On The Move
CBRE|Columbia Closes the Sale of 500 Huger Street
Oct 19, 2012
COLUMBIA, SC – October 19, 2012 – CBRE|Columbia is pleased to announce the sale of the former CMC Construction Services Warehouse at 500 Huger Street. Keith Moore represented the purchaser, Arnold Realty Company, in the transaction.
“CBRE|Columbia was crucial in identifying the availability of this adjoining property and assisting in the negotiation and purchase of the site,” said Ben Arnold, principal of Arnold Realty Company.
This property completes the property assemblage for the new “state of the art” student housing project that will serve as a gateway to the University of South Carolina. The project will be located at Blossom and Huger Streets. This parcel adds 1.6 acres to the development, bringing the total development site to 4 acres.
“We believe this development will transform the area around Tanner Stadium from traditional industrial use to one better suited to support USC’s burgeoning campus of classrooms, sports facilities and student housing needs,” said Keith Moore.
CBRE|Columbia is a CBRE affiliate office serving South Carolina. The firm assists real estate owners, investors, and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services, investment management; research and investment strategy and consulting. Please visit our website at www.cbre.com/columbia.
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 firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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.