Columbia, South Carolina –December 11, 2019 – Trinity Partners Columbia is pleased to announce brokerage team Roger Winn, SIOR and Braden Shockley have been retained by the new owner of 101 Business Park Boulevard to handle leasing duties for the medical office building in Columbia, South Carolina.
The new owner, Flagship Healthcare Trust, Inc., is a private healthcare real estate investment trust (REIT) based out of Charlotte, North Carolina. Their October acquisition of 101 Business Park Boulevard marks their investment debut in the Columbia market.
“We are very pleased to acquire this high-quality Prisma Health-anchored medical office building here in our backyard. This acquisition represents a tremendous value, well below replacement cost, in a market where we desire to have a bigger presence,” said Gerald Quattlebaum, Senior Vice President, Acquisitions.
Located at the I-77 and Farrow Road interchange, the two-story, Class A medical office building known as the 77 Office Building is 57,375 square feet and slated for significant capital improvements, including an upgraded building entrance, new roof and new building HVAC systems
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“Trinity Partners is excited to be retained by Flagship to handle leasing at 101 Business Park Boulevard,” said Winn, who, along with Shockley, represented the previous owner with the disposition. “The available space is a fantastic opportunity for a medical practice to conveniently locate in the epicenter of the northeast Columbia submarket within close proximity to multiple major providers.”
For additional details about this transaction or leasing opportunities, please contact Roger Winn at rwinn@trinity-partners.com or Braden Shockley at bshockley@trinity-partners.com.
About Trinity Partners
Trinity Partners is a full-service commercial real estate firm serving corporate users and institutional owners throughout the United States, with 10 service lines ranging from landlord and tenant representation to property management and investment sales. They are known for our entrepreneurial spirit, best-in-class performance, and respected team of commercial real estate professionals, who are directly responsible for the company’s success and collaborative culture. The firm currently leases and/or manages over 20 million square feet of office, industrial, mixed-use, and retail space across the region through their four offices in Columbia and Greenville, South Carolina, and Charlotte and Raleigh, North Carolina.
About Flagship Healthcare Trust
In 2018, Flagship Healthcare Properties, LLC launched Flagship Healthcare Trust, Inc. (Flagship REIT), a private real estate investment trust that owns clinical healthcare assets in the United States. Flagship REIT holds interest in more than 45 healthcare properties valued at over $360 million. Flagship REIT’s current portfolio includes nearly 1.3 million square feet of medical office space and approximately 180 tenants. For further information, visit www.FlagshipHP.com.
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