Colliers International represents Ethan Allen in leasing new distribution center in Summerville
February 5, 2020
New distribution center in Summerville will supply stores across the Southeast.
Colliers International’s Mark Erickson, SIOR and Matt Pickard have assisted Ethan Allen in leasing space at Summerville Distribution Center which will supply furniture to their five stores in South Carolina and support the growth of the furniture supplier in the Southeast.
“In the Charleston market, finding 10,000 to 35,000 square feet of available warehouse space can be very challenging,” said Mark Erickson, Vice President of Colliers International | South Carolina in the Charleston office. “There is a shortage of inventory like the product offered at the Summerville Distribution Center. Metal buildings with lower ceiling heights can be a significant cost savings compared to new tilt-up concrete construction buildings. Why pay for all the bells and whistles when you don’t have to?”
Erickson and Pickard took on the challenge of finding the right building for Ethan Allen at the right price. They toured the site during the early construction phase and considered the economics of metal construction compared to tilt up construction. They made an early offer and were able to secure a “first in” rental rate for their client.
No plans have been released yet for future Ethan Allen locations in the Charleston region, but the new distribution center will supply stores within a 150-mile radius. Erickson and Pickard will continue to provide tenant representation services for the furniture store as it seeks any future locations in the Charleston market.
Erickson and Pickard are members of the Colliers industrial brokerage team, specializing in the representation of owners, buyers and tenants in purchasing and leasing industrial space in the Charleston market and along the coast of South Carolina.
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 over 8 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 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 global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
