Sandy Run Industrial Park. Picture courtesy of Purple Rock Developments
Purple Rock Developments has preleased its first speculative distribution facility at Sandy Run Industrial Park in Columbia, S.C. Sensible Warehousing signed a full-building lease for the 497,952-square-foot venture that’s anticipated to be accomplished within the second quarter of 2023.
Colliers’ Chuck Salley, Dave Matthews, Thomas Beard and John Peebles represented Purple Rock Developments within the transaction, whereas Sensible Warehousing was represented by Lee & Associates’ John Sharpe and John DeCuto. Purple Rock began website work on Sandy Run Industrial Park’s first constructing in April, however formally began development in June 2022, Beard informed Business Property Govt.
The Class A facility can be one of many market’s largest speculative buildings, based on Purple Rock. The cross-dock improvement will provide 36-foot clear heights, 56-foot by 52-foot inside bay spacing, 56-foot by 65-foot pace bay spacing, 200-foot deep truck court docket, 192 automobile parking areas, 152 trailer parking areas, LED lighting and an EFSR sprinkler system.
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Sandy Run Industrial Park can have direct entry to I-26, whereas additionally being close to I-20, I-77 and I-95. The economic park’s location in Calhoun County places it close to main tenants and regional hubs like an Amazon Distribution Middle, Nephron Prescription drugs, the usAir Hub and the Columbia Metropolitan Airport.
“Manufacturing is admittedly the driving force of our market, however we’re seeing much more demand for distribution area,” Beard, vice chairman at Colliers, informed CPE. “We’ve accomplished extra lease transactions from a sq. footage standpoint with 3PL corporations this 12 months than ever earlier than.”
“3PL exercise is definitely a giant driver for the tenant demand we’re experiencing proper now,” Beard additionally informed CPE, including that there hasn’t been any product to accommodate distribution tenants who’re searching for one thing within the 300,000 to 500,000-square-foot vary.
6 MSF of commercial area
Whereas the primary speculative constructing inside Sandy Run Industrial Park has landed a tenant, Purple Rock is planning to introduce a complete of practically 6 million sq. ft of Class A industrial area inside the park. The developer is seeking to assemble extra build-to-suit and speculative buildings inside the 760-acre Sandy Run Industrial Park.
General, Purple Rock’s improvement technique focuses on build-to-suit/lease tasks, speculative improvement and industrial park improvement. The Columbia-based firm has tasks all through the Southeastern, Mid-Atlantic and Midwest areas of the U.S., with a give attention to industrial and distribution sectors in gateway markets.
