Colliers | South Carolina’s industrial brokerage team of Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard and John Peebles represented Judy-Sunbelt Properties, LLC in the sale of three industrial warehouse buildings totaling 136,000 square feet on Sunbelt Court in Columbia, SC. NV, LLC purchased the buildings for $7,250,000.
At the time of the sale, the portfolio was 96% leased with an average tenant occupancy term of 13 years. The tenants include TopBuild, Campbell Soup Company, Continental Carbonic Products Inc., Pilkington Inc., Sunrun, Distribution International, Loomis, SCP Distributors and Carolina Wholesale Floors.
“This portfolio has demonstrated great tenant loyalty over the past two decades ,” said Salley, Vice President and Director of Industrial Brokerage in Colliers’ Columbia office. “Most tenants had a history of multiple renewals and the buildings are in an excellent location right off of I-20 and equidistant to the Columbia MSA’s major housing markets and suburban communities. These are attractive qualities for industrial investors.”
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. 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.