6C — April 22 - May 19, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


O wners , D evelopers & M anagers

Babcock negotiates sale on behalf of Heritage Land and Development and procures buyer Marcus & Millichap arranges $17.45 Million sale of 113-unit apartment property

OLUMBIA, SC— Mar- cus & Millichap an- nounced today the sale of Land Bank Lofts in Co - lumbia, S.C. The 113-unit a p a r tme n t property sold f o r $17 . 45 million, ac - c o r d i ng t o B e n j a m i n Yelm , regional manager of the firm’s Columbia office. Drew Babcock , an invest - ment specialist in Marcus & Millichap’s Columbia office, Drew Babcock C

had the listing to market the property on behalf of its seller, Heritage Land and Develop - ment, LLC, and procured its buyer, Xsite Capital Invest - ment, LLC. Land Bank Lofts is located at 1401 Hampton St. in Columbia, S.C. Situated on 2.2 acres, the property offers a mix of studio, one- and two-bedroom apart - ments. Each of its 113 units feature open floor plans with high ceilings, stainless steel appliances, quartz countertops and stackable washer and dryer sets. The property’s common area amenities include a pool,

DIGroup Architecture announces key employee promotions NEW BRUNSWICK, NJ — DIGroup Architecture announced the promotions of several architectural team members. “These individuals continue to deliver exceptional levels of service to our clients, and actively contribute to the strategic direction, growth and success of the firm,” said Jeff Venezia, president. Swarupa Samant has been named associate principal and Kelli Glasgow, Scott Hoffman and Jaime Masler Beach have all been elevated to the level of associate. Since joining the firm in 2014, Swarupa Swarupa, AIA, NCARB, LEED AP has skillfully managed some of the firm’s largest and most complex urban design-build school projects in New Jersey, exceeding $200 million in con - struction costs. Since joining DIGroup in 2014, Kelli Glasgow AIA, NCARB, LEED BD+C has developed a diversified body of work, leading projects in the academic, civic, and corporate market sectors. Scott D. Hoffman joined the firm in 2009 after a 12-year stint with renowned Hillier Architecture. He has garnered extensive knowledge and ex - perience within senior living, academic, healthcare and civic sectors during his career. Jaime Masler Beach, AIA, NCARB has been part of DIGroup for a decade. She has achieved great success as both an architect and gen - erator of new business for the firm. MAREJ 24-hour secure entry, a busi - ness center and on-site surface parking for every unit. “The downtown Columbia rental market demands some of the highest rent in South Carolina. The seller did a tre - mendous job in renovating Land Bank Lofts and offering its residents the best surface parking in downtown Colum - bia, which will be a huge asset in the future,” said Babcock. “We were able to generate interest in this property from all over the country and even attracted investors based over - seas." MAREJ

Land Bank Lofts

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