Magnus Development completes 210,600-square-foot speculative industrial building near Scout Motors
July 17, 2024
Magnus Development Partners announced its latest speculative construction project in Central South Carolina, Access 77, is complete. The 210,600-square-foot speculative industrial facility—aptly named for its proximity to Interstate 77—is adjacent to the Scout Motors facility currently under construction in Richland County. The new state-of-the-art building is located in the 340-acre, county-owned Northpoint Industrial Park, which is also home to Coca-Cola, Constantia, Koyo, and Spirax Sarco, among others.
The state-of-the-art, tilt-up building’s flexible design allows for single- or multi-tenant configurations and can serve a wide range of industrial tenants. The building’s features include a 32-foot minimum clear height, 54’ x 50’ of bay spacing with a 60-foot speed bay, a 130-foot-deep truck court, motion-detected LED lighting, trailer parking, 13 dock doors (9’x10’), expandable to 48 dock doors, with dock equipment, and two drive-in doors (12’x14’).
“We continue to see strong demand for industrial space in the Midlands market and economic drivers like the Scout Motors development continue to fuel this demand,” said Magnus Development Partners Bill Owen. “Magnus remains committed to providing Class ‘A’, state-of- the-art industrial buildings to address the ongoing needs of the market.”
“Tenant interest is emerging as a result of the under-construction Scout Motors plant in Richland County,” said Chuck Salley, SIOR, Managing Director at Colliers. “With a vacancy rate just over 3% in the central South Carolina region, which is significantly lower than other markets across the state, we expect demand for industrial space in the Columbia MSA to continue to support speculative developments as the region’s electric vehicle industry grows.”
For more information on leasing opportunities, please contact Chuck Salley, SIOR, Thomas Beard, SIOR, and John Peebles, SIOR, of Colliers’ industrial brokerage team in Columbia at 803.254.2300.
About Magnus Development Partners
Magnus Development Partners is a privately held, South Carolina-based real estate developer specializing in the development of Class ‘A’ spec industrial facilities, single-tenant build-to-suits, acquisitions, and advisory services throughout the Southeastern United States and beyond. With more than 50 years of experience in commercial real estate, Magnus’s founding partners have developed properties for some of the nation’s most recognizable companies, including CED Greentech, Domino’s Pizza (Freezer/Refrigeration), Home Depot, Husqvarna, Scholastic Book Fairs, Starbucks, and Tractor Supply, and many others. These projects represented hundreds of millions of dollars in investment and the creation of thousands of new jobs. Learn more at magnusdevelopment.com or on LinkedIn.
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 is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 23 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. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. With annual revenues of $4.3 billion and $98 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.
