Colliers represents High Bay Distribution B LLC in leasing 127,232 square feet of Portside Distribution Center Building B to FNSMay 16, 2023
Colliers | South Carolina brokers Mark Erickson, SIOR and Jarred Watts represented High Bay Distribution B, LLC in the lease of ±127,232 square feet at Portside Distribution Center Building B to FNS, a global logistics and transportation services company.
Portside Distribution Center is High Bay Distribution’s newly constructed, Class A development on Portside Park Drive in the Summerville submarket. Building B consists of ±203,970 square feet of tilt-up warehousing and distribution space along I-26 making it a highly sought-after property for a variety of users.
Since its inception in 1995, FNS has been providing total logistics services to diverse industries including electronics, machinery, chemicals, oil refining and construction; and has since evolved into a fully integrated logistics solutions provider serving over 2,800 companies worldwide. FNS, Inc. is one of the largest 3PLs (third-party logistics providers) in North America. Its 40 offices, warehouses and logistic hubs in multiple countries allow FNS to integrate global supply chain visibility and connectivity while delivering cutting-edge logistics solutions specifically catered to meet clients’ needs and demands.
“The recent addition of the Hugh Leatherman Terminal and the completion of the 10-year dredging contract make the Port of Charleston the deepest port on the East Coast. This has increased developer interest to a level we have never seen in our lifetime,” said Erickson, Vice President with Colliers | South Carolina. “After seeing the market demand for Portside Building A, we knew Building B would have no trouble leasing up before delivery. Portside has many logistical advantages including its location in the Charleston distribution corridor, dual access to I-26 and its proximity to the port.”
“We advised the owners to persevere through the pandemic and continue with construction. Despite the challenges, it was a wise decision, as both Portside A and B were fully leased before delivery or obtaining a certificate of occupancy,” said Watts, emphasizing the success of the project.
Mark Erickson has led the industrial brokerage team in Colliers’ Charleston office since 2019. He is a member of the Colliers Logistics and Transportation Solutions Group (North America) and has been a member of the Society of Industrial and Office REALTORS® (SIOR) since 2016. Jarred Watts joined the team in 2022 and has been an instrumental addition in handling the day-to-day details of managing data and research information.
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 62 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers 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 18 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.
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