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Charleston Office
25 Calhoun Street
Suite 220
P.O. Box 610 (29402)
Charleston, SC 29401
USA (Map)
Tel: +1 843 723 1202

Columbia Office
1301 Gervais Street
Suite 600
Columbia, SC 29201
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Tel: +1 803 254 2300

Greenville Office
55 E. Camperdown Way
Suite 200
Greenville, SC 29601
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Tel: +1 864 297 4950

Colliers International represents seller of Charleston landmark “Vice Principals” production facility

Charleston, SC – Colliers International’s Hagood Morrison, SIOR, MBA represented Montague Overpass Associates, the seller, in the sale transaction of the Goer Manufacturing facility. The approximately 327,000 square-foot facility, sold for $8.5 million, is an industrial landmark in Charleston and is located at 4500 Goer Drive at the intersection of I-26 and Montague Avenue.

“The facility has been the site of several movie and television productions, most notably the last Danny McBride series, Vice Principals,” said Morrison. “Ownership anticipates a mix of tenants including rail users and other port related logistics companies, production companies, light manufacturers and office tenants.”

The building was purchased by GFI Partners in a joint venture with a national logistics company. The buyers plan to restore the facility and reinvest in the building maintenance to attract tenants. This sale is an example of the strong investment activity in the Charleston industrial market that is expected to continue throughout 2017.

Morrison specializes in industrial brokerage in Charleston and the surrounding region, representing logistics companies and manufacturers and brokering a variety of industrial sales. He also focuses on real estate investment transactions and brings an institutional mindset to building owners.

ABOUT COLLIERS INTERNATIONAL

Colliers International South Carolina has over 150 staff members, including 64 real estate professionals. Total brokerage volume for the firm in 2017 exceeded $680 million involving over 900 sales and leasing transactions. Colliers International is the largest manager of commercial property in South Carolina and is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM), with a portfolio at year-end 2017 of approximately 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 53 professional designations, the most of any firm in South Carolina.

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.

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TAGS: Investment, Industrial

Media Contact

Liz McCary
Vice President of Marketing | South Carolina
Direct: +1 803 401 4269
liz.mccary@colliers.com

South Carolina