Private SC real estate developer breaks ground on new building near airport
A South Carolina-based real estate development group has broken ground on a 120,000 square-foot industrial building, another piece in its larger plan for an industrial park next to Columbia Metropolitan Airport.
Magnus Development Partners, a private developer, announced the groundbreaking of its latest industrial complex in a press release Wednesday. The new building marks the third of four that the company plans to add on a little over 50 acres next to the airport.
The company already has two fully-leased buildings, both at more than 250,000 square feet, and intends to begin work on the fourth and final building in 2026, the release said. The land sits east of the airport, squished between it and Interstate 26.
“The continued momentum and growth across the Columbia market is energizing as we continue development in Lexington County and across the Midlands,” Magnus partner Bill Owen said in a statement.
The private industrial park, separate from the county, will join three county-held industrial parks across Lexington: Saxe Gotha Industrial Park, Batesburg-Leesville Industrial Park and Chapin Business and Technology Park at Brighton. The last of which, in Chapin, sits vacant more than seven years after being completed. As of 2020, Lexington County had spent more than $16 million on the property and has poured hundreds of thousands of dollars into its upkeep and maintenance.
Manufacturing is the third-largest industry in Lexington County, behind retail and health care.
Magnus Development has pitched its industrial park, coined 803 Park, as significant because of its access to interstate, train and air. The company also pointed to its proximity to the coast. The land sits in what’s known as a foreign trade zone, meaning that manufacturing companies would have the option to receive an FTZ designation, which could save them money on duties and taxes.
