Colliers International brokers purchase of 4.06 acres at Harden and Gervais for new student housing project
April 2, 2015
COLUMBIA, SC – Colliers International’s Tripp Bradley, CCIM and Neel Keenan represented the buyer, Peak Campus Development, in the purchase of approximately 4.06 acres of land at the intersection of Harden and Gervais streets. The land, which includes the former Greyhound bus station, was purchased as a result of an assemblage of three separate parcels from three sellers, and will be developed into a new student housing project.
This project is the latest in a student housing boom in Columbia in recent years, fueled by the student population growth at the University of South Carolina. The new multifamily complex will also anchor the redevelopment of the Gervais Street Corridor, which includes projects like the USC Law School and the conversion of Clarion Hotel to Hilton Garden Inn and Home2Suites.
Peak Campus Development intends to develop a student housing complex of 218 units with 660 beds, along with a parking facility which will accommodate up to 557 cars and 165 bicycles. The project will cost approximately $50 million. Construction will begin by the April 2015 with a delivery date by the start of the school year in August 2016.
Bradley, a Senior Brokerage Associate, specializes in retail land and site selection. Keenan, a Senior Vice President and Principal of Colliers International South Carolina, specializes in the sale of investment real estate and predevelopment land.
About Colliers International
Colliers International is a global leader in commercial real estate services, with over 16,300 professionals operating out of more than 502 offices in 67 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate occupiers, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals’ Global Outsourcing 100 for 10 consecutive years, more than any other real estate services firm.
Colliers International | South Carolina has over 160 staff members, including 60 real estate professionals. Total brokerage volume for the firm in 2014 was approximately $464 million involving over 900 sales and leasing transactions. Colliers International is the largest manager of commercial property in South Carolina and is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM), with a portfolio of approximately 12 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 53 professional designations, the most of any firm in South Carolina.
