CoStar: Columbia Paces Brook Apartments Sold


LMS Real Estate Investment Management and Avison Young Commercial Real Estate acquired the Paces Brook Apartments at 113 Paces Brook Ave. in Columbia, SC from Harbor Group Management for $16.5 million, or about $63,000 per unit.

The three-story, 215,796-square-foot multifamily building was built in 1990 in the Columbia-Dutch Fork/Irmo submarket, near Columbiana Mall. The 260 units are comprised of 130 one-bedroom, 82 two-bedroom, and 48 three-bedroom apartments.

Porter Jones and David Gutting of Jones Lang LaSalle represented Harbor Group Management. Patrick Harwell with LMS represented the buyer group in-house.

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