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Harbinger building sells for $22M

Real Estate - Commercial
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The Harbinger building complex at the Interstate 85 interchange with North Pleasantburg Drive, is being sold for $22 million.

Cushman & Wakefield announced Nov. 7 that it has negotiated sale of the 162,962-square-foot, three-building office site. Two Capital Partners is the seller and CCP Commercial Real Estate is the buyer of the three-story building.

Originally constructed in 1982, the Class A office campus was fully repositioned in 2017 and 2018, with nearly $3.5 million invested in building enhancements including improved building systems, an on-site fitness center and refreshed exterior, according to a news release. The space is 93% leased.

“Greenville is emerging as a top target for investment by many private equity funds and some institutional groups as the market continues to show signs of growth and as yields in gateway markets and top secondary markets continue to grow thinner,” Cushman & Wakefield director Jared Londry said in the release. “We expect to see further value appreciation in Greenville’s office sector as demand stays constant and opportunities to enter the market remain few and far between.”

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