Miller Valentine breaks ground on first speculative industrial building in the Midlands in nearly a decade

The 200,000-square-foot Midway Logistics II industrial building is located in Lexington County Industrial Park

Miller-Valentine Group has announced the construction of Midway Logistics II, the first speculative class A, tilt up, multi-tenant industrial building built by a private developer in the Midlands of South Carolina since 2009. The approximately 200,000-square-foot facility will be built in Lexington County Industrial Park, a 350-acre master planned industrial park located at the intersection of I-77 and I-26. The park is home to the region’s top employers, including Home Depot, Husqvarna and Republic National Distributing Company. Colliers International has been awarded the leasing for the facility.

“Midway Logistics II will be the most modern industrial building developed in the Midlands Region to date,” said Kevin Werner, Partner with Miller-Valentine Group. “In addition to the buildings class A features, multi-tenant flexibility, and energy efficient design, it is also located in the Midlands premier industrial park with immediate access to multiple interstates and pulls from a tremendous labor force.” Miller-Valentine Group builds and develops real estate in the Southeast, Southwest and Midwest regions of the country, with offices in Columbia and Charleston, South Carolina, Dayton and Cincinnati, Ohio, Charlotte, North Carolina, and Dallas, Texas. They offer a wide range of products, including multi-tenant industrial buildings, manufacturing, office, healthcare facilities, and a 15,000-unit multi-family portfolio. For more information, go to www.mvg.com.

“This new speculative building is an amazing opportunity for the Midlands, and this announcement could not have come at a better time,” said Chuck Salley, SIOR, Vice President and Director of the Industrial Brokerage Team with Colliers International | South Carolina. “With the growth of e-commerce and next-day delivery, manufacturers and distributors need larger buildings in close proximity to major highways, which makes the Midlands perfect for them. As we’ve seen with the recent Amazon lease in a large speculative building, there is demand for these facilities in the area. Pre-construction interest has been phenomenal and we expect interest to increase now that construction has started.”

Chuck Salley, SIOR, Dave Mathews, SIOR and Thomas Beard are the leading industrial brokerage team in central South Carolina, specializing in leasing, user sales and investment sales of industrial properties. Their multi-faceted 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 64 real estate professionals. Total brokerage volume for the firm in 2016 was approximately $634 million involving over 659 sales and leasing transactions. Colliers International is the largest manager of commercial property in South Carolina and is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM), with a portfolio at year-end 2016 of approximately 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 53 professional designations, the most of any firm in South Carolina.

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.

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