Transwestern Named Exclusive Sales Agent For Downtown Columbia, SC Bank of America Plaza

Investment sales group tapped to market 300,000 square foot Class "A" office asset in Columbia's CBD

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Jul 11, 2012, 08:19 ET

ATLANTA, July 11, 2012 /PRNewswire/ -- Transwestern's Southeast Investment Sales Group today announced that it has been named the exclusive agent for the sale of Bank of America Plaza, a 303,156 square foot, Class "A" office building located at 1901 Main Street, Columbia, South Carolina, on behalf of Lincoln Harris, the property's receiver. A call for offers will be made on July 25, 2012.

"Bank of America Plaza presents a value-add opportunity for an investor seeking a high-quality office asset that can generate solid returns on in-place income and presents significant upside potential," said Transwestern's Kevin Markwordt. "This, combined with the property's strategic location in Columbia's tight office market and diversified economy, are strong selling points for a potential buyer."

Totaling 17 stories, Bank of America Plaza is 70 percent leased. The building is anchored by Bank of America, occupying 62,675 square feet, and is home to several other blue-chip quality tenants in the finance, insurance, legal, government and real estate industries, including Turner Padgett (38,493 square feet), Wells Fargo (16,424 square feet), and NAI Avant (13,615 square feet). The building currently has 94,116 square feet of office space available.

Bank of America Plaza neighbors several government centers, the University of South Carolina campus and a strong amenity base. The property is the closest Class "A" tower to Interstate 126 and US 277, the primary ingress and egress routes to and from the Central Business District.

The multi-tenant high-rise is crafted with a gabled roof and exterior of polished granite and tinted glass. Building amenities include full-service dining and catering, a complimentary fitness center, on-site dry cleaning services, a plaza sundry shop, full-service banking, a mailroom with FedEx and UPS drop boxes, around the clock security and a three per 1,000 square foot parking ratio. Bank of America Plaza is the first building in South Carolina to be awarded LEED® for Existing Building Gold certification. For additional property information, contact Kevin Markwordt at 404.842.6508.

Transwestern's Southeast Investment Sales Group based in Atlanta consists of Markwordt, Jon Kleinberg, and Mike McGaughy, managing directors. The team offers clients more than 70 years of combined experience and a successful track record of marketing and selling income-producing assets valued at more than $3 billion throughout the Southeast. Their experience ranges from multi-building portfolios to single assets, and their investor clients range from major institutions and regional investors to local entrepreneurs and 1031 tax exchange sellers. For more information on the team, contact Jon Kleinberg at 404.842.6506.

ABOUT TRANSWESTERN

Transwestern is a privately-held operating company specializing in commercial real estate services, investment and development. The firm's fully integrated approach delivers value to owners, investors and users of commercial real estate through innovation, penetrating market intelligence and legendary service delivered by teams of local experts. Transwestern has product specialties in office, industrial, retail, multifamily and healthcare and is an industry leader in sustainability solutions and in market research through its affiliate, Delta Associates.

SOURCE Transwestern