Miller-Valentine Group has announced the construction of Midway Logistics II, the first speculative multi-tenant industrial building built by a private developer in the Midlands of South Carolina since 2009.
The approximately 200,000-square-foot facility will be built in Lexington County Industrial Park, a 350-acre master planned industrial park located at the intersection of I-77 and I-26. (it’s off US 321 near Fish Hatchery Road.)
The park is home to Home Depot, Husqvarna and Republic National Distributing Company. Colliers International has been awarded the leasing for the facility.
“Midway Logistics II will be the most modern industrial building developed in the Midlands Region to date,” said Kevin Werner, Partner with Miller-Valentine Group. “In addition to the buildings class A features, multi-tenant flexibility, and energy efficient design, it is also located in the Midlands premier industrial park with immediate access to multiple interstates and pulls from a tremendous labor force.”
“This new speculative building is an amazing opportunity for the Midlands, and this announcement could not have come at a better time,” said Chuck Salley, SIOR, Vice President and Director of the Industrial Brokerage Team with Colliers International | South Carolina. “With the growth of e-commerce and next-day delivery, manufacturers and distributors need larger buildings in close proximity to major highways, which makes the Midlands perfect for them. As we’ve seen with the recent Amazon lease in a large speculative building, there is demand for these facilities in the area. Pre-construction interest has been phenomenal and we expect interest to increase now that construction has started.”
Chuck Salley, SIOR, Dave Mathews, SIOR and Thomas Beard are the leading industrial brokerage team in central South Carolina, specializing in leasing, user sales and investment sales of industrial properties. Their multi-faceted platform gives them a unique insight into market conditions for all types of industrial properties.
Miller-Valentine Group builds and develops real estate in the Southeast, Southwest and Midwest regions of the country, with offices in Columbia and Charleston, South Carolina, Dayton and Cincinnati, Ohio, Charlotte, North Carolina, and Dallas, Texas. They offer a wide range of products, including multi-tenant industrial buildings, manufacturing, office, healthcare facilities, and a 15,000 unit multi-family portfolio. For more information, go to www.mvg.com.