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Real Estate - Commercial

Devine Street office building sells for $1.5 million

Real Estate - Commercial
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A 7,200-square-foot office building at 601 Devine St. has sold for $1.5 million.

A 7,2000-square-foot office building at 601 Devine St. has sold for $1.5 million after being on the market for three weeks. (Photo/Provided)The property was on the market for three weeks before going under contract, according to the Columbia office of commercial real estate firm Trinity Partners. The seller received multiple offers during the first week the property was listed before selling at its full asking price, illustrating the high demand for owner/user office buildings in Columbia’s central business district.

Trinity’s Nick Stomski and Macon Lovelace represented the seller, Legal Bull Properties on Blanding LLC. The seller’s related entity, the law firm of Whetstone, Perkins, and Fulda LLC, is relocating to 1303 Blanding St.

Main Street District leases new space

The Main Street District is relocating its headquarters to the 1441 Main St. office tower in Columbia.

The nonprofit, which manages the 36-block area bounded by Gervais, Elmwood, Assembly and Marion streets, provides public space management, marketing services and public advocacy as it works to facilitate economic development and recruit new business.

Tommy Johnson of Colliers | South Carolina represented building owner Glenfield Capital, a private real estate investment firm based in Atlanta, in the lease of the space at Suite 803.

“Glenfield is excited to welcome the Main Street District as it relocates its office to 1441 Main,” Johnson said in a news release from Colliers. “We were delighted to work with the organization to secure top-quality office space within the Main Street District to best serve its member businesses and community.”

1441 Main in a 265,000-square-foot Class A high-rise on the corner of Main and Hampton streets.  “When evaluating options for our office, 1441 Main was the clear choice,” Matt Kennell, president and CEO of Main Street District, said. This location allows us to serve our constituents in the heart of the Main Street District and showcases the tremendous cultural, restaurant, retail, residential and hospitality assets our mission has endeavored to create and support since our inception.”

Colliers’ Jonathan Harvey leads an onsite property management team that includes an assistant property manager, building engineer and technician.

Orangeburg shopping center purchased

JDM Asset Management has purchased North Fork Crossing shopping center, located at 2551-2565 North Road in Orangeburg. The purchase took place through a separate ownership entity, 2035 Broad LLC, and is JDM’s first acquisition in South Carolina.

The 16,770-square-foot shopping center went on the market on Nov. 21, 2021. Built in 2015, the six-unit center is 100% occupied. Anchored by Dollar Tree, the center also includes national tenants T-Mobile, H&R Block and 1st Franklin Financial.  

The purchase completes a 1031 exchange for JDM following the sale of a 9,500-square-foot retail property in Richmond, Va., for $1.7 million.

The seller was represented by Andrew Margulies of Marcus & Millichap. Buyer financing was secured through Riley Manke of Walker & Dunlop.

 

Reach Melinda Waldrop at 803-726-7542.

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