CBRE has executed the sale of 150 Foster Brothers Drive, a 4,050-sq.-ft. office building within the Lexington County Industrial Park in West Columbia, SC. Updated in 2015, the property was acquired by Palmetto Air & Water Balance, which plans to occupy the building immediately.
CBRE’s Columbia-based Marie Dieckmann represented the seller, Carolina Water Service, Inc., dba Utilities Inc., in the transaction. Palmetto Air & Water Balance was represented by Lakin Parr of Pintail Capital Partners.
“It is always exciting to see a regional firm, anticipating future growth, invest in real estate in our market,” said Ms. Dieckmann, associate at CBRE. “With limited inventory of quality office product and asking rates continuing to increase, we expect local and regional users will continue to seek out ownership opportunities for their real estate.”
The property is situated on a 1.88-acre parcel with great accessibility from Charleston Highway and within minutes to Interstates 26 and 77.