Real estate group breaks ground on industrial speculative building in southeast Columbia

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Ground has been broken on a new 351,540-square foot Class A industrial speculative building in Richland County’s Pineview Industrial Park.

Summit Real Estate Group broke ground on the Pineview Trade Center, which is scheduled to deliver in the fourth quarter of this year, according to a news release.

Pineview Trade Center is located on a 34-acre site designed to accommodate a variety of manufacturing and distribution users with an ESFR fire protection system, LED lighting, 36-foot clear heights, a 185-foot deep truck court, 68 dock-high doors and 80 trailer parking spaces. The building can be subdivided to 100,440 square feet of space.

 Summit officials also noted the project offers an above-market car parking specification, and the building will be able to accommodate double trailer parking for users with large truck fleets or an outside storage requirement.

“Richland County is thrilled to partner with Summit Real Estate Group on this exciting new development,” said Jeff Ruble, economic development director for Richland County. “With all the recent activity in our market, the timing for a new industrial product couldn’t be better.”

This will be St. Louis-based Summit Real Estate Group’s first development in the central South Carolina region, according to the release. Currently the group has five additional speculative industrial developments in progress or planned in greater Spartanburg; St. Louis, Mo; Orlando, Fla.; LaGrange, Ga. and Raleigh-Durham, N.C.

“We are thrilled to break ground on Pineview Trade Center,” said Mark Billeaud, founding partner and head of investment for Summit Real Estate Group. “This project is our second development in South Carolina and our first project in the Midlands. The site plan is designed to be flexible allowing for single or multi-tenant occupancy. Activity has been very strong during our due diligence period and with Colliers’ assistance we look forward to leasing up the project now that we are officially under construction.”

 Colliers’ industrial brokerage team of Chuck Salley, Dave Mathews, Thomas Beard and John Peebles are handling leasing and marketing for the industrial park.