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:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Office