Feb
10

RealOp Investments Acquires Columbia Office Building

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7499 ParklaneRealOp Investments has completed the purchase of 7499 Parklane Road, a Class-B suburban office asset in the northeast submarket of Columbia, South Carolina. The 48,678 SF single-story, multi-tenant property is located on 5.25 acres with ample parking to accommodate office and flex users. RealOp completed the purchase mid-December.

RealOp, along with Roger Winn of NAI Avant, completed 9,014 square feet of leasing during due diligence taking occupancy from 56% to 74% prior to closing. An additional 7,323 square feet of renewal activity was also completed during this time period, providing the asset with greater long-term stability. Roger Winn will continue representing RealOp on vacant space which ranges from 1,500 to 4,000 square feet.

Dail Longaker of NAI Avant was the sole broker in the transaction. Kyle Putnam, Chief Investment Officer of RealOp, noted, “We are pleased to continue expanding our presence in the Columbia marketplace and feel that this asset represents the core strategies of our organization. This acquisition allows us to increase our footprint, particularly in the office sector, throughout the Carolinas and furthers our initiative to strategically deploy capital toward value-add opportunities.”

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    Categories : Columbia

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