May
14

Columbia’s AgFirst Building Sold

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The iconic downtown Columbia office building that served as the home of AgFirst Farm Credit Bank for nearly 80 years has been sold. The name of the buyer has not been disclosed and neither has the sales price for the 118,000-square-foot building at 1401 Hampton St. The property was valued at $6.7 million for tax purposes, according to the Richland County Assessor.

Earlier, in spring, AgFirst moved 380 employees to the Bank of America Plaza, 1901 Main St. The firm located its information technology staff in a second structure nearby on Calhoun Street. AgFirst bought the 303,000-square-foot, 17-story Bank of America tower in September 2012 for $26 million. AgFirst planned to occupy about 100,000 square feet of the tower.

Matt Kennell, president and CEO of City Center Partnership, said he was “pleasantly surprised” to hear that the former AgFirst building sold within weeks after it had been vacated. “It reinforces what we already are feeling — that the occupancy of office space downtown is very high, the occupancy of residential space is very high,” Kennell said. “There are not a lot of opportunities for people who want large-scale sites.”

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