Colliers International’s D. Ralph Settle, II and Lyn Tyner represent seller in downtown Spartanburg office transaction
May 4, 2020
Brokerage Associates D. Ralph Settle, II and Lyn Tyner represented the seller, Zephyr II, in the sale of ±8,621 square feet of office space across from the Montgomery Building at 234 N. Church Street in Spartanburg.
The purchased property consists of a two-story office building on ±1 acre of land. The building features an open floor plan adaptable for a variety of uses with several private offices and conference rooms as well as two adjacent parking lot areas.
The buyer, 234 N. Church Street LLC, plans to make capital improvements to the building and secure a new tenant after the existing lease expires in July of this year.
234 N. Church Street is within walking distance to many retail and dining options as well as city landmarks such as the newly redeveloped Montgomery Building, Chapman Cultural Center, USC Upstate George Dean Johnson School of Business, new Spartanburg County Courthouse and Morgan Square.
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.
