{"id":1004715815,"date":"2024-06-04T06:17:38","date_gmt":"2024-06-04T14:17:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004715815"},"modified":"2024-06-09T20:21:34","modified_gmt":"2024-06-10T04:21:34","slug":"colliers-expands-property-management-duties-at-south-carolina-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-expands-property-management-duties-at-south-carolina-office-tower\/","title":{"rendered":"Colliers Expands Property Management Duties at South Carolina Office Tower"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"747\" height=\"506\" data-attachment-id=\"1004715816\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/colliers-expands-property-management-duties-at-south-carolina-office-tower\/rems-and-brokerage-meridian_header-image_1024x972\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/REMS-and-Brokerage-Meridian_Header-Image_1024x972.jpg\" data-orig-size=\"747,506\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"REMS-and-Brokerage-Meridian_Header-Image_1024x972\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/REMS-and-Brokerage-Meridian_Header-Image_1024x972.jpg?w=747\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/REMS-and-Brokerage-Meridian_Header-Image_1024x972.jpg\" alt=\"The Meridian\" class=\"wp-image-1004715816\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/REMS-and-Brokerage-Meridian_Header-Image_1024x972.jpg 747w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/REMS-and-Brokerage-Meridian_Header-Image_1024x972.jpg?resize=300,203 300w\" sizes=\"auto, (max-width: 747px) 100vw, 747px\" \/><figcaption class=\"wp-element-caption\">The Meridian, now fully managed by Colliers Real Estate Management Services. <em>Photo courtesy of Colliers<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Hertz Investment Group has appointed Colliers to provide real estate management services at The Meridian, a 17-story office tower in Columbia, S.C. <\/p>\n\n\n\n<p>Senior Property Manager Cheryl Love and Assistant Property Manager Yelissa Motta will be joining several other Colliers professionals who currently handle building engineering, maintenance and brokerage services. <\/p>\n\n\n\n<p>The existing team includes Vice President Tommy Johnson, who serves as the building\u2019s brokerage representative, Lee Lane, the chief building engineer, and John Ciarcia, a maintenance technician.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-downtown-columbia-office-tower\">A downtown Columbia office tower<\/h2>\n\n\n\n<p>The Meridian, a 335,085-square-foot office tower that came online in 2004, is the seventh tallest building in Columbia. Hertz Investment Group acquired the asset in 2015 for $65.6 million, according to CommercialEdge information. <\/p>\n\n\n\n<p>The 17-story building has 22,000-square-foot floorplates and 10-foot ceilings. Presently, the property is 90 percent leased, home to a mix of tenants in the legal, financial services, engineering and insurance businesses.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/law-firm-office-leasing-continues-to-rise\/\">Law Firm Office Leasing Continues to Rise<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Amenities include an eight-level parking garage, a fitness center and conferencing suite, as well as 2,500 square feet of retail which is home to Market on Main, a locally owned restaurant and event space.<\/p>\n\n\n\n<p>Located at 1320 Main St., The Meridian is two blocks from the South Carolina state house and roughly half a mile from University of South Carolina\u2019s main campus.<\/p>\n\n\n\n<p>In the first quarter of this year, Columbia&#8217;s office market saw improvements across its construction pipeline and net absorption, according to a <a href=\"https:\/\/southcarolina-colliers-4016996.hs-sites.com\/download-office-columbia-report\" target=\"_blank\" rel=\"noreferrer noopener\">report<\/a> from Colliers. Additionally, the vacancy rate of 13.2 percent was considerably below the national average. The report states that much of these positive trends are due to a renewed interest in the city&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/uli-special-report-the-past-present-future-of-cbds\/\">central business district<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hertz Investment Group has owned the property since 2015.<\/p>\n","protected":false},"author":3012,"featured_media":1004715818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21747,21785,32781],"tags":[35498,36166],"class_list":["post-1004715815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-office","category-property-management","category-southeast","tag-colliers","tag-hertz-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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