Columbia Developer Brings 1st Speculative Property to Sandy Run > Columbia Business Report
Columbia-headquartered real estate development and investment firm Red Rock Developments is bringing the first speculative distribution facility to the Sandy Run Industrial Park to market.
Site work has begun for a 497,952 square foot building along Interstate 26 in Calhoun County, according to a press release from Colliers, which manages leasing and marketing of the property. The building, expandable to 663,836 square feet, will be equipped with a dockside distribution operation and 36-inch clear heights. It should be ready for occupants in the second quarter of 2023.
The Class A building, at Exit 119, is located near the distribution center of Amazon, Nephron Pharmaceuticals Corp., the UPS airline hub and Columbia Metropolitan Airport.
“The park’s proximity to the Port of Charleston, the manufacturing plant of Volvo in the Lowcountry and BMW in the upstate, coupled with the excellent road network of the Midlands, makes it a great option for businesses that are looking to locate in a Class A industrial park within a large South Carolina labor pool,” Red Rock Developments CEO Bill Smith said in the statement. “We look forward to making Sandy Run Industrial Park one of South Carolina’s premier Class A industrial parks.”
Sandy Run is a 760 acre industrial park with access to all utilities. Privately held Red Rock, the exclusive developer of speculative and custom-built buildings, plans to complete more than 5.9 million square feet of Class A industrial space in the park.
“This is truly a new and exciting time for Calhoun County. We are grateful that a major developer like Red Rock Developments would see the opportunity and potential to invest in the Sandy Run Industrial Park and now go one step further with the construction of a major market speculative building,” John McLauchlin, Calhoun County Administrator and Director of Economic Development, said. “With the County’s pro-business attitude, the recent development of the Sandy Run Industrial Park, coupled with our low tax base and utility rates, we believe we are now positioned for major economic growth.”
Chuck Salley, Dave Matthews, Thomas Beard and John Peebles of Colliers lease and market the building.
“We are extremely pleased to announce the construction of the first building in the Sandy Run Industrial Park,” said Salley, general manager of industrial services at Colliers’ Columbia office. “We are even more excited to partner with an experienced, top-notch industrial developer like Red Rock Developments. Red Rock’s desire to be community-minded and its ability to be creative in dealings will serve as catalysts for the success of this project.
Red Rock Developments, which has a regional office in Charlotte, has developed more than 30 million square feet of Class A industrial and office space nationwide.
Contact Melinda Waldrop at 803-726-7542.