September 12, 2017
The Tower at 1301 Gervais, Columbia has been sold. The sale was arranged by CBRE, according to a company press release issued Tuesday. The Tower is described by CBRE as a 298,926-square-foot Class-A office building.
RealOp Investments, LLC, of Greenville acquired the property from Morning Calm Management for $28,125,000. CBRE’s Patrick Gildea, Aaron Dupree, Martin Moore and Matt Smith represented Morning Calm Management.
The Tower at 1301 Gervais is currently 80% occupied and located in Columbia’s CBD submarket. Having recently undergone a $2 million renovation, the building has an upgraded fitness center, common area, restrooms and tenant spaces offering modern and open office environments. The 20-story building is a prominent feature in Columbia’s skyline, providing views and visibility, and is attractive to a diverse tenant base that spans across technology, education, government, law, real estate, insurance and other sectors. Anchor tenants include the University of South Carolina, South Carolina Chamber of Commerce, Cumulus Media, TM Floyd & Company, IT-oLogy, and Merrill Lynch.
The Tower offers tenants excellent walkability near