First Citizens Bank’s Vista district properties to make final calls for proposals

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After an extremely successful announcement in April and several months of marketing, the Colliers International brokerage team representing First Citizens Bank on the Park and Lady properties has announced that the last call for proposals will be August 26.

The Park and Lady offering, which consists of four parcels of land and buildings totaling approximately 4.67 acres and 95,000 square feet and located near the intersection of Park and Lady Streets in downtown Columbia, generated intense interest when it was brought onto the market in April of this year.  The properties, which can be purchased individually or collectively, are located in close proximity to a number of recent downtown Columbia developments, including apartments, student housing, hotels and redevelopments of historic buildings into modern restaurants and brewpubs in the Vista Entertainment and Arts District.

The Colliers team tasked with marketing the property, Tripp Bradley, CCIM, Craig Waites and Braxton Taylor, expressed confidence that the property will signal new development in the popular Vista District.

 “There is so much potential with these sites, being so close to the Vista and Columbia’s Central Business District,” said Bradley, a Senior Brokerage Associate with Colliers. “The sizes and locations of the First Citizens Bank parcels provide a wide range of possibilities and opportunities for developers and users alike. We are very excited to see what kinds of proposals the Bank receives on August 26.”

The August 26 deadline serves as the final opportunity for those who are interested in the Park and Lady properties individually or collectively to submit a proposal to First Citizens Bank. The Colliers team indicated that details on the proposal process, including information on touring the properties, can be accessed by downloading the Request for Proposal included in the sidebar of the property listing page, where interested parties can also request and access due diligence materials for all four properties.

Bradley, Waites and Taylor are all members of the Commercial Brokerage Team in Columbia, SC, specializing in the acquisition and disposition of land and development properties.

About Colliers International Group

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 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 help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 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 2015 was approximately $574.75 million involving over 767 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 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 56 professional designations, the most of any firm in South Carolina.