HFF Closes Sale, Arranges Financing for SC Bank of America Plaza

The commercial real estate provider closed $23 million sale of and assisted with $17 million financing for the Bank of America Plaza in Greenville.

The Bank of America Plaza in Greenville, S.C.
The Bank of America Plaza in Greenville, S.C.

Greenville, S.C.—HFF recently announced that it has closed $23 million sale and assisted in arranging financing for Bank of America Plaza, a 196,152-square-foot office tower in Greenville, S.C. HFF marketed the property on behalf of the seller, Hughes Development Corp., but it also assisted RealOp Investments to purchase the asset and secure the $17 million floating-rate acquisition loan.

Located at 101 North Main St. in downtown Greenville, the Bank of America Plaza is close to amenities such as Falls Park, Fluor Field, The Bon Secours Wellness Arena, as well as various dining and shopping options. The 15-story building was renovated in 2014 and features direct connectivity to the adjacent Aloft Hotel and its WXYZ bar, but also two parking structures on both sides of the asset.

“Bank of America Plaza is an exceptionally well located office building in the heart of downtown Greenville, S.C., one of the most dynamic markets in the state. Investment capital was attracted to the asset’s compelling features and the notable economic growth occurring in Greenville. We anticipate steady demand for Greenville investment opportunities in 2017 and beyond as the region continues to post favorable trends appealing to investors,” said Ryan Clutter, senior managing director at HFF, in prepared remarks.

Bank of America Plaza is approximately 80 percent leased to tenants, including IBM, Bank of America, iHeartMedia and Next on Main, an office hub that caters to the city’s entrepreneurial workforce. The ground-floor is home to Methodical Coffee, TAZ Boutique and the iStore, an Apple reseller. Moreover, tenants have access to a new fitness center.

Image via Google Street View