Commercial real estate transactions include historic building

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A historic 1,848-square-foot historic home-turned-office at 2001 Park St. in Columbia has been sold to Holler Garner Law Firm.

Colliers South Carolina’s Mary Winter Teaster represented seller Lumbergates LLC.

The property is located in the Arsenal Hill section of the city, an area noted in the National Register of Historic Places and near the Governor’s Mansion and the federal courthouse.

2001 Park St. may be the oldest extant structure in Columbia because it is believed to have been built in 1791, according to Historic Columbia. The building has undergone significant renovations over the years. Its Federal-style architecture, popular from the 1780s to 1820s, is still visible.

Whitener and Wharton P.A., a boutique commercial business transactional law firm, previously occupied the building for more than 25 years. The Holler Garner firm’s areas of practice include personal injury, criminal defense, domestic relations and auto accidents.

“It was a pleasure working to find a new owner for 2001 Park St.,” Teaster said in a news release from Colliers South Carolina. “The excellent collaboration and cooperation between seller and buyer and the building’s history made this transaction memorable. “

DSV leases Flintlake Road industrial property

Warehousing solutions company DSV has leased 209 Flintlake Road, a 122,419-square-foot industrial building on 22 acres in Northeast Columbia. This is the company’s fourth third-party logistics warehouse facility in the Columbia market.

Colliers South Carolina’s Chuck Salley, Dave Mathews, Thomas Beard and John Peebles represented Weston Inc. in the transaction.

Cleveland-based Weston is a commercial real estate owner and developer with nearly six million square feet of assets in South Carolina, making it one of the largest private industrial landlords in the state. The Flintlake Road property is part of its Southeast Industrial Properties portfolio.

“Weston is excited to have DSV join us at our Flintlake Road location,” said Eileen McConville, asset manager for Weston. “The location is well-situated with its proximity to I-77 and I-20, and we are pleased we were able to include DSV in our portfolio.”

Colliers’ Grant Butler serves as the property manager for 209 Flintlake Road.

Lancaster Dollar General sells for $1.2M

A single-tenant Dollar General at 501 East Arch St. in Lancaster was recently sold for $1.25 million through a deal handled by Blue West Capital. Blue West’s Zach Wright represented the seller, a Florida-based institutional and development company. The buyer was a New York-based 1031 exchange investor.

The 10,640-square-foot Dollar General property, built in 2011, is located in the Charlotte metropolitan statistical area and is about 40 miles south of downtown Charlotte.

“These exchange investors continue their aggressive pursuit of Dollar General properties due to their low price points, investment grade credit and triple net leases,” Wright said. “Investors are paying premiums for well-located stores with good population density and attractive economics.”