Class A industrial space developed by Magnus Development Partners in West Columbia brought to full occupancy before construction is completed.
Columbia, SC – Colliers International’s Chuck Salley, SIOR, Dave Mathews, SIOR and Thomas Beard represented the landlord, Magnus Development Partners, in the leasing of 170,000 square feet of warehouse space at Midway Logistics III to Garden State Lumber and 30,000 square feet to Scholastic Book Fairs.
“The Midway Logistics III building is Magnus Development Partners’ newest Class A building in the Columbia market and was 100% leased before construction was completed,” said Kevin Werner, Founding Partner of Magnus Development Partners. “The success of this building will allow us to focus on delivering the next speculative building within the park. This building currently under design will also be a 200,000-square-foot Class A tilt-up facility located adjacent to Midway Logistics III.”
Midway Logistics III is a 200,000-square-foot industrial building located at 810 Bistline Drive in the Lexington County Industrial Park in West Columbia, SC. The site is a prime distribution location, easily accessible off Highway 321 and less than a mile from Columbia’s network of interstates, connecting it to the Southeast and beyond.
“It was a pleasure to represent Magnus Development Partners in the deal and with their latest speculative development” said Chuck Salley, Vice President and Director of the Industrial Brokerage Team with Colliers International | South Carolina. “Demand for Class A industrial space remains high in the Midlands, as evidenced by this building attaining full occupancy prior to its scheduled delivery date. This deal is an indication that the local industrial market is seeking Class A space for future growth as they continue to expand in the Midlands.”
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.