Colliers International’s industrial/flex brokerage team members Richard Barrett, MCR and Brannan Hudson, CCIM represented MTB Properties, LLC in the lease of ±10,400 square feet at 535 Brookshire Road in Greer, South Carolina to Mungo Homes, Inc.
“We are very pleased with how quickly Brannan and Richard were able to fill this vacancy and also help a current tenant expand in his building,” said David Burnside of MTB Properties, LLC, “We are looking forward to seeing Mungo Homes’ continued success going forward.”
Mungo Homes, Inc builds new homes throughout South Carolina, North Carolina and Georgia. The company opened in 1954 in Columbia, SC and has been building homes ever since. Mungo’s expansion is great news for the Greenville-Spartanburg region, also known as the Upstate, especially during the COVID-19 pandemic.
According to Mungo, over the last few months, residential housing has skyrocketed due to the increase in time spent at home and people wanting to upgrade their current housing situation. This, combined with low interest rates, has led to a high demand for new houses this summer. Companies like Mungo are extremely busy keeping up with this demand. In addition, construction of residential properties in the Upstate continues to rise with the increase in people moving to the area.
“Colliers is thrilled that Mungo Homes has decided to expand their current facility at 535 Brookshire Road. We have enjoyed working with them to determine the best solution for their growth needs,” says Hudson, Brokerage Associate of Colliers International. “MTB Properties has enjoyed having them as a tenant the last few years and is looking forward to the next 5 years and beyond.”
Barrett and Hudson are brokerage professionals with Colliers International | South Carolina who specialize in flex/industrial landlord and tenant representation throughout the Greenville-Spartanburg market.
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.