HOT PROPERTIES: NAI closes $4M sale of Summerville restaurant building

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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 redeveloped by the buyer, Woodhaven Development Group LLC.

Sherrod represented the seller, Flour-Town Holdings LLC, and Micah Groeber with Atlantic Retail represented the buyer. The property sold for $4,006,250.

“The real estate along the N. Main Street corridor in Summerville continues to show significant value and demonstrates the demand for well-positioned retail assets in the market,” Sherrod said in an announcement.

Hot Properties highlights recently sold or leased commercial properties in the Charleston region. Send in your transactions using our online form. Other recent commercial real estate transactions include:

Kristen Krause of Coldwell Banker Commercial Atlantic represented the seller in the sale of 2,500 square feet on 1.29 acres of commercial redevelopment space at 1905 Old Trolley Road in Summerville, for $1.5 million. Michael Silverman of TSCG represented the buyer.

Lee & Associates represented the seller in the sale of just under a quarter-acre of land at 56 State St. in downtown Charleston. The property sold for $4,750,000 to SSI Fund Acquisitions LLC.

Kip Bowman and Sara Bodell of Coldwell Banker Commercial Atlantic represented the tenant, Aspen Fencing LLC, in the lease of 4,533 square feet of industrial warehouse space at 4509 Savannah Highway in Ravenel to 1667 Meeting Street LLC. Joseph Teckenburg of CCTRE represented the landlord.

Vitré Ravenel Stephens & Taylor Sekanovich of Harbor Commercial Partners represented the landlord, McDew LLC, in the lease of 1,210 square feet of retail space for Unit E at 5117 Dorchester Road in North Charleston to S. Rochelle Richardson.

Patrick Nealon of Colliers represented JP Morgan in the lease of 3,509 square feet of retail space at 1260 Appling Drive in Mount Pleasant to II Brunettes.

Markus Kastenholz of Colliers represented McNeel Properties in the purchase of 1.5 acres of land at 107 Traders Cross in Bluffton.

Robert Pratt of Re/Max Pro Realty represented the buyer, Dentvestment LLC, in the purchase of 3,337 square feet of medical space at 1709 Old Trolley Road in Summerville from 1709 Old Trolley Road LLC for $1.1 million.