A Charlotte-headquartered development and acquisition company is developing a 196,560-square-foot industrial building in the Carolina Pines Industrial Park in Blythewood.
Collett Industrial, a subsidiary of commercial real estate firm Collett, is developing the Class A building, scheduled to be completed in the fourth quarter of 2021. The facility, which can accommodate distribution or manufacturing tenants ranging from 42,120 square feet to the entire space, will feature 32-foot clear heights, 63 trailer parking spaces, 42 dock-high doors, and LED lighting.
Colliers International South Carolina’s industrial brokerage team of Chuck Salley, Dave Mathews, Thomas Beard and John Peebles will handle leasing and marketing services.
“Colliers is proud to partner with Collett Industrial on their newest speculative development in the Carolinas,” Salley, vice president and director of Colliers’ Columbia industrial brokerage team, said in a news release. “This announcement is in response to the high demand for Class A space in central South Carolina, and the market will respond well to Collett’s high-caliber industrial product.”
The Carolina Pines Industrial Park currently houses tenants including a Belk distribution center, Intertape Polymer Group, Husqvarna Outdoor Products, Patterson Logistics Services, and Amcor Rigid Plastics.
“Columbia has been a priority market for us given its central location, excellent transportation infrastructure and strong labor force,” Teddy Hull, principal at Collett Industrial, said. “We are thrilled about this project and look forward to working alongside Colliers and Jeff Ruble and his team at the Richland County Economic Development Office. With increasing demand and limited existing Class A space available in the market, we see a compelling opportunity to help meet the needs of today’s users at Carolina Pines Industrial Park.”
The building will be Collett Industrial’s first development in Columbia, according to the release. The company is also planning to construct up to 702,000 square feet of speculative industrial space at Willimon Business Park in Greenville, with leasing and marketing services provided by Colliers’ Greenville-Spartanburg industrial brokerage team.
“Richland County is appreciative of Collett’s confidence in our market,” Paul Livingston, Richland County Council Chair, said. “This investment is a direct result of the unprecedented success we’ve enjoyed in economic development over the past few years.”
Collett Industrial’s portfolio consists of more than 1.5 million square feet of completed or planned industrial space, focusing on distribution, light manufacturing and e-commerce facilities.
NAI Columbia’s John Gregory represented the seller, the estate of Marie Steele, in the $600,000 sale of a 3.49-acre infill development site at 401 W. Main St. in Lexington.
The property, with road frontage on and direct access to West Main Street, was a previously a medical office.s