A 100,000-square-foot Class A office building on Brookfield Parkway in Greenville has been sold for $16.7 million.
CBRE Group Inc. said CCP Commercial Real Estate bought 750 Brookfield, at 750 Brookfield Parkway, last month.
CCP officials couldn’t be reached for comment.
Patrick Gildea, Tripp Sellers, and Charles Gouch of CBRE represented the seller, Chicago-based J.L. Woode Ltd.
750 Brookfield has a 93.5 percent occupancy rate and totals 106,649 square feet, CBRE officials said.
Ford Motor Credit Co., a 750 Brookfield tenant, has more than 68 percent of the leasable area.
The building is in a landscaped park setting that is home to other tenants such as MetLife, GE Gas Turbines, Verizon Wireless, Jacobs Engineering, and Ahold USA.
The property is in the Greenville suburban submarket, which has experienced a Class-A annual average rental rate growth of 12 percent for the last three years, CBRE officials said. As of fourth quarter 2016, Class-A occupancy in the submarket was over 92 percent, the officials said.
“We continue to see outside investors with increased interest in both the suburban and CBD office submarkets,” Gildea said. “The Greenville market has become a focus for many regional and national investors.”
