Grubb & Ellis – Office and Industrial Space At Rivermont Park Closes
January 15, 2008
COLUMBIA, SC – January 15, 2008 – Grubb & Ellis|Wilson Kibler, one of the leading providers of integrated real estate services, is pleased to announce the sale of the office and industrial space at Rivermont Park.
Angora Columbia Enterprises, Inc. has just completed the sale of its six buildings totaling 222,100 square feet on fourteen acres located on I-126 at Greystone Boulevard in front of the Riverbanks Zoo. The property was subdivided and sold to three different purchasers. Angora was represented by Jeremy Wilson, CPM, CCIM and Ted Pitts, CCIM of Grubb & Ellis | Wilson Kibler. The sales price of the three transactions totaled $6,030,000.00. The 350 and 420 buildings were purchased by the Riverbanks Zoo, the 414 Rivermont Drive building was purchased by Spectra True Colour, Inc. and the 500, 550 and 600 buildings were purchased by Rivermont Drive Properties, LLC.
About Grubb & Ellis
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges, public non-traded real estate investment trusts (REITs) and real estate investment funds. As of September 30, 2007, nearly $3 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 214 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation’s Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit www.grubb-ellis.com.
