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Pineview Trade Center. Rendering courtesy of Colliers
Summit Real Estate Group has begun construction on the Pineview Trade Center, a 351,540-square-foot Class A industrial project at the intersection of Longwood and Bluff roads in Columbia, S.C. Intended for manufacturing and distribution uses, the development is being built on a 34-acre lot within Pineview Industrial Park, a 655-acre speculative master-planned project.
Colliers will be providing brokerage and leasing services at the facility, which is expected to be completed in the fourth quarter of this year.
The project is the developer’s first in the Palmetto State. At full build-out, Pineview Trade Center will include 36-foot clear heights, 50- by 54-foot column spacing, 68 dock-high mechanical loading doors, a 185-foot deep truck court and 80 trailer parking spaces. Space at the facility will be dividable into floorplates of 100,440 square feet, with the facility also being capable of occupancy by a single tenant. Upon delivery, the warehouse will also encompass a 1,000-square-foot shipping office.
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Situated along one of Columbia’s largest industrial corridors, the facility will provide connectivity to interstates 77, 26 and 20, all within a 17-mile drive. Pineview Trade Center will be within 100 miles of facilities operated by several of the state’s largest industrial employers, including BMW, Trane and Boeing.
Leasing at the upcoming property will be managed by Colliers Columbia Managing Director Chuck Salley, Vice Presidents Dave Matthews and Thomas Beard as well as Senior Brokerage Associate John Peebles.
An industrial powerhouse in the Battery Belt
Elsewhere at the Pineview Industrial Park, Cirba Solutions is investing $300 million in the first phase of a 400,000-square-foot electric vehicle battery recycling facility. The firm plans to spend a total $1 billion over the next five years to expand both the facility’s size and capabilities.
Construction of Pineview Trade Center takes place as South Carolina’s industrial sector emerges as a national hub of electric vehicle manufacturing, driven by both government incentives and investment from many high-profile manufacturers. Automotive giants that have invested in electric vehicle manufacturing within the state include Volvo and sister company Polestar, Oshkosh Defense, Star EV and the respective divisions of BMW and Mercedes-Benz. Columbia in particular is the site of an 1,100-acre, $2 billion electric vehicle manufacturing plant being developed by Scout Motors that will open in 2026.
The scope of related investment has trickled down into South Carolina’s larger industrial sector, with a pipeline of 8.2 million square feet and a total vacancy rate of 2.1 percent as of the end of 2022, according to data from a JLL report.
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