Colliers represents Marbro Realty, Inc. in a 1031 exchange transaction in Columbia, SCFebruary 8, 2023
Colliers | South Carolina’s Rox Pollard and John Gressette represented Marbro Realty, Inc. in the purchase of a retail property located at 3900 North Main Street in Columbia.
“The acquisition of this ±40,883-square-foot center on the vibrant North Main Street corridor in Columbia by our client Marbro Realty, Inc. was the second 1031 exchange transaction that we were able to assist our client in identifying and closing in 2022,” said Pollard. “Marbro Realty was immediately impressed with the quality of this property and how the North Main Street corridor is rapidly redeveloping. We are excited that our client was able to get this deal closed despite fluctuating capital markets and a highly competitive investment sales market.”
This property was fully redeveloped by the seller and placed back into near-new condition. Tenants at the center include O’Reilly Auto Parts, American Renal – North Main Kidney Center and Title Max.
Pollard is a Vice President and Director of Retail Services at Colliers specializing in the sale, leasing and development consultation of retail properties across the state. Gressette is a Brokerage Associate working with tenants, landlords, sellers and purchasers to lease, purchase and sell retail properties of all sizes
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 62 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers 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 over 18 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations 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 (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our more than 17,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. With annualized revenues of $4.3 billion and $65 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn