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Real Estate - Commercial

Daniel Island building sold to Midwest company for $61.5 million

Real Estate - Commercial
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The Benefitfocus building on Daniel Island has been sold and leased back to the company. (Photo/Provided)A Midwest company has purchased 215 Benefitfocus Way, the 145,800-square-foot building on Daniel Island for $61.5 million.

CBRE arranged the sale of the Class A corporate headquarters office building, which Benefitfocus leases long-term, CBRE said in a news release.

Chicago-based Zeller, an office owner and operator that’s been active in the Southeast since 2017, purchased the four-story, single-tenant property from an undisclosed seller.

The acquisition is part of a long-term commitment to invest in “growth-oriented markets with high-quality assets,” according to the release.

“Charleston’s impressive demographics, specifically job growth and population growth, continue to attract new capital sources from outside of the market,” CBRE's Patrick Gildea said in a statement. “Class A properties with nearby amenities continue to be the top targets for capital.”

Gildea, Matt SmithGrayson HawkinsCharles CarmodyChip Shealy and Cathy Delcoco represented the seller. The company’s Southeast Institutional Debt and Structured Finance Team, lead by Harris Ralston and C.J. Kelly, represented the buyer in the debt financing.

Zeller currently has 1.3 million square feet of assets under management in the Southeast.

Reach Teri Errico Griffis at 843-849-3144.

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