Columbia, SC – Colliers International | South Carolina brokered the sale of a 110,000-square-foot industrial property on approximately 5.87 acres located at 1440 Atlas Road in Columbia, SC, to Hengshi USA Wind Power Materials Corporation. Colliers’ Midlands industrial team of Chuck Salley, SIOR, Dave Mathews, SIOR and Thomas Beard represented the seller, Reger Holdings, in the transaction, which is valued at $3,550,000.
“Columbia continues to benefit from a growing trend of Asian manufacturing companies moving to the U.S.,” said Chuck Salley, a vice president and director of the industrial brokerage team with Colliers | South Carolina. “In the past, these companies could take years to make a decision, but now they are more focused on ‘speed to market’, which is significantly shortening the timeline for these projects and creating a demand for existing buildings that can be repurposed quicker than new construction.”
Reger Holdings, LLC (www.regerholdings.com) is headquartered in western New York and focuses on commercial and industrial value add real estate investments and quality residential and mixed-use development. The company and affiliates currently own approximately 7 million square feet of industrial and commercial space. Reger Holdings and affiliates have also developed several residential and mixed-use projects throughout the country including significant mixed-use developments in the Boston market and currently ongoing luxury residential condominium developments under construction and in pre-development phases in Maine.
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 multi-faceted platform gives them a unique insight into market conditions for all types of industrial properties.