803 Industrial Park. Picture courtesy of Magnus Improvement Companions
Magnus Improvement Companions has began building on the primary two buildings of an industrial park that can finally deliver 1 million sq. ft of business area to Columbia, S.C.
The South Carolina-based developer broke floor on Gateway One and Gateway Three at its 803 Industrial Park mission. Magnus Improvement is anticipating to finish each buildings within the second quarter of 2023 and has tapped Colliers’ Chuck Salley, Dave Mathews, Thomas Beard and John Peebles to deal with the advertising and leasing efforts. The Colliers staff was additionally tapped earlier this yr for the leasing efforts of a 497,952-square-foot speculative facility 20 miles southeast of Columbia.
As for Magnus Improvement’s mission, 803 Industrial Park’s first two buildings will every embrace 252,720 sq. ft. The developer is mirroring the design for the buildings, setting up them with a 190-foot-deep truck courtroom, as much as 57 dock-high doorways, 72 trailer drop areas, 50-foot by 54-foot bays, 32-foot clear heights, ESFR fireplace safety and LED lighting. In keeping with Colliers, the buildings might be break up down into floorplates as small as 56,160 sq. ft.
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803 Industrial Park’s location places it subsequent to the Columbia Metropolitan Airport, regional air and floor hubs for UPS, FedEx Freight and a Norfolk Southern transload rail terminal. The economic park is situated a mile away from I-26 however has easy accessibility to different markets through I-20, I-77 and I-95, and is inside two hours of the Port of Charleston.
Constructing out the commercial park to 1 MSF
After finishing the primary two buildings of 803 Industrial Park, Magnus Improvement has plans for 2 extra properties to finish the commercial park. The developer is planning to interrupt floor on Gateway Two within the second quarter of 2023. Gateway Two could have an analogous buildout with a 190-foot-deep truck courtroom, as much as 32 dock-high doorways, 50-foot by 54-foot bays, 36-foot clear heights, ESFR fireplace safety and LED lighting, however with a bigger constructing footprint at 408,240 sq. ft.
Magnus Improvement can be planning to construct the ultimate Gateway 4 constructing at a later date, primarily based on market demand. Kevin Werner, associate with Magnus Improvement, stated in ready remarks that the corporate will lease up the primary two buildings after completion, then rapidly develop the remaining two buildings of 803 Industrial Park, which is able to complete greater than 1 million sq. ft of business area.
Past the 803 Industrial Park, Magnus Improvement has accomplished a number of industrial properties all through the Columbia metro. The corporate has developed properties for main manufacturers, together with Dwelling Depot, Starbucks, Tractor Provide, and extra. Beforehand, Magnus Improvement constructed a 67,861-square-foot build-to-suit facility with freezer and refrigeration capabilities for Domino’s. The property is situated throughout the Lexington County Industrial Park in Columbia.
