Wilson Kibler Commercial Real Estate announces $2 million sale in Kershaw County

Wilson Kibler, a full-service commercial real estate firm headquartered in Columbia since 1987, is pleased to announce the recent sale of 185 W Jones Lane in Kershaw County. George McCutchen, CCIM, SIOR, of Wilson Kibler represented the seller in the $2 million transaction.

Building materials supplier 84 Lumber purchased the ±89,366 SF industrial building on ±17.4 acres with plans to open a new truss plant to adapt to growing demand in the construction market. Founded in Pennsylvania more than 65 years ago, 84 Lumber is the leading supplier of building materials, supplies, and manufactured components for both commercial and residential uses with more than 250 locations nationwide.

About Wilson Kibler

Wilson Kibler is a full-service commercial real estate firm with offices in Columbia and Greenville. Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, leasing, acquisition and disposition, property management, development, and consultation.  Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Wilson Kibler is an Accredited Management Organization, and its professionals hold prestigious designations including CCIM, CPM, LEED GA, MCR, and SIOR. For more information visit www.www.wilsonkibler.com

About 84 Lumber

Founded in 1956 and headquartered in Eighty Four, Pennsylvania, 84 Lumber Company is the nation’s largest privately held supplier of building materials, manufactured components and industry-leading services for single- and multi-family residences and commercial buildings. The company operates more than 250 stores, component manufacturing plants, custom door shops, custom millwork shops and engineered wood product centers in over 30 states. 84 Lumber also offers turnkey installation services for a variety of products, including framing, insulation, siding, windows, roofing, decking and drywall. A certified national women’s business enterprise owned by Maggie Hardy Knox, 84 Lumber was named by Forbes as one of America’s Largest Private Companies in 2018 and 2020, and one of America’s Best Large Employers in 2019. For more information, visit www.84lumber.com.

# # #

Wilson Kibler releases Q4 2021 Columbia Industrial Report

The overall vacancy rate in the Columbia industrial market holds steady at 4.3% compared to 4.2% in the previous quarter.

Average asking rental rates were also largely unchanged this quarter at $4.33/SF, but many forecasts predict an increase moving forward due to heightened demand and increasing construction costs. The Society of Office and Industrial Realtors (SIOR) recently predicted rents could rise anywhere from 15 to 40 percent in the next 18 months.

Three industrial buildings totaling ±193,940 SF are currently under construction in the Columbia market. The largest project is ±181,440 SF warehouse building in the Lexington County Industrial Park, home to Unum, Husqvarna, and the Home Depot. CED Greentech, one of the nation’s leading solar equipment distributors, leased ±68,040 SF ahead of the building’s expected delivery in first-quarter 2022 and ±113,400 SF remains available.

Click here to view the full report.