Business report

Commercial Real Estate Transactions Include Historic Building > Columbia Business Report

A historic 1,848 square foot home turned office at 2001 Park St. in Columbia has been sold to law firm Holler Garner.

South Carolina Necklaces Mary Winter Teaster represented the seller Lumbergates LLC.

The property is located in the Arsenal Hill section of the city, an area listed on the National Register of Historic Places and near the Governor’s Mansion and the Federal Courthouse.

2001 Park St. may be Columbia’s oldest existing structure, as it is believed to have been built in 1791, according to Historic Columbia. The building has undergone extensive renovations over the years. Its Federal-style architecture, popular from the 1780s to the 1820s, is still visible.

Whitener and Wharton PA, a commercial transaction law firm, previously occupied the building for more than 25 years. Holler Garner’s practice areas include personal injury, criminal defense, family relations and motor vehicle accident.

“It has been a pleasure working to find a new owner for 2001 Park St.,” Teaster said in a press release from Colliers South Carolina. “The excellent collaboration and cooperation between the seller and the buyer as well as the history of the building made this transaction memorable. “

DSV leases Flintlake Road industrial property

Storage Solutions Company DSV leased 209 Flintlake Road, a 122,419 square foot industrial building on 22 acres in northeast Colombia. This is the company’s fourth third-party logistics warehouse in the Colombian market.

Chuck Salley, Dave Mathews, Thomas Beard and John Peebles of Colliers South Carolina represented Weston Inc. in the transaction.

Based in Cleveland, Weston is a commercial real estate owner and developer with nearly six million square feet of assets in South Carolina, making him one of the largest private industrial owners in the state. The Flintlake Road property is part of its Southeast industrial property portfolio.

“Weston is delighted to have DSV join us at our Flintlake Road site,” said Eileen McConville, asset manager for Weston. “The location is well situated with its proximity to I-77 and I-20, and we are delighted to have been able to include DSV in our portfolio.”

Grant Butler of Colliers is the property manager for 209 Flintlake Road.

Lancaster Dollar General sold for $1.2 million

A single-tenant Dollar General at 501 East Arch St. in Lancaster was recently sold for $1.25 million in a deal managed by Blue West Capital. Zach Wright of Blue West represented the seller, a Florida-based institutional and development company. The buyer was a New York-based 1031 stock exchange investor.

The 10,640 square foot Dollar General property, built in 2011, is located in the Charlotte Metropolitan Statistical Area and approximately 40 miles south of downtown Charlotte.

“These equity investors continue to aggressively pursue Dollar General properties because of their low prices, superior credit and triple net leases,” Wright said. “Investors pay premiums for well-located stores with good population density and an attractive economy.”

Contact Christina Lee Knauss at 803-753-4327.