After bringing the property to 100% leased, Colliers sold this retail property in less than three months.
Greenville, SC – Colliers International’s Scott Burgess and Lance Byars assisted the landlord in the sale of 219 Pelham Road, an 8,100-square-foot retail strip center that is situated in front of the Publix on Pelham Road. When Burgess and Byars began the leasing assignment, the building was at 40% occupancy. After only six months, they brought the center to 100% occupancy, creating a highly marketable investment opportunity for $1,925,000.
“The success we had in leasing 219 Pelham Road told a great story of the strength of the market. We were confident this would be a great investment, especially with two new leases in place,” said Byars, Brokerage Associate.
The quick leasing and sale of 219 Pelham Road show the continued strength of the Greenville retail market.
Burgess and Byars are both members of the Colliers retail brokerage team, specializing in the representation of owners, buyers and tenants in purchasing and leasing retail space.