WILMINGTON, Del. -
Sept. 21, 2015 -
PRLog --
Rockford Capital Partners is pleased to announce the acquisition of 1122 Lady Street, a twelve-story office tower located in Columbia, South Carolina. Rockford Capital acquired the property on behalf of its affiliated value-add investment vehicle,
Rockford Real Estate Fund III. The property was purchased directly from a special servicer.
1122 Lady Street, developed in 1975, is a 147,890 square foot office tower in Columbia’s central business district. Rockford Capital acquired the building at 54% occupancy and has already signed several new leases. Plans are underway for substantial renovations to enhance the building and on-site amenities, which Rockford Capital believes will attract additional new tenants at the property. To market the currently available 52,000 square feet of space, Rockford Capital has selected
Colliers International’s Tommy Johnson as the exclusive leasing agent.
The property is located at the corner of Lady and Main Street in the heart of metro Columbia. It is one block away from the State House and several city, state and federal government complexes. It is within walking distance of a variety of downtown services and amenities, as well as the University of South Carolina campus and the Palmetto Baptist Hospital complex.
Rockford Capital is actively pursuing additional value-add investment opportunities throughout the mid-Atlantic and southeast regions.
About Rockford Capital PartnersRockford Capital Partners is a private real estate firm specializing in the acquisition, repositioning, and management of small- to mid-size commercial real estate assets throughout the eastern U.S. The team focuses on identifying fundamentally strong, yet undervalued, properties and unlocking value through a proven active management process and targeted capital investments. For further information, visit
http://www.rockfordcp.com.
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