Columbia, SC – Mar. 10, 2017 – Boston based, Albany Road Real Estate Partners, finishes first of three planned renovation projects at 1333 Main Street, a 203,307 sq. ft. multi-tenant office building in Columbia’s thriving central business district. The project included common area upgrades on the 5th floor, where the building’s largest vacancy, a 6,244 sq. ft. suite overlooking Main Street is located.
Future projects in 2017 will include ground floor improvements at 1333 Main and garage renovations at the Vista Center, a 22,035 sq. ft. retail space and parking garage across Assembly Street also owned by Albany Road.
“Albany Road is excited to have such a prominent presence in the heart of Columbia. We believe strongly both in this asset and in the market, and look forward to investing further in our building and in the community,” said Adam Floyd, Investment Manager, Albany Road.
The building maintains a stable occupancy, currently at approximately 92%, which is above the market average. The opportunity of a Main Street view continues to attract tenants to available space along the Main Street corridor, according to the most recent Columbia Office MarketView.
CBRE leases and manages 1333 Main and renovations were carried out by Spring Hill Construction.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.