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Magnus Development’s 321 Logistics fully leased before construction completed

321 Logistics

Colliers facilitated the leases for CED Greentech, the Marwin Company and AGP Glass at the speculative building in Lexington County Industrial Park

Columbia, SC - Magnus Development Partners has completed the development and construction of 321 Logistics, a 181,440-square-foot, state-of-the-art industrial building in Lexington County Industrial Park in West Columbia, SC. The development is named accordingly for its strategic location along Highway 321 which is less than one mile from the intersection of I-77 and I-26.

Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard, SIOR and John Peebles of Colliers | South Carolina’s industrial brokerage team in Columbia represented Magnus Development in leasing the building to three separate tenants before construction was completed. CED Greentech leased 68,040 square feet in July 2021, The Marwin Company leased 56,700 square feet in February 2022 and AGP Glass leased 56,700 square feet in March 2022. Colliers also represented CED Greentech and AGP Glass in the transactions.

CED Greentech is the leading solar equipment distributor in the U.S. CED moved from another West Columbia location to a larger space at 321 Logistics to serve an expanding client base as its distribution requirements grow. This location serves South Carolina markets as well as Charlotte, Asheville, Augusta and Savannah for solar equipment, product expertise and sales support needs.

The Marwin Company was founded in Cayce, SC in 1947 as an attic stair manufacturer. It is now an industry leader for the residential construction industry providing energy-saving attic access solutions, pocket door frames, knee-wall doors, and interior french and louver doors. The Marwin Company moved some of its current operations to 321 Logistics to better meet its space requirements for manufacturing, storage and distribution as demand for its products grows.

AGP Glass expands the boundaries of conventional glass products by offering smart technologies to enable electric and autonomous mobility, enhance connectivity and transform the in-cabin user experience. 321 Logistics is the company’s first location in South Carolina and the facility’s purpose is to serve as a satellite plant where final components are adhered to the glass, also keeping in mind client-supplier proximity strategies to generate logistic cost savings and undermine risks.

“The expansion of two successful industries in Lexington County, coupled with the recruitment of an innovative automotive supplier, is indicative of our community’s business-friendly climate and strong workforce environment,” said Lexington County Council Vice Chair Beth Carrigg. “We applaud Magnus for their continued investment in industrial buildings in Lexington County and look forward to continuing to work alongside their team, as well as Colliers, to build upon Lexington County’s positive growth trajectory.”

“The industrial demand in central South Carolina continues to show its strength while existing availabilities are scarce,” said Salley, Managing Director | Industrial Services in Colliers’ Columbia office. “321 Logistics was the last available Class A industrial space in the market until new construction delivers in the fourth quarter of 2022. Because of that, tenants are considering executing leases well in advance of a building’s delivery to secure space within buildings under construction or planned.”

Magnus Development’s next projects in the central South Carolina market include 803 Industrial Park, a partnership with CAE Airport consisting of up to one million square feet across four buildings, and Access 77 in Northpoint Industrial Park in Blythewood, a pad-ready site with plans to construct at 210,600-square-foot building.

“We continue to develop industrial buildings throughout the state,” said Kevin Werner, Partner with Magnus Development. “The demand for Class A industrial buildings in the Midlands region is significant and we intend to satisfy the demand with state-of-the-art facilities for tenants of all sizes.”

Magnus Development is a privately held, South Carolina-based real estate developer focused on delivering single tenant build-to-suits, spec industrial buildings and corporate advisory services throughout the Southeastern United States. With over 50 years’ experience in commercial real estate, Magnus founders have developed properties for some of the nation’s most recognizable companies, including Home Depot, Iron Mountain, Starbucks, Domino’s Service Centers, Tractor Supply, Husqvarna and others.

Salley, Mathews, Beard and Peebles are the leading industrial brokerage team in central South Carolina, specializing in leasing, user sales and investment sales of industrial properties. Their multifaceted platform gives them a unique insight into market conditions for all types of industrial properties.


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Chuck Salley

Managing Director

Columbia

I have experience in all aspects of industrial brokerage including: leasing, sales, build-to-suit, site acquisition, investment sales and consulting. I have been with Colliers since 1981 and have completed over 1,500 transactions in my career. I am an expert in the industrial market and am proud to have represented many national and international companies with their real estate needs in the greater Columbia market. I have also provided valuable consulting work, site acquisition and leasing services for many national developers including: Magnus Development Partners, Scannell Properties, Collett Industrial, Panatonni Development, Red Rock Development, Kirco and Miller Valentine Group.

I am inspired by the drive of my clients and customers to grow their businesses, create jobs and invest in our community. I enjoy the thrill of taking on the challenge to find real estate solutions for them to help them progress their business goals.  My experience in Columbia gives me a solid platform to deliver solutions that enable these companies to grow.

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Dave Mathews

Vice President

Columbia

As part of the Colliers platform of services, I serve both tenants and landlords with their respective industrial  needs. I assist tenants with comprehensive site selection, acquisitions and dispositions and lease negotiations. In addition, I offer similar services to institutional landlords, which include strategic planning, detailed reporting and market analysis, marketing and lease/sale negotiations. I work with an integral team and find that our teamwork is one of our biggest advantages in completing deals for our clients that exceed their expectations.

Working in industrial brokerage, I have the opportunity to see the vast progress of companies and help to play a part in a client’s business development. I find that, for me, success is finding the best possible outcome for a client within their constraints and knowing that I have brought significant value to their growth.

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Thomas Beard

Vice President

Columbia

I specialize in leasing, user sales and investment sales of industrial properties.

Since a young age, I have had a profound interest in and exposure to commercial real estate. I have long found industrial brokerage to be intriguing because it serves as the foundation of many different types of businesses and processes. It is very rewarding to have the opportunity to play a role in the goals and progress of each of our clients as a trusted industrial services advisor.

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John Peebles

Senior Brokerage Associate

Columbia

I am a Senior Brokerage Associate in our Columbia office working with the industrial brokerage team of Chuck Salley, SIOR, Dave Mathews, SIOR and Thomas Beard, SIOR. I focus on and specialize in leasing, sales, build-to-suit projects, site acquisition and investment sales for investors, developers and tenants looking in central South Carolina. 

Industrial brokerage offers a runway for creative thinking and problem solving for clients’ and customers’ needs. At the conclusion of a deal, we have not only assisted our clients in achieving their goals, but also assisted companies in maximizing their productivity and profitability in the same breath. In doing so, we get to play a role in growing businesses in our community and stimulating the local and regional economy. This is a reward that few other careers can offer.

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