{"id":1004634890,"date":"2022-12-12T04:57:14","date_gmt":"2022-12-12T12:57:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004634890"},"modified":"2022-12-12T05:01:11","modified_gmt":"2022-12-12T13:01:11","slug":"red-rock-developments-lands-full-building-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/red-rock-developments-lands-full-building-tenant\/","title":{"rendered":"Red Rock Developments Lands Full-Building Tenant"},"content":{"rendered":"<div id=\"attachment_1004634913\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Sandy-Run.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004634913\" data-attachment-id=\"1004634913\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/red-rock-developments-lands-full-building-tenant\/sandy-run\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Sandy-Run.jpg\" data-orig-size=\"803,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Sandy Run\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Sandy Run Industrial Park. Image courtesy of Red Rock Developments&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Sandy-Run.jpg?w=803\" class=\"wp-image-1004634913 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Sandy-Run.jpg?w=300\" alt=\"Sandy Run Industrial Park\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Sandy-Run.jpg 803w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Sandy-Run.jpg?resize=300,224 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Sandy-Run.jpg?resize=768,574 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004634913\" class=\"wp-caption-text\">Sandy Run Industrial Park. Image courtesy of Red Rock Developments<\/p><\/div>\n<p><strong>Red Rock Developments<\/strong> has preleased its first speculative distribution facility at Sandy Run Industrial Park in Columbia, S.C. <strong>Smart Warehousing<\/strong> signed a full-building lease for the 497,952-square-foot project that\u2019s expected to be completed in the second quarter of 2023.<\/p>\n<p><strong>Colliers<\/strong>\u2019 Chuck Salley, Dave Matthews, Thomas Beard and John Peebles represented Red Rock Developments in the transaction, while Smart Warehousing was represented by <strong>Lee &amp; Associates<\/strong>\u2019 John Sharpe and John DeCuto. Red Rock started site work on Sandy Run Industrial Park\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/red-rock-begins-work-on-sc-distribution-facility\/\">first building<\/a> in April, but officially started construction in June 2022, Beard told <em>Commercial Property Executive<\/em>.<\/p>\n<p>The Class A facility will be one of the market\u2019s largest speculative buildings, according to Red Rock. The cross-dock development will offer 36-foot clear heights, 56-foot by 52-foot interior bay spacing, 56-foot by 65-foot speed bay spacing, 200-foot deep truck court, 192 car parking spaces, 152 trailer parking spaces, LED lighting and an EFSR sprinkler system.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/optimistic-outlook-predicted-for-industrial-sector\/\">Optimistic Outlook Predicted for Industrial Sector<\/a><\/p>\n<hr \/>\n<p>Sandy Run Industrial Park will have direct access to I-26, while also being near I-20, I-77 and I-95. The industrial park\u2019s location in Calhoun County puts it near major tenants and regional hubs like an Amazon Distribution Center, Nephron Pharmaceuticals, the UPS Air Hub and the Columbia Metropolitan Airport.<\/p>\n<p>\u201cManufacturing is really the driver of our market, but we are seeing a lot more demand for distribution space,\u201d Beard, vice president at Colliers, told <em>CPE<\/em>. \u201cWe\u2019ve completed more lease transactions from a square footage standpoint with 3PL companies this year than ever before.&#8221;<\/p>\n<p>\u201c3PL activity is certainly a big driver for the tenant demand we\u2019re experiencing right now,\u201d Beard also told <em>CPE<\/em>, adding that there hasn\u2019t been any product to accommodate distribution tenants who are looking for something in the 300,000 to 500,000-square-foot range.<\/p>\n<h2>6 MSF of industrial space<\/h2>\n<p>While the first speculative building within Sandy Run Industrial Park has landed a tenant, Red Rock is planning to introduce a total of nearly 6 million square feet of Class A industrial space within the park. The developer is looking to construct more build-to-suit and speculative buildings within the 760-acre Sandy Run Industrial Park.<\/p>\n<p>Overall, Red Rock\u2019s development strategy focuses on build-to-suit\/lease projects, speculative development and industrial park development. The Columbia-based company has projects throughout the Southeastern, Mid-Atlantic and Midwest regions of the U.S., with a focus on industrial and distribution sectors in gateway markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Smart Warehousing will occupy the first speculative distribution facility at Sandy Run Industrial Park in Columbia, S.C.<\/p>\n","protected":false},"author":883,"featured_media":1004634913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,21748,21742],"tags":[35498,32762],"class_list":["post-1004634890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-development","category-industrial","category-latest","tag-colliers","tag-lee-associates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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