Leasing & Property Transfers in Downtown/West End vicinity

[vicupstate]

24 Court St. sold on 7/29/19 for $1.6 mm. 

[SVL]

1 hour ago, vicupstate said:

24 Court St. sold on 7/29/19 for $1.6 mm. 

Connolly's Pub?

[vicupstate]

5 hours ago, SVL said:

Connolly's Pub?

Yes

[vicupstate]

7/31/2019:

600 Laurens Rd. sold for $975k.  two story building on .522 acre parcel. 

312 Echols St. sold for $325k. .648 acre parcel that is directly behind the proposed new Starbucks on Pete Hollis Blvd.  Appears to be a purchase by the  Parker Group or a client of same.   

[vicupstate]

.566 acre parcel at 305 Oscar street  sold for $300k on 7/30/19.   

[vicupstate]

On 8/9/2019 at 2:59 PM, vicupstate said:

7/31/2019:

312 Echols St. sold for $325k. .648 acre parcel that is directly behind the proposed new Starbucks on Pete Hollis Blvd.  Appears to be a purchase by the  Parker Group or a client of same.   

408 Echols (aka 47 Pete Hollis Blvd.) sold for $700k on 8/1/19. This will be the new Starbucks. 

45 Pete Hollis Bld sold for $315k on 8/1/19.  This is NOT part of the Starbucks proposal. 

[vicupstate]

 

Leases from UBJ:

14,780 SF  2 Washington St (ONE)

11,870 SF  One Liberty Square

5,122 SF One Liberty Square

7,983 SF Two Liberty Square

1,800 SF 61 Beattie Place

10,481 SF 22 S. Main St.

10,372 SF Camperdown

3,500 18  S. Markley St. 

3,560 SF 200 E. Broad St. [Elliott Davis bldg]

6,158 SF 148 River St. (Innovate bldg)

2,800 SF 630 E. Washington St.

2,100 SF 400 Augusta St. (Claussen)

4,500 SF 610 N. Main St. 

864 SF 301 N. Main (Windstream- Daniel Bldg)

7,020 SF 201 E. North St. 

2,000 SF 100 W. North St.

1,600 SF 105 E. North St. 

3,500 SF 500 E. North St.

2,615 SF 600 E. North St. 

3,500 SF 665 N. Academy St. 

2,855 SF 401 E. Stone Ave. [Northpointe] to Lee Spa Nails

3,709 SF 598 Pendleton St.  to Sachas Cafe

 

 

 

 

 

[gman430]

Great stuff. I wonder who leased the space at Camperdown. 

[vicupstate]

106 S. Calhoun St. sold for $349,511 on 8/12/19. 

[vicupstate]

$525k building permit for 630 E. Washington St. 

[distortedlogic]

On 8/16/2019 at 6:15 PM, vicupstate said:

 

Leases from UBJ:

14,780 SF  2 Washington St (ONE)

11,870 SF  One Liberty Square

5,122 SF One Liberty Square

7,983 SF Two Liberty Square

1,800 SF 61 Beattie Place

10,481 SF 22 S. Main St.

10,372 SF Camperdown

3,500 18  S. Markley St. 

3,560 SF 200 E. Broad St. [Elliott Davis bldg]

6,158 SF 148 River St. (Innovate bldg)

2,800 SF 630 E. Washington St.

2,100 SF 400 Augusta St. (Claussen)

4,500 SF 610 N. Main St. 

864 SF 301 N. Main (Windstream- Daniel Bldg)

7,020 SF 201 E. North St. 

2,000 SF 100 W. North St.

1,600 SF 105 E. North St. 

3,500 SF 500 E. North St.

2,615 SF 600 E. North St. 

3,500 SF 665 N. Academy St. 

2,855 SF 401 E. Stone Ave. [Northpointe] to Lee Spa Nails

3,709 SF 598 Pendleton St.  to Sachas Cafe

 

 

 

 

 

 Is this office space absorption? That 110k sq ft! 

[vicupstate]

903 Pendleton Street sold for $540k on 8/16/19.  

[gman430]

 

11 hours ago, distortedlogic said:

 Is this office space absorption? That 110k sq ft! 

Does this mean we’re getting a new state tallest?  

[GVLover]

3 minutes ago, gman430 said:

 

Does this mean we’re getting a new state tallest?  

Considering high office, condo/apartment, and hotel demand, a mixed-use tower including those components should’ve been proposed. 

[distortedlogic]

15 minutes ago, gman430 said:

 

Does this mean we’re getting a new state tallest?  

Absolutely! It'll happen right after Jet Blue starts service at GSP to Boston! 

[vicupstate]

City of Greenville Parks & Recreation will lease 3,684 SF at 131 Falls St.  

[gman430]

5 hours ago, vicupstate said:

City of Greenville Parks & Recreation will lease 3,684 SF at 131 Falls St.  

Something must be planned for their current building with the new mural at Hyatt Place and them moving out. 

[gman430]

Another $400,000 building permit issued for 2 West Washington Street (ONE phase II building) 

[vicupstate]

905 Pendleton St. sold on 9/3/2019 for $490k. 

[gman430]

Getting somewhere now. In Q2 2019, the Greenville CBD absorbed 112,228 of Class A office space bringing the vacancy rate down to 10.21% according to Colliers. Finally found who is going to 2 W. Washington Street also:

Poinsett Plaza. 104 S. Main Street. World Acceptance Corp. 45,000 square feet. 

ONE. 2 W. Washington Street. Nelson Mullins. 40,000 square feet.

Two Liberty Square. 75 Beattie Place. Undisclosed. 20,000 square feet.

ONE. 2 W. Washington Street. LS3P. 12,000 square feet.

 

Speaking of Colliers, this little tidbit was in their Q2 2019 Greenville office report: 

"Furthermore, there are additional undisclosed tenants currently in the process of closing large leasing deals."

Edited September 13, 2019 by gman430

[vicupstate]

^^ Can you post a link for that?  

[distortedlogic]

6 hours ago, gman430 said:

Getting somewhere now. In Q2 2019, the Greenville CBD absorbed 112,228 of Class A office space bringing the vacancy rate down to 10.21% according to Colliers. Finally found who is going to 2 W. Washington Street also:

Poinsett Plaza. 104 S. Main Street. World Acceptance Corp. 45,000 square feet. 

ONE. 2 W. Washington Street. Nelson Mullins. 40,000 square feet.

Two Liberty Square. 75 Beattie Place. Undisclosed. 20,000 square feet.

ONE. 2 W. Washington Street. LS3P. 12,000 square feet.

 

Speaking of Colliers, this little tidbit was in their Q2 2019 Greenville office report: 

"Furthermore, there are additional undisclosed tenants currently in the process of closing large leasing deals."

That sounds like a  LOT of absorption for one quarter for Greenville, great news if accurate! So 10% vacancy in the CBD, any idea what that looks like for DT as a whole? I'm guessing that will change as the camperdown comes on line and BOA loses it's main tennant, etc. Are most of these relocations form other parts of the metro or new to Greenville? 

[gman430]

59 minutes ago, vicupstate said:

^^ Can you post a link for that?  

Sure thing: http://www.greenvilleeconomicdevelopment.com/wp-content/uploads/2019/08/Colliers-Q2-2019-Greenville-Office-Market-Report.pdf

25 minutes ago, distortedlogic said:

That sounds like a  LOT of absorption for one quarter for Greenville, great news if accurate! So 10% vacancy in the CBD, any idea what that looks like for DT as a whole? I'm guessing that will change as the camperdown comes on line and BOA loses it's main tennant, etc. Are most of these relocations form other parts of the metro or new to Greenville? 

Downtown as a whole is 11.58%.  Some are relocations from other parts of downtown (Nelson Mullins) and some are new or relocated from the suburbs (World Acceptance Corp). It just varies a lot. 

Edited September 13, 2019 by gman430

[GvilleSC]

45 minutes ago, gman430 said:

Sure thing: http://www.greenvilleeconomicdevelopment.com/wp-content/uploads/2019/08/Colliers-Q2-2019-Greenville-Office-Market-Report.pdf

Downtown as a whole is 11.58%.  Some are relocations from other parts of downtown (Nelson Mullins) and some are new or relocated from the suburbs (World Acceptance Corp). It just varies a lot. 

One thing that never comes across in these are a comparison to their current space. It would be nice to know if Nelson Mullins or LS3P are moving into more/less/same square footage.

Side note: I wonder if LS3P moving out of the West North Street location will prompt the owners to sell that prime real estate? If the owners of that mid block parking lot could gain this parcel, that would be a sizable plot of land to develop (with great visibility) into mixed use residential and office. 

[johnpro318]

1 hour ago, GvilleSC said:

One thing that never comes across in these are a comparison to their current space. It would be nice to know if Nelson Mullins or LS3P are moving into more/less/same square footage.

Side note: I wonder if LS3P moving out of the West North Street location will prompt the owners to sell that prime real estate? If the owners of that mid block parking lot could gain this parcel, that would be a sizable plot of land to develop (with great visibility) into mixed use residential and office. 

Do you know if the lot is city owned? They could partner with them for a public/private garage.