Tower at 1301 Gervais
CBRE brokered the sale of The Tower at 1301 Gervais, a 298,926-square-foot, Class A office building in downtown Columbia, S.C. Morning Calm Management sold the asset to Greenville-based RealOp Investments LLC in a $28.1 million deal.
Located at 1307 Gervais St., in the city’s central business district, the property recently underwent a $2 million renovation project with upgrades made to a 24-hour fitness facility, common areas, restrooms and tenant spaces that were transformed into modern, open office environments. The Tower at 1301 Gervais features a shared ground-level conference room, deli and catering service, on-site full-service bank and ATM and attached parking garage as well as an on-site security team.
CBRE’s team, led by Executive Vice President Patrick Gildea along with First Vice President Aaron Dupree, Senior Vice President Martin Moore and Capital Markets Analyst Matt Smith, represented the seller in the transaction. According to public records, the office tower last changed hands in December 2014, when Morning Calm Management acquired it for $21.1 million.
Diverse tenant roster
The Tower at 1301 Gervais was 80 percent occupied at the