The Crossings Shopping Center is a 44,000 square foot neighborhood shopping center located in Columbia, South Carolina. The center is anchored by a Food Lion grocery store. Colliers was engaged to lease a vacant drug store and several vacant bays. Colliers' success in handling the leasing and management for the property led to an eventual sale of the property.

Challenge

• To provide leasing and management of the remaining vacancies at the center.
• To sell the property quickly and at an aggressive price.

Services
Colliers' leasing services were initially required for the negotiation of a lease termination for the drug store and the re-lease of their space to a national video chain. Following lease negotiation, Colliers' leasing and property management services were utilized to bring the property to 100% occupancy and to correct deferred maintenance. Once this was complete, Colliers' investment sales services were successful in the marketing and sale of the property.

Results
Colliers provided a cadre of leasing, property management and investment sales services to return the property to excellent condition from an occupancy, economic and physical standpoint. The result was a highly marketable property that sold within 90 days of being listed. Colliers was able to locate the best possible investor who purchased the property at the highest possible price in a relatively short time frame. Colliers achieved the specific goals of the owner in the disposition of the center.

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