X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COLUMBIA, SC-Harbor Group International, operating from its local headquarters in Norfolk, has purchased two Koger Office Parks–one here and one in Nashville. The two purchases, comprising over one million sf of office space, have both been renamed Synergy Business Park.

After paying more than $87 million for the Columbia and Nashville parks, Harbor Group now plans to invest a combined $4 million in upgrades and enhancements aimed at helping tenants become more productive.

According to Harbor Group’s chairman Jordan E. Slone, the dual purchase is the largest in the company’s 15-year history. Slone notes that the Synergy program has been introduced for the express purpose of meeting the office needs of today.

Both properties will be provided with high-speed Internet services from multiple broadband providers. Tenants will also be supplied with their own private intranet, redundant power systems, specialized environmental controls, as well as flexible lease terms and floor plans.

Harbor Group has invested more than $140 million in purchasing the four former Koger parks and now owns more than half a billion dollars in office, commercial and residential properties worldwide. Although Harbor Group adheres to an acquisition strategy, in the past year the company has also sold four apartment complexes and two shopping centers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.