Cason Development Group has partnered with a Columbia commercial real estate broker in its first venture into a multitenant commerce park, working with Ben Brantley, a vice president with CBRE, to accelerate the growth of Shop Grove Commerce Park.
The partners have been in recent conversations with two national retailers about distribution operations for the 38-acre commerce park, located off Shop Road Extension, according to a news release. Current park tenants include TireHub, South Carolina Air Distributor, Party Reflections, Carrier Enterprise and FedEx Ground.
“We are excited about this opportunity to expand our presence in the commercial real estate market in Columbia,” Frank Cason, president of Cason Development Group, said in the release. “Although we have done other projects in the light industrial arena, this will give us a longer-term presence as we build out Shop Grove Commerce Park.”
CBRE is the broker for the property and any buildings.
The partners said the park is well-suited for wholesale, light assembly, warehousing and distribution operations of less than 100,000 square feet, an industrial market sector they say is in high demand in the area.
‘In light of current demand and a limited supply of not only land but also buildings in and around the Columbia market, I partnered with Cason Development Group to meet the needs of the market,” Brantley said.
Immediate plans include creating an access road and beginning construction on at least one spec building.
“With approval from the city of Columbia for a spine road, we intend to be coming out of the ground with speculative construction by the first of the year,” Brantley said.s