The Bowater Building located at 55 E. Camperdown Way will soon be for sale.
Charles Gouch, senior vice president of CBRE’s Office Services team, said the property will be put on the market within the next few weeks. The sale will be conducted through a bid process with pricing guidance between low- to mid-$40 millions.
Located along the Reedy River in Falls Park, the approximately 2.4-acre property includes the Bowater Building and adjacent parking garage. It is currently owned by WCM Global Wealth, a local financial services firm.
“It’s arguably one of the most prominent sites in the city of Greenville, with river frontage,” Gouch said. “I think it’s a site that definitely has a lot of attention, not only locally, regionally, but even nationally. So we’re very excited about what could happen there.”
Gouch said they hope to identify a buyer by mid- to late-November.
The city of Greenville previously discussed relocating City Hall to the Bowater Building. In March, Greenville City Council reviewed plans for the city to purchase the building’s first two floors to house City Council chambers and multiple city departments.
Beth Brotherton, spokesperson for the city, said the city’s options are open.
“The city did not intend to purchase the entire building at 55 Camperdown,” Brotherton said. “We will work with new ownership on pursuing an agreement, with ample parking as a primary objective.”
City Council also approved a purchase-sale agreement for the current City Hall building at 206 S. Main St. with M Peters Group. If the deal to purchase space at the Bowater Building falls through, the city still reserves the right to retain ownership of the first five floors of the original building at 206 S. Main St.
“We’ve always said we’re going to act in the best interest of the city, not just the City Hall,” Greenville Mayor Knox White said. “We think we’re in the best interest right now to watch what happens there.”
