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State picks CBRE to aid in surplus property sale

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By Matthew Clark
mclark@scbiznews.com
Published Feb. 16, 2016

The state of South Carolina plans to unload nearly 690 acres of surplus property across the state, and they have picked CBRE Group Inc. as the sales agent for those properties.

boulevard 2-16 map
A state-owned 10-acre parcel in the Columbia Industrial Park near I-77 and Bluff Road is listed for $130,000. (Image/Provided)
The selection by the state Department of Administration comes two months after CBRE presented a report on the state’s real estate portfolio which examined more than 500,000 acres of land and approximately 7,800 buildings across the state. None of the properties listed for sale were included in the December report to the state.

According to the Department of Administration, CBRE will be the agent for the sale of more than 45 surplus properties, including 13 in the Upstate, three in Columbia, a three-story office building in North Charleston and five vacant lots in Dillon.

“The potential to expand economic development and reduce the state’s maintenance expenses will greatly benefit taxpayers,” said Marcia Adams, executive director of the Department of Administration, in a statement.

The properties in Columbia include 10 acres in the Columbia Industrial Park, 2.65 acres at the northeast corner of Interstate 20 and Farrow Road, and 6.5 acres at North Brickyard and Farrow Road. The office building in North Charleston once housed the Department of Public Safety, and one of the Upstate properties is a five-building complex located on Laurens Road in Greenville. The total sales price for all of the properties is $11.4 million.

Gov. Nikki Haley said the state needs to look at inefficiencies and ways to implement space standards for state buildings. In December, the CBRE report recommended the state sell eight properties, including the Rutledge Building in Columbia and three properties in the Upstate, all of which housed S.C. Department of Employment and Workforce offices. The report also recommended consolidation of state operations in Charleston to a newly-built office building on state-owned property and renovation of the Department of Transportation offices at 252 S. Pleasanburg Drive in Greenville.

Haley said any money generated from the sale of surplus property will be turned around and used to offset deferred maintenance costs or lease payments of other state facilities. The evaluation of state property will be an ongoing process, she said.

“I want the list going. I want the property out the door. I want us to start really taking that cash and being smart with how we spend it,” Haley said in December.

CBRE said its Columbia-based commercial real estate brokers, Ben Brantley and Martin Moore, will work with the company’s Public Institutions and Education Group on the sale of the 45 properties. CBRE had already set up a website with all of the properties and their information.

List of state-owned properties for sale

Address

309 W. Whitner St.

18 Hazel Drive

353 Highway 28 Bypass

205 E. DeKalb St.

101 Mable T. Willis Blvd.

317 Summit Drive

440 S. Church St.

1228 Fincher Road

440 N. Duncan Bypass

900 College St.

1555 Middleton St.

Bettis Academy Road

U.S. Highway 78, Airco Boulevard

Atomic Road

1209 Trail Road

565 Country Club Road

8740 Northpark Blvd.

1401 Main Road

Huntington Drive

1301 Bay Shadow Road

Knotty Pine Road

1401 E. Dargan St.

1400 E. Dargan St.

1201 E. Dargan St.

1205 E. Dargan St.

1207 E. Dargan St.

708 Columbia Road

Ethridge Road

Horry St.-U.S. 701

1439 Laurens Road

U.S. Route 378

5212 Main St.

Daisy Couch Road

Old Colony Road

3960 Springhill Road

Highway 9

Highway S-88

S.C. 81

Highway 107

662 Glassy Mountain Road

395 Fire Tower Road

Interstate 20 and Farrow Road

The Boulevard

North Brickyard, Farrow Road

1212 Louis Leconte Road

1699 Victor Hill Road

1318 Goldmine Road

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SOURCE: CBRE Group Inc.

Reach Matthew Clark at 864-235-5677, ext. 107, or @matthewclark76 on Twitter.

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