CBRE Represents Seller of Stoneridge Office Park
July 29, 2014
COLUMBIA, SC – CBRE| Columbia is pleased to announce the sale of the Stoneridge Office Park, a three-building office park at 220, 240 and 246 Stoneridge Drive in Columbia, South Carolina. The Park is located in the St. Andrew submarket. The office team of CBRE|Columbia, working with the CBRE office in Charlotte represented the buildings’ seller.
The three Class-B four-story buildings collectively total 185,094 rentable square feet and are 76.5% occupied. They were constructed in 1974, 1980, and 1984 on four parcels totaling 14.98 acres. The Park features excellent visibility from I-126 and is easily accessible from Stoneridge Drive. Major tenants include Siemens, Eaton, CH Robinson and Fortis College.
“This sale further demonstrates the flow of investment capital to South Carolina,” said Martin Moore, CCIM, SIOR, and Executive Vice President of CBRE|Columbia. “The property generated interest from regional, national and international buyers.”
The sales price was $8,550,000.
About CBRE|Columbia
CBRE|Columbia is a CBRE affiliate office serving South Carolina. The firm assists real estate owners, investors, and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services, investment management; research and investment strategy and consulting. Please visit our website at www.cbre.com/columbia.
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 (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
