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HOT PROPERTIES: Colliers finds tenant for Summerville distribution center
Colliers South Carolina industrial brokers Mark Erickson and Jarred Watts represented McQueen Distribution LLC in the lease transaction of 22,000 square feet of warehouse space at 450 International Circle in Summerville to Prime Time Leasing. The building, known as McQueen Distribution Center, is located within the Charleston I-[...]
HOT PROPERTIES: NAI closes $4M sale of Summerville restaurant building
NAI Charleston broker Will Sherrod recently facilitated the sale of about 1.3 acres of land and a 5,200-square-foot former restaurant building at the corner of N. Main Street and Azalea Square Boulevard. The property was previously the Mellow Mushroom at the main entrance to the Azalea Square shopping center. It will be redevelo[...]
Budding commercial real estate firm opens office in Charleston
Harbor Commercial Partners celebrated the opening of their new office with a happy hour and ribbon-cutting ceremony by the Charleston Metro Chamber of Commerce. The office is in Suites 300 and 400 at 146 Williman St. in Charleston. Real estate veterans Todd Garrett, Tradd Varner and Vitré Stephens, principals in the compa[...]
HOT PROPERTIES: Firm buys Hilton Head hotel
Hunter Hotel Advisors helped usher through the sale of Best Western Ocean Breeze Inn at Hilton Head Island. Hilton Head Hospitality LLC sold the property to an institutional buyer at an undisclosed price, according to a news release from Hunter. Trey Scott, senior vice president of Hunter, advised the seller. The new buyer inten[...]
HOT PROPERTIES: Carolina Business Equipment leases North Charleston space
Todd Garrett, Tradd Varner and Crawford Riddle of Harbor Commercial Partners represented the landlord, 9481 Industrial Drive LLC, in the lease of 3,575 square feet of industrial space at 9481 Industrial Center Drive, Suite 6, North Charleston to Carolina Business Equipment. Jon Chalfie of Landmark Enterprises represented the ten[...]
HOT PROPERTIES: Boston company buys Summerville apartments
Terwilliger Pappas, a developer of multifamily properties has sold Solis Nexton, a 320-unit luxury residential community in Summerville, to West Shore. Terms of the sale were not disclosed. Boston-based West Shore, a multifamily real estate investment firm, now owns and operates 45 properties with more than 14,000 units in seven[...]
Industrial sites sold at Camp Hall development in Charleston
CBRE has arranged the sale of two adjacent industrial development sites totaling 26.44 acres at Camp Hall in Charleston, according to a news release. Santee Cooper, the state-owned electric and water utility developing Camp Hall, sold the sites to Pure Development for $7.4 million, the release stated. Robert Barrineau, Brendan R[...]
HOT PROPERTIES: 312-unit property sold in North Charleston
A 312-unit multifamily property in North Charleston was sold in a deal arranged by Cushman & Wakefield and Greystone. They closed a Freddie Mac Optigo loan for Exchange at Windsor Hill, which was sold by Carter Funds and Barrymor Enterprises of NJ LLC to American Landmark Apartments for an undisclosed sum. Cushman & Wake[...]
Downtown Charleston luxury living development opens retail expansion
Charleston residents might recall when The Beach Co. broke ground on The Jasper in 2018. The 78-year-old company, which is known as a leader in residential and commercial real estate brokerage, development and property management, threw a party, touting The Jasper as a structure that would be looked upon as a “jewel in the[...]
Iconic downtown Charleston building revived as luxury condo development
An iconic Charleston building is about to take on new life and luster after an extensive makeover. The building at the corner of Wentworth and King streets, 71 Wentworth, is an especially interesting iconic structure in a city known for interesting, iconic structures. Designed by 19th century Charleston architect John Henry Deve[...]
HOT PROPERTIES: North Charleston hotel part of $137M sale
The Courtyard by Marriott at the North Charleston airport was one of 16 properties sold in a hotel portfolio acquisition that included more than 2,100 hotel rooms in nine states across the country. Commercial real estate services company CBRE said the deal is a joint venture between Dallas-based NewcrestImage and Phoenix-based H[...]
Johns Island multifamily property sells for $16.3M
Cushman & Wakefield arranged the recent $16.3 million sale of Forest at Fenwick, an 80-unit multifamily property located in Johns Island. The commercial real estate services firm’s John Phoenix, Richard Gore and Tyler Fish represented the seller, Southwood Realty/Triangle Real Estate, in the transaction. The multifamil[...]
