COLUMBIA/CHARLESTON, SC – Colliers | South Carolina’s Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard and John Peebles represented Reger Holdings LLC in the disposition of a 361,526-square-foot industrial building at 2500 Rowesville Road in Orangeburg, SC. 1200 Jersey Avenue LLC purchased the building for $12,750,000.
Since Reger acquired the property in May 2020, LCK’s Dale Stigamier, CCIM and Don Record have served as project manager to make improvements to the property, including door repairs and concrete rail loading dock removal and replacement. LCK is Colliers | South Carolina’s project management affiliate.
Reger Holdings LLC is headquartered in Western New York and focuses on commercial and industrial value-add real estate investments and quality residential and mixed use development. In 2020, Reger sold a 37-property industrial portfolio in South Carolina to Weston, Inc., which was the the largest single commercial real estate transaction within South Carolina in at least ten years, according to Costar.
Salley, Mathews, Beard and Peebles are the leading industrial brokerage team in central South Carolina, specializing in leasing, user sales and investment sales of industrial properties. Their multifaceted platform gives them a unique insight into market conditions for all types of industrial properties.
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. 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 17 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.