Magnus Development Partners breaks ground on Midway Logistics IV, a 200,000-square-foot speculative building in Lexington County Industrial Park
May 1, 2019
Colliers International | South Carolina’s industrial brokerage team in Columbia to handle marketing and leasing for Midway Logistics IV.
Magnus Development Partners recently broke ground on the fourth speculative development in the Lexington County Industrial Park in West Columbia, South Carolina. Midway Logistics IV is the only speculative industrial building offering up to 200,000 square feet of available space in central South Carolina and is expected to quickly become fully leased.
Colliers International | South Carolina’s industrial brokerage team of Chuck Salley, SIOR, Dave Mathews, SIOR and Thomas Beard will handle the leasing and marketing of the property.
“The Colliers team leased our last speculative development, Midway Logistics III, before the paint dried on the walls,” said Kevin Werner, Partner of Magnus Development Partners. “They are the most knowledgeable industrial real estate experts in the market, and we are pleased to have them representing our newest venture.”
The Midway Logistics IV building is currently the only Class A warehouse available for lease in the Columbia, SC MSA with a 32’ minimum clear height, making it desirable for tenants who need stacking beyond the typical 20’ ceilings to maximize space.
“Our team is thrilled to be working with Magnus Development again,” said Chuck Salley, Vice President and Director of the Industrial Brokerage Team for Colliers | South Carolina. “We enjoy working with a landlord who is highly competitive and results oriented with their tenants.”
Salley, Mathews and Beard 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.
About Colliers International
Colliers International | South Carolina has over 150 staff members, including 60 real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. Total 2018 brokerage volume exceeded $577 million, which included over 505 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 12 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 46 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 global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn
