Colliers Keenan Brokes Sale in Corporate Disposition of Charleston Industrial Site

November 12, 2008

CHARLESTON, SC – November 11, 2008 – Colliers Keenan agents Peter Fennelly SIOR, MCR, Simons Johnson, CCIM and Daniel Pellegrino represented Exeter Property Group in the purchase of a 15.75-acre industrial site located at 2440 Clements Ferry Road near Interstates I-526 and I-26 in Charleston.  The transaction was the result of a corporate disposition of the property by Masisa USA, Inc., a leading supplier of value-added wood products for the building industry.  Featuring a 203,233-square-foot, Class A industrial building, including 6,564 square feet of existing office space, the site is secured with a guard house and a fenced perimeter.  Fennelly, Johnson and Pellegrino have also been retained by Exeter Property Group to handle exclusively the leasing of the property.

Exeter Property Group is a real estate private equity firm that acquires, develops and manages industrial properties in the eastern United States.  Founded in 2006, Exeter has been chartered to execute acquisitions and development and implement value-add strategies on approximately $1.5 billion in real estate on behalf of some of the most prestigious institutional investors in the U.S., Europe and Asia.

Colliers Keenan is South Carolina’s largest commercial brokerage and third-party property management firm, and the only commercial real estate company with offices in Charleston, Columbia and Greenville. More than sixty Colliers Keenan professionals are engaged in sales, leasing, property management, consulting and corporate real estate services. Colliers Keenan also provides construction management through its affiliate, LCK Construction Services. Colliers Keenan is an owner/member of Colliers International, one of the largest global real estate service organizations, with more than 11,000 employees in 293 offices in 61 countries. Through this strategic alliance, Colliers provides expert local real estate services across the world.