Dominion Realty Partners (DRP) has closed on the purchase of The Ogletree Building, a 61,047-square-foot Class A office building located at 300 N. Main St. in downtown Greenville, marking the real estate organization’s first foray into the local market.
The property underwent various renovations and updates in 2016 and was 100 percent occupied by a variety of financial services and law firms at the time of sale.
CBRE’s Patrick Gildea, Tripp Sellers, and Matt Smith represented the seller, a general partnership operating under the name Three Hundred North Main, in the transaction.
The property is one of only a handful of buildings in the Greenville CBD that includes its own dedicated, adjacent parking garage, creating an attractive tenant amenity and the potential for additional future development.
“DRP is extremely excited to enter the Greenville market with the acquisition of The Ogletree Building,” said Beau McIntosh, partner with DRP. “Market office fundamentals continue to remain strong, as demonstrated by 100 percent occupancy in our building, and we are confident that Greenville’s economic growth will continue on its recent trajectory.”
DRP’s investment in Greenville extends the geography of its value-add office acquisition strategy, adding to other recent acquisitions across the region in Raleigh and Durham, N.C., and Richmond and Virginia Beach, Va.
“DRP is actively seeking new acquisition and development opportunities, as we continue to grow and expand our portfolio and enter additional markets across the region,” McIntosh said.
Dominion Realty Partners (DRP) is a full-service real estate organization providing development, management, leasing, acquisition, and investment services, with offices in Raleigh, Richmond, and Charlotte, N.C.