Weston, Inc. and Blue Vista expand South Carolina portfolio with purchase of three industrial buildings in Lugoff, SC

January 9, 2025

Weston, Inc. and an affiliate of Blue Vista Capital Management, LLC have acquired three industrial buildings totaling 909,161 square feet in Lugoff, South Carolina.

235 Standard Warehouse Road is a 516,121-square-foot industrial building with 27 dock-high doors and 1,200 amps of power and a roof replacement was recently completed. 218 and 240 Evans Road are identical 196,524-square-foot warehouses featuring 15 dock-high doors and T-8 LED lighting. All three buildings have the potential for rail access via the CSX main line.

“The timing of acquiring these buildings could not be better with Scout Motors’ $2 billion manufacturing plant in Blythewood currently under construction,” said Eileen McConville, Asset Manager for Weston, Inc. “The Lugoff properties are located less than 30 minutes from Scout Motors’ future facility, and we are eager to see the growth in this central South Carolina region in the next few years as Scout begins operations.”

The properties are now part of Weston’s growing Southeast Industrial Properties portfolio which consists of 60 tenants and 44 properties totaling over 7.5 million square feet.

For more information on the properties and Weston’s Southeast Industrial Properties portfolio, please visit www.southeastindustrialproperties.com.

“The central South Carolina region closed the year with a 5.27% vacancy rate for Class B industrial properties. These three buildings represent 80% of available space in the Lugoff submarket, just 20 minutes from downtown Columbia. 235 Standard Warehouse is one of two properties in central South Carolina that can offer over 500,000 square feet of contiguous space,” said Chuck Salley, SIOR, Managing Director | Industrial Services for Colliers | South Carolina. “With the potential to re-install rail at these three facilities, it represents a unique opportunity for third-party logistics and other industrial users.”

Colliers’ industrial brokerage team of Chuck Salley, SIOR, Thomas Beard, SIOR and John Peebles, SIOR represented Weston in the transaction and will continue to represent Weston for the leasing and marketing of the properties.

Grant Butler of Colliers’ Real Estate Management Services (REMS) team will provide property management services. LCK, Colliers’ project management partner, will serve as the project executive for management of capital improvements.

 

About Colliers

Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina, with 66 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 are the largest manager of commercial real estate properties in South Carolina with a portfolio of over 25 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 which currently exceed $1.1 billion in project value.

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our 22,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. With annual revenues of $4.4 billion and $96 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.