Charleston’s oldest locally family owned full-service commercial real estate firm, Beach Commercial, a Division of The Beach Company, announced today that it facilitated the sale of a 620-acre tract of land in Jasper County, South Carolina for $16 million dollars.
Representing Atlanta-based Drapac Capital Partners, Beach Commercial brokered the sale of the large tract, which is fully entitled for 1,400-1,700 dwelling units, including single-family, multifamily and townhome residences, as well as 10 acres of commercial space.
The property is located within the town of Ridgeland off of Argent Boulevard near the main route linking Interstate 95 to Hilton Head Island, South Carolina.
“This tract is ideally situated in a location that is currently experiencing extensive growth and is primed for further development,” says Eddie Hughes with Beach Commercial. “Not only is it in close proximity to Interstate 95 and several fast-growing master-planned communities including Sun City Hilton Head and Latitude Margaritaville, but it also provides quick access to several retail and dining options as well as lifestyle amenities.”
Eddie Hughes with Beach Commercial represented the seller, and Jason Long with Southeastern Development Associates represented the buyer.