CBRE brokers sale 15 South Main in Greenville, SC
December 14, 2016
CBRE Group, Inc. has arranged the sale of 15 South Main in Greenville, SC. Patrick Gildea, Will Yowell and Tripp Sellers exclusively represented the seller, an affiliate of Five Mile Capital Partners, LLC, in the transaction. The property sold to Little Rock, Arkansas-based CapRocq Core Real Estate Fund on December 2, 2016.
Located in the heart of the vibrant Greenville CBD, 15 South Main is a mixed-use asset consisting of office space, street-level retail and a separate residential portion with luxury apartments and retail. The Greenville CBD office market has witnessed annual rent increases of 8.2% for the past three years and declining annual vacancy rates for the past four years.
Patrick Gildea commented, “The sale of 15 South Main was extremely competitive, attracting capital from around the United States. This displays the emergence of Greenville as a target for institutional capital.”
Anchor tenants include Jackson Lewis P.C., Arthur J. Gallagher Risk Management, Charles Schwab, Sticky Fingers Smokehouse and Port City Java.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
