Pineview Commerce Middle. Rendering courtesy of Colliers
Summit Actual Property Group has begun building on the Pineview Commerce Middle, a 351,540-square-foot Class A industrial challenge on the intersection of Longwood and Bluff roads in Columbia, S.C. Meant for manufacturing and distribution makes use of, the event is being constructed on a 34-acre lot inside Pineview Industrial Park, a 655-acre speculative master-planned challenge.
Colliers will likely be offering brokerage and leasing companies on the facility, which is anticipated to be accomplished within the fourth quarter of this 12 months.
The challenge is the developer’s first within the Palmetto State. At full build-out, Pineview Commerce Middle will embody 36-foot clear heights, 50- by 54-foot column spacing, 68 dock-high mechanical loading doorways, a 185-foot deep truck court docket and 80 trailer parking areas. Area on the facility will likely be dividable into floorplates of 100,440 sq. ft, with the power additionally being able to occupancy by a single tenant. Upon supply, the warehouse may even embody a 1,000-square-foot delivery workplace.
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Located alongside one in every of Columbia’s largest industrial corridors, the power will present connectivity to interstates 77, 26 and 20, all inside a 17-mile drive. Pineview Commerce Middle will likely be inside 100 miles of amenities operated by a number of of the state’s largest industrial employers, together with BMW, Trane and Boeing.
Leasing on the upcoming property will likely be managed by Colliers Columbia Managing Director Chuck Salley, Vice Presidents Dave Matthews and Thomas Beard in addition to Senior Brokerage Affiliate John Peebles.
An industrial powerhouse within the Battery Belt
Elsewhere on the Pineview Industrial Park, Cirba Options is investing $300 million within the first section of a 400,000-square-foot electrical car battery recycling facility. The agency plans to spend a complete $1 billion over the following 5 years to increase each the power’s measurement and capabilities.
Building of Pineview Commerce Middle takes place as South Carolina’s industrial sector emerges as a nationwide hub of electrical car manufacturing, pushed by each authorities incentives and funding from many high-profile producers. Automotive giants which have invested in electrical car manufacturing inside the state embody Volvo and sister firm Polestar, Oshkosh Protection, Star EV and the respective divisions of BMW and Mercedes-Benz. Columbia particularly is the location of an 1,100-acre, $2 billion electrical car manufacturing plant being developed by Scout Motors that may open in 2026.
The scope of associated funding has trickled down into South Carolina’s bigger industrial sector, with a pipeline of 8.2 million sq. ft and a complete emptiness fee of two.1 p.c as of the tip of 2022, in line with knowledge from a JLL report.
