Serrus Capital Partners Corners Market on 29 Carolina Walk Condos
April 11, 2011
Greenville Investment Firm Makes First Columbia, First Block Acquisition of Real Estate
COLUMBIA, SC, – April 6, 2011 – A Greenvillle, SC, real-estate investment firm has cornered the remaining block of 29 high-rise, luxury condominiums in Columbia’s prestigious Carolina Walk, stutter steps away from tantalizing tailgating and thrilling football.
Serrus Capital Partners, a thriving real estate investment firm that arose during the mid-Recession, has made a strategic acquisition in Columbia of the remaining 29 condominiums at the prestigious Carolina Walk luxury development, adjacent to the University of South Carolina’s Williams-Brice Stadium.
“For years, Carolina Fans have been some of the best in the country and have been on the forefront of the college football game-day experience,” Serrus co-founder Leighton Cubbage said. “With our ‘across the street’ location, the convenience of same-level parking and our entertainment venue, we believe ownership here will be very rewarding and a hassle-free experience.”
Carolina Walk blends luxury living, reserved game-day parking, a tailgating plaza, and a game-day party deck with the thrills of Gamecock football. The high-rise condominiums range from one- , two- and three-bedroom condominiums. Amenities include same-level parking and options for fully decorated and furnished units, balconies or courtyards.
“The Carolina Walk condominium acquisition is a strategic investment opportunity for Serrus Partners, one that will provide Gamecock fans a once-in-a-lifetime opportunity for luxury living,” Cubbage said.
Serrus Partners formed in 2009 to acquire residential and mixed-use housing in single or block purchases.
“Serrus envisions Carolina Walk’s opportune market prospects can attract not only discriminating buyers but also shrewd investors,” Serrus co-founder Mudge said.
Carolina Walk has only 29 units left with a variety of floor-plan options. The high-rise structure is a totally secure, gated facility.
The Carolina Walk facility has 125 residential condominiums in a seven-story high rise and more than 70 ground level (Tailgate Plaza) and eighth-floor (Level 8 Club) reserved tailgate parking spaces. All new condominium and tailgate space owners will have access to “The Upper Deck”, a 20,000 square-foot, open-air entertainment pavilion nine stories above the crowd. There are also four large flat-screen televisions, a bar, large restrooms, and tables and chairs. The Upper Deck can host as many as 900 people at a time enjoying the view and game-day fun.
The Upper Deck provides a striking vista of Downtown Columbia, Williams-Brice Stadium, and the entire game-day experience. In addition, each condominium owner will include two “same-level” parking places in an attached parking facility. Owners can drive to the floor of their condominium in a parking garage and be within steps of the football stadium.
Carolina Walk adjoins the Columbia Farmers Market, which is undergoing extensive landscaping and facility renovation. The adjacent former S.C. Farmer’s Market is being renovated by USC into a large green space. The Farmers Market re-development increases the beauty and values of the area adjoining the Carolina Fairgrounds complex.
About Serrus Partners
Serrus Capital Partners is a real estate investment firm that has designed a systemic asset-management process that is measurable, scalable and repeatable. The Simpsonville, SC-based Serrus Partners uses proprietary software to track each step in due diligence and then renovates its acquired properties. It adheres to the highest restoration standards in its efforts to re-develop properties and raise community values. In many cases, Serrus strives to pay cash for properties in order to complete acquisitions within a week. For more information, please visit www.serruscapitalpartners.com.
