Columbia, SC – Colliers International’s Henry Roe and Allen Wilkerson represented the seller in the $2.1 million sale of 1280 Assembly Street to City Center Development, LLC. The 16,000 square-foot office building is located at the intersection of Assembly and Lady Streets, in the heart of Columbia’s Central Business District (CBD).
This sales transaction is indicative of the active investment taking place in downtown Columbia. According to the latest Colliers office market report for Columbia, the activity of the past few quarters leaves the vacancy rate in the CBD at 10.1% at the end of the first quarter of 2016. Sales activity is increasing as a result of the lower vacancy in the market.
Roe, a Vice President, and Wilkerson, Brokerage Associate, are members of the Colliers office brokerage team. Roe and Wilkerson specialize in corporate and landlord consulting services and representation of clients in the leasing and sale of office properties.