Colliers: Scannell Properties sells Airport Distribution Center speculative building to CEEUS and plans new development

Scannell Properties sells Airport Distribution Center speculative building to CEEUS, Inc. Electric utility company supplies products to electric cooperatives across South Carolina. CEEUs will use the 247,000-square-foot, Class A building as a distribution facility. The development is located at the intersection of Platt Springs Road and Colite Drive on the border of CAE Enterprise Park, which is home to Flex, Harsco Rail, L&L Products, CeeUS.

Key Highlights:

* Airport Distribution Center is a 247,000-square-foot, Class A building that features 32-foot clear heights, 62 trailer parking spaces, 22 dock-high doors, an ESFR fire suppression system and LED lighting.

* The planned speculative building will consist of 310,000 square feet, 32-foot clear heights, 72 trailer parking spaces, 28 dock-high doors, an ESFR fire suppression system and LED lighting.

Original Press Release:

Columbia, South Carolina, March 22 -- Colliers issued the following news release:

- Colliers represented Scannell in the sale and will handle leasing and marketing for Airport Distribution Center II

Scannell Properties has sold its Airport Distribution Center speculative building to CEEUS, Inc., an electric utility company that supplies products to electric cooperatives across South Carolina, who will use the building as a distribution facility.

Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard, SIOR and John Peebles of Colliers | South Carolina represented the seller, Scannell Properties, and George McCutchen, CCIM, SIOR and James Rogers, SIOR of Wilson Kibler, Inc. represented the purchaser, CEEUS, in the transaction.

Airport Distribution Center is a 247,000-square-foot, Class A building that features 32-foot clear heights, 62 trailer parking spaces, 22 dock-high doors, an ESFR fire suppression system and LED lighting. The development is located at the intersection of Platt Springs Road and Colite Drive on the border of CAE Enterprise Park, which is home to Flex, Harsco Rail, L&L Products, CEEUS, Inc., Allied Air Enterprises, Beverage South and Ferrous Engineering and Tool.

Scannell has set its sights on a second West Columbia development, Airport Distribution Center II, located near CAE at 3965 Platt Springs Road. The planned speculative building will consist of 310,000 square feet, 32-foot clear heights, 72 trailer parking spaces, 28 dock-high doors, an ESFR fire suppression system and LED lighting. To learn more, visit www.airportdistributioncentersc.com.

“Scannell is proud to help facilitate the growth of a local company, CEEUS Inc., by delivering a new, Class A industrial development,” said Mark Willson, Development Associate at Scannell Properties. “We appreciate all the support provided by Lexington County, the City of Cayce and CEEUS Inc. that helped this development come to life. Scannell looks forward to pursuing more opportunities to provide Class A industrial space and economic development in the greater Columbia area.”

“Lexington County welcomes new ‘Class A’ buildings into our market, and we have enjoyed working alongside Scannell in support of its 247,000-square-foot project,” said Lexington County Council Chairwoman Beth Carrigg. “Airport Distribution Center is an ideal fit for CEEUS, and we applaud both entities on a seamless transaction.”

Both developments are located within a mile of CAE, both the UPS Air and Ground Hubs and the FedEx Air Ship Center, ideal for e-commerce businesses and last-mile delivery service providers. The properties’ access to three interstate systems within 10 minutes allows quick access to surrounding submarkets and regional markets as well as the Port of Charleston.

Headquartered in Indianapolis, Scannell Properties is a privately owned real estate development and investment company that focuses on build-to-suit and speculative development projects throughout the United States, Canada and Europe. Scannell has completed several other build-to-suit and speculative industrial development projects in South Carolina, including Hillside Enterprise Park in Duncan and three buildings at Legacy East in Rock Hill.

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.

[Category: Airport Services, Real Estate Development, Divestiture]

Source: Colliers