A vacant 44,000-square-foot building at 2611 Forest Drive has been renovated and is now fully occupied after being purchased by a Georgia developer.
Alpharetta, Ga.-based Mayfair Street Partners bought the building, built in the 1970s, in 2017, according to a Colliers International news release. The building lacked modern amenities, including sufficient parking.
Extensive renovations included a newly appointed façade and an interior covered courtyard, along with a new visitor entrance and elevator, improved lighting, expanded parking and landscaping. Mayfair purchased half an acre of land for additional parking.
Colliers represented the previous owner in the sale of the property and worked with Mayfair to find new tenants. Columbia construction company Mashburn and property management firm LCK also worked on the project.
“We knew that there was so much potential in this property that had been untapped,” said A.J. Belt, Mayfair Street Partners managing director and partner. “It has been gratifying to see our vision for the property realized.”
Palmetto Pain Management came onboard as an anchor tenant, and Colliers office brokerage specialists Tommy Johnson and Hunter Suggs filled the remaining 40% of building space.
“Mayfair Street Partners has proved that, while the Columbia office market has not yet demonstrated the capacity to support significant new construction, there is noteworthy potential in the repurposing of older buildings for tremendous value-add opportunities that offer tenants new choices,” said Johnson, a vice president for Colliers in South Carolina.
Colliers’ real estate management services division teamed with LCK to oversee tenant move-in and manage renovations.
“We were really pleased with our ability to tap the resources of the multiple experts within our platform at just the right time and to successfully execute this assignment while acting as an extension of Mayfair’s team,” Suggs said.