Colliers Expands Property Management Duties at South Carolina Office Tower
Hertz Investment Group has appointed Colliers to provide real estate management services at The Meridian, a 17-story office tower in Columbia, S.C.
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.
The existing team includes Vice President Tommy Johnson, who serves as the building’s brokerage representative, Lee Lane, the chief building engineer, and John Ciarcia, a maintenance technician.
A downtown Columbia office tower
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.
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.
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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.
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’s main campus.
In the first quarter of this year, Columbia’s office market saw improvements across its construction pipeline and net absorption, according to a report 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’s central business district.
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