Colliers International’s Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard and John Peebles represented the landlord in leasing space to Jushi USA at 10700 Farrow Road in Columbia.
The property is part of the Carolinas Industrial Properties portfolio, owned by Reger Holdings LLC, which consists of 39 buildings, 5.5 million square feet and 55 tenants across the state.
“We were thrilled that Jushi has signed a lease for the entire building that was previously the largest available industrial space for lease in the Columbia market,” said Chuck Salley, Vice President & Director of Industrial Brokerage Team in Colliers International | South Carolina’s Columbia office. “Their investment and employment in Richland County is having a tremendous impact on both the County and the State of South Carolina.”
Jushi is a leading supplier of fiberglass reinforcements and fabrics to the reinforced plastics industry in the US. In 2016, the company announced a $300 million project for their fiberglass manufacturing plant which was the largest economic impact announced in Richland County in 35 years.
10700 Farrow Road was originally built by KitchenAid in 1971, and has since housed tenants including Little Tykes, Remington, Pure Power Technologies and Samsung.
Colliers International | South Carolina has over 150 staff members, including 65 licensed real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. Total 2019 brokerage volume exceeded $419 million, which included over 452 sales and leasing transactions. In addition to traditional commercial real estate representation services for our clients, the company is actively engaged in Corporate Solutions and Healthcare Services. Colliers International is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina, with a portfolio of nearly 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff hold 44 professional designations, the most of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
As one of the region’s largest privately held industrial property owner and developer, Weston owns a national industrial real estate portfolio of approximately 22 million square feet serving over 750 tenants. For nearly 50 years, it has exhibited experience and expertise in the areas of building ownership, development, acquisitions, facilities management, tenant services, financing, and leasing. Since its inception, Weston has been a leading choice of businesses with a distinctive vision of their real estate goals who seek flexible, practical solutions to their space needs offering a broad spectrum of commercial real estate services including acquisition, leasing and management services.
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