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New lease brings Midway Logistics IV to full occupancy
Staff Report //September 28, 2020//
Listen to this articleTreeHouse Foods has leased 150,000 square feet in the Midway Logistics IV building, bringing the Lexington County Industrial Park property to full occupancy.
Colliers International South Carolina’s Chuck Salley, Dave Mathews, Thomas Beard and John Peebles represented Magnus Development Partners in the transaction. The Columbia-based, privately held real estate developer will immediately begin construction on a new speculative project, Midway Logistics VI, in the industrial park, according to a news release from Colliers.
Illinois-headquartered TreeHouse Foods will use the food-grade distribution facility to increase supply chain output for its current pasta plant at 2000 America Italian Way in Columbia, according to the release.
“We are proud to deliver continued success for our clients at Magnus and to add TreeHouse Foods to a long list of regional and national companies doing business in the Lexington County Industrial Park,” Salley, Colliers vice president and director of the Columbia industrial brokerage team, said. “The Columbia region is poised to support new developments coming out of the ground as the availability rate for industrial properties continues to shrink and tenant velocity increases.”
Unum Group, parent company of Columbia-headquartered supplemental life insurance company Colonial Life, leased 50,000 square feet of warehouse space at Midway Logistics IV last October.
Ground was broken on 180,000-square-foot Midway Logistics V last November. That building will be fully occupied by Kardex Remstar, a supplier of automated storage and retrieval solutions based in Switzerland.
Midway Logistics VI will include 192,780 square feet of Class A warehouse space, high-capacity loading and enhanced trailer parking.
“The building’s smart, energy-efficient design may be the most attractive Midway facility that Magnus has constructed thus far,” Salley said.
