{"id":1004575421,"date":"2022-04-07T04:00:36","date_gmt":"2022-04-07T12:00:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004575421"},"modified":"2022-12-09T02:39:13","modified_gmt":"2022-12-09T10:39:13","slug":"red-rock-begins-work-on-sc-distribution-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/","title":{"rendered":"Red Rock Begins Work on SC Distribution Facility"},"content":{"rendered":"
\"Sandy<\/a>

Sandy Run Industrial Park facility. Image courtesy of Colliers<\/p><\/div>\n

Red Rock Developments<\/strong>, of Columbia, S.C., has gotten site work under way for the first speculative distribution facility at the company\u2019s Sandy Run Industrial Park, along I-26, about 20 miles southeast of Columbia. Colliers<\/strong> will handle marketing and leasing for the building.<\/p>\n

The 497,952-square-foot, cross-dock, speculative Class A facility is expandable to 663,836 square feet and will feature 36-foot clear ceilings. It\u2019s scheduled to deliver in the second quarter of 2023.<\/p>\n

The site has direct access from I-26 and is also accessible to I-77, I-20 and I-95; Columbia Metropolitan Airport; and the Port of Charleston.<\/p>\n

\n

READ ALSO<\/strong>: Industrial Sector Reaches Supply Momentum<\/a><\/p>\n

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The building is being represented by Chuck Salley, Dave Matthews, Thomas Beard and John Peebles of Colliers | South Carolina.<\/p>\n

Red Rock is the exclusive developer for speculative and build-to-suit buildings at the park and plans to eventually complete more than 5.9 million square feet of Class A industrial space in the park. The property covers 761 acres in Calhoun and Lexington counties.<\/p>\n

The company is privately held and has developed more than 30 million square feet of Class A industrial and office space.<\/p>\n

Can\u2019t build fast enough<\/h2>\n

At an overall vacancy of just 4.2 percent, the metro Columbia industrial space market is tight, with new buildings not being completed quickly enough to satisfy demand, following a 2021 that saw barely more than 300,000 square feet being delivered, according to a fourth-quarter report from Colliers.<\/p>\n

Absorption could have been higher had there been the space to absorb, so tenants are increasingly looking at leasing space a year or more in advance of buildings being delivered, the report adds. On the other hand, Colliers is tracking a development pipeline of at least 1.8 million square feet to be built this year and next.<\/p>\n

A year ago, Red Rock teamed up with Westport Capital Partners<\/strong> on the former\u2019s first project in metro Richmond<\/a>, Va., a 353,000-square-foot Class A building intended for manufacturing or logistics users. The project is in Meadowville Technology Park, which is owned by the Chesterfield Economic Development Authority.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project is the first speculative distribution facility at the company\u2019s Sandy Run Industrial Park.<\/p>\n","protected":false},"author":882,"featured_media":1004575429,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,21748,21742],"tags":[35498,40701,36227],"class_list":["post-1004575421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-industrial","category-latest","tag-colliers","tag-red-rock-developments","tag-westport-capital-partners-llc"],"acf":[],"yoast_head":"\nRed Rock Begins Work on SC Distribution Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Red Rock Begins Work on SC Distribution Facility\" \/>\n<meta property=\"og:description\" content=\"The project is the first speculative distribution facility at the company\u2019s Sandy Run Industrial Park.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-07T12:00:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:39:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Sandy-Run-Industrial-Park-facility.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"794\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/\",\"name\":\"Red Rock Begins Work on SC Distribution Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Sandy-Run-Industrial-Park-facility.jpg\",\"datePublished\":\"2022-04-07T12:00:36+00:00\",\"dateModified\":\"2022-12-09T10:39:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Sandy-Run-Industrial-Park-facility.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Sandy-Run-Industrial-Park-facility.jpg\",\"width\":794,\"height\":600,\"caption\":\"Sandy Run Industrial Park facility. 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