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Real Estate - Commercial

Realty company purchases retail property on Columbia's North Main Street

Real Estate - Commercial
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A 40,883-square-foot retail center on North Main Street in Columbia was recently purchased by a realty company.

Colliers South Carolina’s Rox Pollard and John Gressette represented Marbro Realty Inc. in the purchase of the property located at 3900 North Main St.

The property was fully redeveloped back into near-new condition by the seller. Current tenants include O’Reilly Auto Parts, American Renal – North Main Kidney Center and Title Max.

“The acquisition of this center on the vibrant North Main Street corridor in Columbia by our client Marbro Realty, Inc. was the second 1031 exchange transaction that we were able to assist our client in identifying and closing in 2022,” Pollard said. “Marbro Realty was immediately impressed with the quality of this property and how the North Main Street corridor is rapidly redeveloping. We are excited that our client was able to get this deal closed despite fluctuating capital markets and a highly competitive investment sales market.”

This property was fully redeveloped by the seller and placed back into near-new condition. Tenants at the center include O’Reilly Auto Parts, American Renal – North Main Kidney Center and Title Max.

Pollard is a Vice President and Director of Retail Services at Colliers specializing in sale, leasing and development consultation of retail properties across the state. Gressette is a brokerage associate working with tenants, landlords, sellers and purchasers to lease, purchase and sell retail properties of all sizes.

Reach Christina Lee Knauss at 803-753-4327.

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