350,000-square-foot spec building planned for Richland County.

• Position: Pineview Trade Center in Richland County, South Carolina, Summit Real Estate Group

The Midlands' tight industrial real estate market will get a boost with a planned 350,000-square-foot speculative building at Pineview Industrial Park in Richland County.

Summit Real Estate Group is investing $28.6 million toward development of Pineview Trade Center, to be built on a 34-acre site at Bluff and Longwood roads and leased to a prospective businesses, according to a news release from the county.

County council approved the parcel's sale at it March 1 meeting and approved a 30-year fee-in-lieu-of-tax agreement with St. Louis-based Summit on May 17.

"Council is thrilled that the team at Summit Real Estate Group sees the same potential in the Pineview Industrial Park that we do," Richland County Council Chair Overture Walker said in the release. "The construction of a state-of-the-art facility makes it easier to find a prospective company to call Richland County home."

During the past 10 years, the county has purchased 991 acres for the industrial park and sold 412 acres to developers. The industrial park is home to fiberglass manufacturer Jushi USA, Miwon Specialty Chemical USA...