Colliers International’s industrial brokerage team to handle marketing and leasing for the project
Columbia Metropolitan Airport (CAE) and Magnus Development Partners announce 803 Industrial Park, a new speculative industrial development adjacent to CAE. The park will consist of nearly one million square feet total and Magnus Development will break ground on Building One, a 204,120-square-foot building, in early 2021.
803 Industrial Park is unique from competing properties in its multimodal capabilities; the park is adjacent to CAE, the UPS regional air hub, the UPS ground hub, FedEx Freight and a Norfolk Southern transload rail terminal. Additionally, the site is 1 mile from I-26 with easy access to surrounding markets via I-77, I-20 and I-95 and within two hours of the Port of Charleston.
“803 Industrial Park is the Columbia market’s most versatile industrial development,” said Kevin Werner of Magnus Development. “We are excited about our flourishing partnership with CAE and look forward to the economic impact this development will bring to the central South Carolina region, resulting in new businesses and job creation.”
“Without a doubt, this partnership will capitalize on the expansive, underdeveloped land in and around the Columbia Metropolitan Airport,” said Columbia Metropolitan Airport (CAE) Executive Director, Mike Gula. “With the experience and industry knowhow that both Magnus Development Partners and Colliers International bring to the table, the economic possibilities and regional benefits are endless.”
Building One will feature a 130-foot deep truck court, up to 57 dock-high doors, 72 trailer drop spaces, 50-foot by 54-foot bays, 32-foot clear heights, ESFR fire protection and LED lighting. The building will be subdividable for users needing as little as 34,020 square feet of space.
Colliers International | South Carolina’s industrial brokerage team of Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard and John Peebles have been hired for the leasing of the development. The team is the leading industrial brokerage team in central South Carolina, specializing in leasing, user sales and investment sales of industrial properties.
Colliers’ marketing team of Liz McCary, Elizabeth Riley, Sarah Davis and Gibson Westfall provided branding, marketing, advertising and website development services for the project in collaboration with CAE’s marketing team. To view the property website, which includes a state-of-the-art property video with 3D motion renderings, property information and interactive mapping, visit: www.803industrialpark.com.
“There is truly nothing like this development available in the market,” said Salley, Vice President and Director of Industrial Brokerage in Colliers’s Columbia office. “The benefits this site will bring to a user are unique in its many transportation and logistics capabilities. We look forward to working with Magnus and CAE to find users from around the globe who will benefit from the development’s unique access to markets.”
About the Columbia Metropolitan Airport: (Until further notice, flight schedules subject to change and adjust due to COVID-19). Now providing nonstop service to nine major airports in eight cities including Atlanta, Charlotte, Chicago, Dallas/Fort Worth, Miami, New York City (LGA), Philadelphia and Washington, D.C. (Dulles and Reagan National). Columbia Metropolitan Airport (CAE) continues to be a major economic driver for the Midlands region. Welcoming over 1.3 million passengers in 2019, CAE is served by American Airlines, Delta Air Lines and United Airlines and is a regional cargo hub for UPS and is also served by FedEx. For more information, please visit www.flycae.com.
About Magnus Development Partners: Magnus is a privately held, South Carolina-based real estate developer focused on delivering single tenant build-to-suits, spec industrial buildings and corporate advisory services throughout the Southeastern United States. With over 50 years’ experience in commercial real estate, Magnus founders have developed properties for some of the nation’s most recognizable companies including Home Depot, Iron Mountain, Starbucks, Domino’s Service Centers, Tractor Supply, Husqvarna and others.
About Colliers International
Colliers International | South Carolina has over 150 staff members, including 65 licensed real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. Total 2019 brokerage volume exceeded $419 million, which included over 452 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 International 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 nearly 15.5 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff hold 44 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 International (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.