Iconic King and Calhoun Redevelopment 100% leased, NAI Avant represents landlord in Downtown Charleston, SC
October 21, 2015
CHARLESTON, SC – NAI Avant is pleased to announce that the King and Calhoun redevelopment is 100% leased with three tenants open for business and two more set to open in the coming months. Thomas Boulware, VI, CCIM and Dexter Rumsey, IV, both senior brokers with NAI Avant’s Charleston office, represented the landlord, King and Calhoun, LLC, in leasing all available retail space in the premier redevelopment located on one of the peninsula’s most coveted corners. Millennium Music was the former tenant in the long vacant building located in downtown Charleston directly across from Marion Square at the corner of King Street and Calhoun Street.
The anchor tenant, Walgreen’s Drugstore, occupies ±11,000 square feet of ground-level space at the main corner of the redevelopment. The neighborhood market style store opened their doors to the public recently with an eclectic layout to reflect downtown Charleston’s style.
Chipotle Mexican Grill, the fast-casual Southwester-style dining chain opened to an enthusiastic crowd in March of this year and occupies the adjacent ±3,079 square feet of space fronting King Street. Alan Freeman with The Shopping Center Group represented the tenant in this transaction.
Carolina Ale House restaurant also recently opened its doors. The Raleigh-based chain currently occupies ±11,644 square feet, including a rooftop bar area. Jefferson Dill with J.R. Dill and Associates, LLC, represented the tenant in this transaction. Carolina Ale House now offers downtown Charleston a roof top venue with a sports bar atmosphere.
MOD Pizza has signed a lease and will occupy ±2,345 square feet. This will be the restaurant’s first South Carolina location. Dan Mullin with Atlantic Retail represented the tenant in this transaction.
Panera Bread will also open in the coming months. The well-known restaurant will occupy ±3,235 square feet. Dan Mullin with Atlantic Retail represented the tenant in this transaction as well. Southern Bread, LLC, is the owner/operator of seventeen Panera Bread locations in South Carolina and Georgia, with an additional four more restaurants to be added by the end of 2015.
About NAI Avant
NAI Avant’s commercial real estate business is one of the largest in the Southeast. With over 65 professionals, the firm provides comprehensive brokerage, leasing, development, property and project management services. For nearly three consecutive decades, the group has had more of its brokerage professionals recognized as top producers or recipients of the top awards than any other firm in South Carolina. As a member of the NAI Global Network, NAI Avant is affiliated with over 350 offices and 5,000 professionals in 55 countries across the globe. NAI Global is the largest independent commercial real estate service provider worldwide and a wholly owned subsidiary of C-III Capital Partners. NAI Avant’s Property and Project Management Group currently manages a multi-million square foot portfolio of properties across South Carolina, North Carolina, and Georgia. Through its Avant Healthcare Division, the firm provides comprehensive services to hospitals, clinics, and physician groups. NAI Avant, founded in 1966, is headquartered in Columbia, SC with an office in Charleston, SC. Find out more about NAI Avant and its services at www.naiavant.com. Be sure to follow us on Twitter @NAI Avant and like us on Facebook.
