HOT PROPERTIES: Columbia church buys former movie theater site

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Shandon Baptist Church has bought the nearly seven-acre site that once was home to a 10-screen AMC theater on Forest Drive near downtown Columbia.

NAI Columbia’s Patrick Palmer and Bobby Balboni represented The RMR Group in the sale of the 6.89-acre former Classic Columbia 10 site at 5320 Forest Drive to the owner of the adjacent property.

“One of the golden rules in commercial real estate, and one that often still gets overlooked, is to always contact the adjacent property owners," said Patrick Palmer, a principal with NAI Columbia and drector of the Carolina Shopping Center Strategists Team. "We are thrilled to walk away from this deal knowing that our client was able to achieve a positive outcome for a building that had narrow reuse potential. We look forward to watching Shandon transform the property as they grow their community and grow their home.”

The RMR Group is a U.S. alternative asset management company that manages approximately $36 billion in total assets in the office, retail, industrial, senior living and hospitality property sectors.

Other recent commercial real estate transactions include:

John Gressette and Rox Pollard III of Colliers represented Palmstar Millwood LLC in the lease of 2,200 square feet of retail space at 2627 Millwood Ave. in Columbia to Marnie LEADS Academy LLC.

Allen Wilkerson of Colliers represented BV DRP Synergy LLC in the lease of 1,322 square feet of office space at Synergy Office Park, 111 Executive Center Drive in Columbia, to Edward D. Jones and Company LP.

Angela Cash exclusively represented the tenant, Stoney Digital, in securing a new lease at 601 Northwood Road in Lexington. Stoney Digital is a full-service creative and digital marketing agency. They help local businesses in South Carolina with web design, video production and digital advertising.

Nick Stomski, Jake Nidiffer and Ryan Causey of Trinity Partners represented the seller in the sale of a 6,000-square-foot flex building in Columbia for $700,000.

Bruce Greenberg and Rob Lapin of Trinity Partners represented the buyer in the purchase of a 0.21-acre parcel and a 3,985-square-foot office building at 1913 Bull St. in Columbia for $685,000.

Macon Lovelace and Bruce Greenberg of Trinity Partners represented the landlord in leasing an 11,224-square-foot office space at 1021 Pinnacle Point Drive in Columbia.

Send your commercial real estate transactions to [email protected].