Real estate investment firm Redline Property Partners has purchased a vacant 5,057-square-foot building located at 309 King St. in the heart of downtown Charleston.
The purchase represents Redline’s second investment in the Charleston area in the past 11 months, according to a news release from the company.
“This transaction signifies our ongoing commitment to investing in Charleston and the Carolinas,” said Redline President and Managing Partner Andrew Webb in the release.
Financial details of the transaction were not disclosed.
309 King St. is a newly renovated, two-story building in the thick of downtown Charleston’s historic luxury shopping district, the release stated. Built in 1810, the brick-and-timber building also features an outdoor patio and rear parking.
The property, between George and Liberty streets, formerly housed the Mellow Mushroom, and counts the Apple store and Pottery Barn as nearby neighbors.
Nick Tanana and Brady Dashiell with Cushman and Wakefield represented the seller and were key to the transaction, according to the release.
Founded in 2017, Redline Property Partners is a privately-owned commercial real estate investment, management and development firm specializing in office, creative office/flex, retail and adaptive reuse projects in the Carolinas and Minnesota.