First Citizens Bank & Trust is gauging buyer interest in four properties it owns near the intersection of Park and Lady streets in downtown Columbia.
The properties include the 85,000-square foot building and 2.31-acre lot at 1015 Lady St., which is now the bank’s South Carolina service center, along with a stand-alone drive-through ATM, additional parking, and a 10,400-square-foot warehouse at 911 Washington St.
Listed by Colliers International, the properties will become available to qualified purchasers on April 25. Interested buyers can sign up to submit a Request For Proposal and take a virtual tour of the properties at a sneak peek feature on the company’s website.
“We’re exploring the option of selling the property,” First Citizens corporate communications manager Angela English said. “It’s really a preliminary exploration of an option. The (1015 Lady St.) facility is quite large for our current staff.”
English said there was no one factor that led First Citizens to decide to test the market waters now.
“It was part of an evaluation,” she said. “We’ve been working with Colliers, and as you can imagine, it’s a prime location downtown, so we do expect interest.”
As to how much interest would motivate First Citizens to sell, English said it’s too early to say.
“We’ll work closely with our real estate partners and just see what the response is, and evaluate it accordingly,” she said.
The potential sale and potential redevelopment of the properties will continue the transformation of Columbia’s downtown and the Vista area. Earlier this month, iconic local businesses Flooring by Cogdill and Cromer’s Peanuts announced plans to sell their 3.25-acre property and 43,350-square-foot retail and warehouse building at 1700 Huger Street. That property is also listed with Colliers, for $5.45 million.
In 2014, Greenville developer Homes Urban LLC, acquired 6.7 acres at the corner of Gervais and Huger streets and announced plans for Kline City Center, a $100 million, mixed-used development that will feature as many as 350 apartments, a 140-room hotel, office and retail space, and a parking garage with up to 850 spaces.