Aug
03

DTZ Brokers Columbia’s Crown Pointe Office Building

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crown pointeDTZ has announced the sale of Crown Pointe, a Class A office building in Columbia, SC. The building is one of only 10 multi-tenant, Class A office buildings built in Columbia since 2000, and is fully leased to Allstate, CGI Technologies and Sharp Corporation. DTZ Managing Director Rob Cochran and Associate Vice President Jared Londry brokered the transaction on behalf of the seller, Charleston, SC-based developer Durlach Associates.

The buyer, real estate investment firm East West Capital, has been on an acquisition spree in the Carolinas since the firm’s inception in 2013. After closing on several residential land deals in the Asheville, NC, market, the firm expanded its focus to the Charlotte office sector, purchasing the Boxer Building and the Carolina School Supply building on West Morehead Street in two separate transactions. Crown Pointe is East West Capital’s first acquisition in South Carolina, and the firm continues to look for opportunities throughout the Southeast.

“This is East West’s third major acquisition in the Carolinas in the past 10 months,” commented Mr. Londry. “Coming on top of their purchase of the historic Carolina School Supply Building in 2014 and the Boxer Building in March of this year, this latest transaction reinforces their position as an emerging regional player in the Carolinas, and we expect that they will continue to expand their portfolio in the near future.”

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