{"id":1004207164,"date":"2018-02-15T10:24:42","date_gmt":"2018-02-15T18:24:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207164"},"modified":"2022-12-08T19:50:19","modified_gmt":"2022-12-09T03:50:19","slug":"hall-capital-snags-36m-sc-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hall-capital-snags-36m-sc-office-asset\/","title":{"rendered":"Hall Capital Snags $36M SC Office Asset"},"content":{"rendered":"

By Timea Papp<\/p>\n

\"Faber<\/a>

Faber Plaza<\/p><\/div>\n

CBRE Capital Markets has arranged the sale of Faber Plaza, a 125,822-square-foot, Class A office building in Charleston, S.C. A partnership between Trinity Capital Advisors and Durlach Associates sold the recently completed asset to Hall Capital in a $36.4 million deal.<\/p>\n

Located at 4400 Leeds Ave., the five-story property came online in the summer of 2016. Faber Plaza sits on a 9.1-acre parcel in the center of Charleston\u2019s Faber Place office park. Tenants have access to on-site building engineer and day porter services, as well as ample parking, with a total of 575 spaces available. Faber Plaza provides immediate access to interstates 526 and 26.<\/p>\n

Core office investment<\/h2>\n

The team of Executive Vice Presidents Patrick Gildea and Charles Carmody, along with Operations Analyst Matt Smith, worked on behalf of the seller in the transaction.<\/p>\n

\u201cThere are a limited number of institutionally sized office transactions in a market of Charleston\u2019s size in a given year, yet a considerable amount of institutional and high-net-worth capital seeking core office investments like Faber Plaza, due to the market\u2019s incredible barriers to entry and strong demographics,\u201d<\/em> Gildea said in prepared remarks.<\/p>\n

In October 2017, CBRE brokered the sale of the tallest office building in South Carolina<\/a>. Hamilton Equity Partners acquired the 460,020-square-foot Capitol Center from a joint venture between M&J Wilkow and Intercontinental Real Estate Corp.<\/p>\n

Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE represented the seller, a partnership between Trinity Capital Advisors and Durlach Associates, in the disposition of Faber Plaza, a five-story Class A office building in Charleston.<\/p>\n","protected":false},"author":240,"featured_media":1004207166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747],"tags":[32789,33820,37867,37638],"class_list":["post-1004207164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","tag-cbre","tag-faber-place","tag-patrick-gildea","tag-trinity-capital-advisors"],"acf":[],"yoast_head":"\nHall Capital Snags $36M SC Office Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hall-capital-snags-36m-sc-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hall Capital Snags $36M SC Office Asset\" \/>\n<meta property=\"og:description\" content=\"CBRE represented the seller, a partnership between Trinity Capital Advisors and Durlach Associates, in the disposition of Faber Plaza, a five-story Class A office building in Charleston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hall-capital-snags-36m-sc-office-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-15T18:24:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:50:19+00:00\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Faber-Plaza.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hall-capital-snags-36m-sc-office-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hall-capital-snags-36m-sc-office-asset\\\/\"},\"author\":{\"name\":\"Timea-Erika Papp\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"headline\":\"Hall Capital Snags $36M SC Office Asset\",\"datePublished\":\"2018-02-15T18:24:42+00:00\",\"dateModified\":\"2022-12-09T03:50:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hall-capital-snags-36m-sc-office-asset\\\/\"},\"wordCount\":243,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hall-capital-snags-36m-sc-office-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/02\\\/Faber-Plaza.jpg\",\"keywords\":[\"CBRE\",\"Faber Place\",\"Patrick Gildea\",\"Trinity Capital Advisors\"],\"articleSection\":[\"Deals\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hall-capital-snags-36m-sc-office-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hall-capital-snags-36m-sc-office-asset\\\/\",\"name\":\"Hall Capital Snags $36M SC Office Asset - 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