Main & Gervais is conveniently located directly across
from the South Carolina State House, with the surrounding area featuring an
array of transportation options including three interstate freeways that
converge in Columbia, passenger and freight rail service provided by CSX and
Norfolk Southern, as well as passenger and air cargo facilities at Columbia
Metropolitan Airport. The property is also just a half-mile walk to the
University of South Carolina, the largest university in the state.
In addition to the rich location and unparalleled finish of
the building, tenants benefit from a wealth of amenities, including an on-site
restaurant, banking and fitness center. Located just two blocks from the Main
& Gervais office building is The Congaree Vista, commonly referred to as
“the Vista”. This burgeoning dining, entertainment and shopping district
comprises multiple city blocks centered upon Gervais Street. The walkable area
is home to many of the city’s preeminent restaurants, hotels and civic
destinations. With over 45 restaurants and bars, 60 specialty shops and
galleries and a diverse mix of businesses and services including the Colonial
Life Arena and the Columbia Metropolitan Convention Center, “the Vista” helps to
provide tenants with a strong work life balance.
“Main & Gervais is the best in class office building in
Columbia and we know it will be a strong addition to the KBS’ portfolio,” KBS
Senior Vice President and Asset Manager, Allen Aldridge. “Columbia has been
named one of the fastest growing cities in the U.S. and offers strong
population growth and a skilled, educated labor force, creating an ideal
business location and quality of life for residents and employees.”
“We are excited to gain a footprint in Columbia by acquiring
what is considered to be the premier office building in the heart of an
amenity-rich market,” commented KBS Eastern Regional President, Marc DeLuca.
“The property features an irreplaceable location with an impressive rent roll.
The property is also a short walk from the University of South Carolina which
has consistently ranked among the top schools in the country for International
The property is currently 98 percent leased, and anchored by
Edens, McNair Law Firm and NCBC. Other tenants include the regional law firms
of Parker Poe, Rogers Townsend & Thomas, and Womble Carlyle, along with The
Oak Table restaurant.
Main & Gervais is the sister building to Bank of America
Tower in Raleigh, NC, an office property developed by KBS in 2016. Both
buildings were designed by the renowned architectural firm of Duda Paine.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to KBS’s ability to invest in and manage a diverse portfolio, and the performance of Main & Gervais and of the Columbia real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS’s and/or Main & Gervais’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.