Client Focused Landlord’s Commitment to the Columbia Market and Tenant Retention, Spurring Expansions and Renewals of Existing Tenant Base
Columbia, SC – Jan. 19, 2016 – 655 Shewsbury Partners, LLC, continues to invest in its Columbia asset, The Berkeley Building, with fervor and laser-like focus on tenant satisfaction. The Berkeley Building located in the Center Point Office Park has always been a sweetheart of the Saint Andrews submarket with its strategic location at the intersection of Interstate 20 and 26; but its stability and ability to outperform the market stems from the landlord’s client centric real estate strategy.
“655 Shewsbury Partners is a great example of a smart organization that recognizes the importance of leveraging real estate, technology and work environments as critical tools to create and maintain the success of an asset,” said CBRE Senior Vice President Martin Moore.
In the past year, six tenants comprising 39,392 sq. ft. of the over 73,000-sq.-ft. Class A office building, have chosen to stay on the property through expansion or renewal. The property is home to high-quality tenants including financial services firms, utilities, government services and education facilities. Monumental Life Insurance Company, Hubbell Power Systems, CorVel Healthcare Corporation, FDIC and Comprehensive Health Management have all elected to continue to grow their businesses within the Berkeley Building.
Demand for the highest quality space in Columbia was strong in 2015, according to the CBRE’s Q4 2015 Columbia Office MarketView. This trend did not elude owners of the Berkeley Building. The already well-maintained property has recently undergone a conversion to LED lighting throughout all suites and common areas to improve efficiency. The surrounding green space and excellent work environments will allow the Berkeley Building to continue to be a premier choice for companies to attract and retain talent.
“655 Shewsbury Partners is committed to the Columbia market,” said CBRE Senior Associate Aaron Dupree. “Their attentiveness and commitment to continue to improve the working environment for current and future companies has led to an extremely high rate of retention when compared to most buildings in the market.”
CBRE’s office team of Moore and Dupree represent 655 Shewsbury Partners in marketing the remaining 8,483 sq. ft. of availabilities at the Berkeley Building. The two remaining available suites are well positioned within the property to provide maximum lobby exposure, as well as fantastic views of the campus and water feature that Center Point Office Park has to offer.
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 (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.