Columbia, S.C. – March 30, 2020 – CBRE has been assigned the leasing and property management for 1333 Main Street, a 203,307 square-foot office building, and Vista Center, a 22,035 square-foot retail center at 1301 Assembly Street, in downtown Columbia, S.C. Galium Capital, a real estate investment and development company based in Florida, purchased the properties in February 2020.
CBRE’s Marie Dieckmann and Aaron Dupree will be working with the Galium Capital team to lease the 1333 Main Street property and CBRE’s Amy Stuck will be the leasing broker for Vista Center. Currently there is approximately 3,714 square feet of available office space and up to 6,834 square feet of retail space available at 1333 Main and 3,908 square feet of retail space available at Vista Center.
“We are thrilled to welcome Galium Capital to the Columbia market and are delighted for the opportunity to lease and manage the properties in the heart of Columbia’s Main Street. CBRE is a tenant at 1333 Main Street and we know more tenants will be impressed by the property’s recent and planned renovations, access to amenities, and premiere location,” said Marie Dieckmann, senior associate at CBRE.
1333 Main Street is located in Columbia’s commercial business district close to the South Carolina State House, as well as various retail, restaurant, and entertainment amenities. The office building contains ample parking along with a large conference center. The property has been updated with modern finishes and additional improvements are planned for the future. The Vista Center retail strip center is located across the street from 1333 Main, offering tenants convenient access.
“Vista Center has a unique opportunity to help connect Main Street with the Vista and offers retail opportunities that are helping to create a live-work-play environment downtown,” said Amy Stuck, senior associate at CBRE.
According to CBRE Research, the Columbia market has a compelling outlook, with an expanding economy and an educated labor force. Retail is the property type gaining the most traction with institutional and international investors, while the strong office market shows signs of persistent growth and asking rates should continue to increase in coming quarters.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Galium Capital:
Galium Capital is a Miami-based private equity group that invests in and manages over $350 million of commercial property in major markets across the United States. Galium Capital’s portfolio comprises of multifamily, office, and retail assets across various major national markets. Galium Capital is led by Jacques Bessoudo and Iser Rabinovitz.