Wilson Kibler, a full-service commercial real estate firm headquartered in Columbia since 1987, announced today George McCutchen, CCIM, SIOR, a principal in the firm, has been recognized by CoStar Group Inc., the leading provider of commercial real estate information and analytics, for representing three of the largest leases signed in the Columbia market during second-quarter 2020. According to CoStar Group, McCutchen represented local landlords in leasing a total of ±113,200 square feet of industrial space during the second quarter, despite the ongoing social distancing measures resulting from the COVID-19 pandemic.
McCutchen and fellow Wilson Kibler Senior Associate James Rogers facilitated the largest quarterly industrial lease, representing the landlord in a ±67,000-square-foot transaction at 825 Garland Street in southeast Columbia. DSV Solutions, a global supplier of transport and logistics services with over 90 offices and facilities nationwide, plans to occupy the space, which will be its third location in the Columbia market.
McCutchen was also recognized for representing the landlord of 650 Rosewood Drive, also in southeast Columbia, in a 29,000-square-foot lease expansion for materials supplier Independence Materials Group (IMG). IMG recently leased 41,000 square feet in the same building, but quickly outgrew the original space.
The third transaction recognized by the commercial real estate analytics leader was a 17,200-square-foot lease and expansion, again represented by both McCutchen and Rogers, signed at 130-140A Corporate Park Boulevard in north Columbia. A current tenant, siding contractor CS Exteriors, expanded its building footprint by 10,000 square feet, while Fastenal, an industrial supplier, moved into a vacant 7,200-square-foot portion of the building.
When asked about the impact the COVID-19 pandemic has had on the velocity of transactions in the market, McCutchen said, “While we are facing very challenging times, we are glad to see our clients continuing to grow their operations in Columbia. It’s satisfying to contribute to others’ success by getting them into the best locations for their businesses. We are thrilled to see this kind of momentum in the industrial market despite everything that’s been going on, really without signs of slowing.”
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