Cleveland-based industrial property owner and developer Weston Inc. is continuing to add Columbia properties to its growing Southeast portfolio.
Weston most recently acquired a 65,000-square-foot industrial building at 110 Metal Park Drive in Columbia in a transaction facilitated by Colliers | South Carolina’s Chuck Salley, Dave Mathews, Thomas Beard and John Peebles. Weston also retained Colliers to lease and manage the property.
LCK’s Dale Stigamier is currently serving as project manager for property improvements including the installation of a new truck court, fire suppression system and LED lighting.
“We are excited to expand our portfolio in South Carolina,” Eileen McConville, Weston asset manager, said in a news release from Colliers. “The Colliers team brought this property to us as a value-add investment and we look forward to working with LCK and Colliers to improve the property and find a tenant that will add to the local economy.”
Weston now has nearly 7 million square feet of assets in South Carolina, including two industrial properties leased by China Jushi totaling more than 128,000 square feet on Bluff Road. In February, the company acquired three vacant industrial properties located at 6011 Shakespeare Road, 1030 Metso Way and 201 Metropolitan Drive in the greater Columbia market. In August, Sterlite Technologies leased 168,000 square feet of space at 2 Business Parkway on property owned by Weston.
Those transactions followed Weston’s big S.C. splash in February 2020, when the company purchased 5.5 million square feet of industrial assets in the 37-property Carolina Industrial Properties. The 16-county, 57-tenant portfolio represented the largest single acquisition in South Carolina in at least 10 years, according to commercial real estate data provider CoStar, and was the largest transaction in Weston’s history.
In other area transactions, NAI Columbia’s Tombo Milliken, Tom Milliken and Nelson Weston III facilitated several deals in Columbia. The trio represented the seller in the $1.05 million sale of 479 acres surrounding Oak Hills Golf Course in Richland County, as well as the seller in the $496,584 sale of 1.14 acres on Two Notch Road that will be the new location for Express Car Wash.
The Millikens and Weston also represented the seller in the $350,000 sale of 11.59 acres at Old Dunbar Road and Interstate 26 in Lexington County to TEC Equipment Rental and in four transactions in the Horrell Hill area of Richland County totaling 52 acres.