Colliers International brokers $3.1-million investment sale in Columbia and is hired for property management by new owner
May 27, 2020
Colliers International’s Neel Keenan brokered the sale of 151 Westpark Boulevard to Westpark Realty, LLC for $3,125,000. Keenan represented the seller, L-H Development Partners, LLC.
151 Westpark Boulevard is a 49,450-square-foot office building on 5.27 acres in the Saint Andrews submarket of Columbia. The property is fully leased by the Federal Bureau of Investigation.
“Colliers was committed to working through the process of exposing this property to the investment market with limited and safe showings in an uncertain period and state of the nation,” said Mike Penland, general partner of L-H Development. “Despite the threat of COVID-19 to the economy, Colliers was able to produce multiple offers in a short period of time that resulted in a quick sale of the property.”
Colliers | South Carolina’s Real Estate Management Services provided property management of the building for L-H Development Partners and will continue to do so for Westpark Realty.
Keenan is a Senior Vice President in Colliers | South Carolina’s Columbia office specializing in the sale and acquisition of investment properties.
About Colliers International
Colliers International | South Carolina has over 150 staff members, including 65 licensed real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. Total 2019 brokerage volume exceeded $419 million, which included over 452 sales and leasing transactions. In addition to traditional commercial real estate representation services for our clients, the company is actively engaged in Corporate Solutions and Healthcare Services. Colliers International is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina, with a portfolio of nearly 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff hold 44 professional designations, the most of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
