Colliers represents High Bay Distribution in sale of Portside Distribution Center

Colliers | South Carolina is providing brokerage and property management services under new ownership, MSG Portside LLC

Colliers | South Carolina brokers Mark Erickson, SIOR, Matt Pickard and Adam Baker represented High Bay Distribution in the sale of Portside Distribution Center, a ±189,418-square-foot warehouse in the Summerville market, to MSG Portside LLC.

MSG Portside LLC has retained Colliers | South Carolina for brokerage services and awarded the property management to Colliers’ Real Estate Management Services (REMS) team, lead by Mike Benedetti.

“Our new partnership with MSG Portside demonstrates the value we offer our clients through collaboration,” said Benedetti, Director of REMS in Colliers’ Charleston office. “The seamless integration of Colliers’ property management with brokerage services across our statewide platform allows us to better serve our clients. We look forward to maximizing the potential of this property for its owner and future tenants.”

Portside Distribution Center is a newly constructed, Class A speculative building off of Portside Park Drive. It consists of ±189,418 square feet of tilt-up warehousing and distribution space that is currently available for lease.

“This property is ideally positioned in the center of all the industrial growth happening in the Jedburg and Summerville submarket,” said Erickson, Vice President with Colliers | South Carolina. “The building’s location and access to I-26 makes the property well-suited for any logistics, warehousing or distribution group looking to expand into the Charleston market and take advantage of the aggressive growth and capital improvements at the Port of Charleston. By purchasing an existing building, MSG Portside was able to quickly enter the Charleston market as a landlord and begin leasing immediately.”

Erickson, Pickard and Baker are members of the Colliers industrial brokerage team, specializing in the representation of owners, buyers and tenants in purchasing and leasing industrial space.

For more information, please visit portsidedistribution.com.

About Colliers

Colliers | South Carolina has over 150 staff members, including 62 licensed real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. Total 2020 brokerage volume exceeded $533 million, which included over 456 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 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 16 million square feet of office, industrial, retail and healthcare properties. Colliers | South Carolina’s staff hold 49 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 (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.