Business report

Toymaker Buys Orangeburg Building for $12.75 Million > Columbia Business Report

toy maker fly bar purchased a 361,526 square foot industrial building in Orangeburg for $12.75 million.

The building, located at 2500 Rowesville Road, was acquired by Reger Holdings LLC in May 2020. LCK project managers Dale Stigamier and Don Record oversaw improvements such as repairing gates and replacing a concrete rail loading dock on the property.

The sale to Flybar, founded in 1918 and the first company to manufacture pogo sticks, was facilitated by Necklaces | Caroline from the southof Chuck Salley, Dave Mathews, Thomas Beard and John Peebles, who represented Reger in the transaction.

Flybar, which now manufactures nearly 400 products including skateboards, scooters and sleds, will occupy 185,260 square feet of the building. The remaining space is leased to another tenant.

“Flybar needed a central location with port access on the east coast to import and distribute its product,” Salley, vice president and manager of Colliers’ Columbia’s industry brokerage team, said in a statement. the society. “Located midway between New York and Miami, 2500 Rowesville Road is less than an hour from the Port of Charleston and offers direct access to four freeways within a 30 minute drive.”

Reger, headquartered in Western New York, invests in commercial and industrial properties and mixed-use developments. In 2020, the company sold an industrial portfolio of 37 properties in South Carolina to Weston Inc. in the state’s largest commercial real estate transaction in at least 10 years, according to Commercial Property Analytics Group. CoStar.

In other recent Colliers transactions:

  • Tommy Johnson represented Century Credit Corp. and DXC Technology in the sale of an 85-acre office campus consisting of 456,150 square feet of improvements at 10301 Wilson Road in Blythewood to Jack Lingo Asset Management LLC.
  • Salley, Mathews, Beard and Peebles represented the buyer and seller in the investment sale of an 18,000 square foot industrial building at 200 Commerce Drive in Columbia for $1.1 million.
  • Henry Roe and Allen Wilkerson represented ROIB 1301 Gervais LLC in leasing 6,499 square feet of office space at 1301 Gervais St. in Columbia to McGuire Woods LLP.
  • Wilkerson and Roe represented ROIB 720 Gracern LLC in the expansion and lease renewal of 11,463 square feet of office space at 720 Gracern Road in Columbia for Jim Hudson Automotive Group.
  • Tommy Tapp represented Goodwin & Epps Properties LLC in the sale of a 4,125 square foot office building at 2827 Millwood Ave. in Columbia to Sungold Co. LLC.
  • Crawford Prezioso represented Grommet LLC in the purchase of No Name Deli, a 2,900 square foot retail property located at 2040 Main Street in Columbia.
  • Tapp represented Shaw Family Co. in connection with the leasing of 2,450 square feet of office space to McCain Orthopedic Center LLC and 2,228 square feet of office space to Carolina Physical Therapy and Sports Medicine at 1518 and 1520 Pickens St. in Columbia.
  • Johnson represented Park Place 440 LLC in the leasing of 2,364 square feet of office space at 440 Knox Abbott Drive in Cayce to SC Coalition Against Domestic Violence and Sexual Abuse.
  • Tapp represented DMP of Lexington LLC in connection with the leasing of 1,896 square feet of office space at 7328 Broad River Road in Irmo.
  • Tripp Bradley represented South State Bank in the sale of 67.5 acres of land on Augusta Road in Lexington to Sixty Two Acre LLC for $2 million. Bradley also represented Shah and Shah Investments LLC in the sale of 5.4 acres of land at 3096 Sunset Blvd. in Lexington to Charleston Investco LLC for $1.4 million and to Gilbert Brothers Inc. for the sale of 2.96 acres of land on Dutch Fork Road in Columbia to MPG Arden LLC.
  • Ryan McCue represented the vendor in the sale of four farmlands in Marion and Dillon counties totaling 110 acres to Stafford Funding LLC.

Contact Melinda Waldrop at 803-726-7542.