foot industrial building located at 810 Bistline Drive in the Lexington County Industrial Park in West Columbia, SC. The site is a prime distribution location, easily accessible off Highway 321 and less than a mile from Columbia’s network of interstates, connecting it to the Southeast and beyond.
“It was a pleasure to represent Magnus Development Partners in the deal and with their latest speculative development” said Chuck Salley, Vice President and Director of the Industrial Brokerage Team with Colliers International | South Carolina. “Demand for Class A industrial space remains high in the Midlands, as evidenced by this building attaining full occupancy prior to its scheduled delivery date. This deal is an indication that the local industrial market is seeking Class A space for future growth as they continue to expand in the Midlands.”
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 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 140 staff members, including 60 real estate professionals. Total brokerage volume in excess of $750 million for 2017, involving over 900 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 2017 of approximately 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 46 professional designations, the most of any firm in South Carolina. Colliers | South Carolina’s affiliate, LCK, provides project and construction management services for new facilities and renovations across South Carolina.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn
