FRI Greenville LLC, an affiliate of Florida Realty Investments, has acquired Wachovia Place, a 199,344-square-foot, mixed-use development in Greenville, S.C.

The value of the transaction was not disclosed.

The property, which occupies most of a city block at the corner of Washington and South Main streets, consists of 158,000 square feet of office space, 16,000 square feet of retail space and 22 luxury apartments.

Wachovia Place began as a nine-story office tower constructed in 1973. In 2003, the original building was completely renovated, adding a galleria entryway with marble floors and mahogany covered walls. At the time of the renovation, a retail/residential building was constructed at the corner of the site and a courtyard plaza complete with a fountain and tables was added between the two buildings.

Wachovia Place was 90 percent occupied at the time of sale and serves as headquarters for Wachovia Bank’s Upstate operations and for Resurgent Capital Services. Tenants also include Arthur J. Gallagher & Co., Charles Schwab & Co., Verizon Wireless, Welch Law Firm, Sticky Fingers, Quiznos Sub and Port City Java.

West Palm Beach, Fla.-based Florida Realty Investments focuses on prime commercial properties in major southern U.S. cities.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
The best event in real estate kicks off next week! Tickets are selling quickly.Register Now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription