RealOp Investments and Terra Capital acquire South Carolina office portfolio

RealOp Investments and Terra Capital Partners have formed a strategic partnership to acquire and manage the Park East and Park Central office complexes in Greenville, S.C.

The 570,000- square-foot portfolio includes two office parks and 12 buildings situated along the I-385 corridor, three miles from downtown Greenville and less than a mile from I-85 (Park East).

RealOp, along with leasing and management partner NAI Earle Furman, will update, rebrand and relaunch the office complexes to increase market awareness and drive portfolio profitability.

“We are excited to be involved with these properties and believe there is a tremendous opportunity,” explained Chip Hunt, director of investment management at RealOp. “A number of physical and brand improvements are already in progress.”

Park East is home to nine multi-tenant office buildings, comprising three three-story buildings and six two-story buildings, developed between 1974 and 1998. Park Central