Devine Street Property Sells. Colliers International | South Carolina represents buyer and seller in transaction
March 2, 2018
Colliers International | South Carolina represented the buyer and the seller of 2414 – 2418 Devine Street in Columbia, SC. Craig Waites, Braxton Taylor and Tommy Tapp, CPM represented the seller, Frank Hart, in the sale of the 4,000-square-foot office building and Colliers’ Taylor Wolfe represented the buyer. The purchaser of 2414 – 2418 Devine Street plans to complete extensive renovations on the building, creating attractive space for medical and office tenants.
Photo credit: Jeff Lewis AIA – Architect
Columbia’s office market is currently experiencing an influx of interest from tenants and investors making this property on the Devine Street corridor very desirable. While rental rates are at record-high levels and continue to increase, occupancy is also high and options for quality space are limited. Suburban submarkets, specifically those close to the CBD, are welcoming robust activity as some tenants look for lower occupancy costs and greater parking availability, all of which the 2414 – 2418 Devine property offers.
Waites, a Vice President with Colliers International South Carolina, is the Director of the Commercial Brokerage Team. Tapp is a Senior Brokerage Associate whose expertise is in the acquisition, disposition and leasing of office and retail properties. Taylor, a Brokerage Associate, is a member of the Commercial Brokerage Team with Waites, focusing on the sale and leasing of commercial land and properties. Wolfe is a Brokerage Associate who specializes in the sale, leasing and development consultation of office and retail properties throughout South Carolina.
About Colliers International
Colliers International | South Carolina has over 138 staff members, including 60 real estate professionals. Total brokerage volume for the firm in 2017 exceeded $750 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 at year-end 2017 of approximately 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 32 professional designations, the most of any firm in South Carolina.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
