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| Bank of America Plaza, 101 North Main Street, Downtown Greenville, SC |
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| Ryan Clutter |
CHARLOTTE, NC –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $22.5 million sale of
and assisted in arranging $17.3 million in financing for Bank of America Plaza, a 15-story, 196,152-square-foot, iconic
office tower in Greenville, South Carolina.
HFF marketed the property
on behalf of the seller, Hughes Development Corporation. RealOp Investments purchased the asset and
was assisted by HFF in securing the $17.3 million, floating-rate acquisition
loan.
Bank of America Plaza is
located at 101 North Main Street in downtown Greenville, which anchors ONE City
Plaza in the center of Greenville’s award-winning Main Street. Other nearby amenities include Falls Park,
Fluor Field, The Bon Secours Wellness arena and numerous dining and shopping
options.
The building was
extensively renovated in 2014 and features direct connectivity to the adjacent
Aloft Hotel and its WXYZ bar, as well as two parking structures on either side
of the building.
Additionally, tenants have
access to a new fitness center complete with locker rooms and showers. Bank of America Plaza is roughly 80 percent
leased to tenants, including IBM, Bank of America, iHeartMedia and Next on
Main, a creative office hub that caters to Greenville’s entrepreneurial
workforce.
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| Scot Humphrey |
The ground-floor retail component of the
building is home to Methodical Coffee, TAZ Boutique and the iStore, an Apple
reseller.
The HFF investment sales
team representing the seller was led by senior managing director Ryan Clutter, director Scot Humphrey, associate director Chris Lingerfelt and real estate
analyst Zach Drozda.
“Bank of America Plaza is
an exceptionally well located office building in the heart of downtown
Greenville, South Carolina, one of the more dynamic markets in the state,”
commented Clutter.
“Investment capital was attracted to the
asset’s compelling features and the notable economic growth occurring in
Greenville. We anticipate steady demand
for Greenville investment opportunities in 2017 and beyond as the region
continues to post favorable trends appealing to investors.”
HFF’s debt placement team
was led by senior managing director Travis
Anderson and director Brent Bowman.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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