Colliers International’s Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard and John Peebles represented Carolina Industrial Properties in a ten-year lease extension for Alpha Media at 1900 Pineview Road in Columbia.
“The ownership agreed to make substantial improvements to the property that will serve Alpha Media for many years. Alpha Media is a great asset for Columbia,” said Chuck Salley, Vice President & Director of Industrial Brokerage Team in Colliers International | South Carolina’s Columbia office.
1900 Pineview Road is a 10,320-square-foot single-story office building. The Colliers brokerage team procured the sale of the building in 2017 from iHeartMedia, Inc. The tenant, Alpha Media, is a radio station holding company that operates nearly 200 radio stations across the United States.
About Colliers International
Colliers International | South Carolina has over 150 staff members, including 60 real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. Total 2018 brokerage volume exceeded $577 million, which included over 505 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 12 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 46 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 global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.