Charleston Commercial handles sale of 438 King St. to Miami restaurant
September 7, 2021
Charleston Commercial, a key player in the local commercial real estate market, has brokered several deals on King Street this summer, including the sale of 438 King St. to a Miami-based restaurant.
The three-story property totalling almost 9,000 square feet sold for $5,995,000. The mixed-use property and lot was sold by ROA LLC. The interior space features a high-end retail suite and two additional floors.
The buyer is Le Chick, a Miami restaurant founded by Coco Coig and Jorge Sanchez. The restaurant concept was inspired by Rotisserie Amsterdam, the Dutch hotspot known for its delectable rotisserie chicken and burgers. Plans are to open a Le Chick location at 438 King St. at the end of 2022.
Charleston Commercial – led by C. Kendrick and managing director Joshua Schaap – was also instrumental in leasing three other retail spaces on King Street, an indication that the commercial real estate market is alive and well in downtown Charleston.
The firm leased the 1,650-square-foot space at 550 King St. to OddFellows Ice Cream Co. The small-batch ice cream shop started in Brooklyn and is known for creating wacky and weird ice cream flavors along with reimagined classics. OddFellows plans to open this fall. The space, anchored by Hyatt Hotel, was formerly occupied by Revelator Coffee.
Charleston Commercial handled the lease of 564 King St., a 1,422-square-foot space anchored by Hyatt Hotel. It will be the new home of The Drip Lounge, a medical spa administering FastVitaminIV, a blend of 19 vitamins, minerals and amino acids designed to boost exercise intensity and recovery as well as improve concentration, mood and sleep.
Dr. Craig Koniver, founder of Koniver Wellness in Charleston, is the creator of FastVitaminIV. His clients include professional athletes, Fortune 100 executives, politicians and celebrities.
Lastly, Charleston Commercial handled the leasing of 328 King St. to European clothing and fashion accessories brand Brandy Melville. The company will lease the corner retail space formerly occupied by Jos. A Bank.
“King Street is as vibrant as ever,” Schaap said. “These recent transactions demonstrate how much interest there is in downtown Charleston. From the expansion of local businesses to new businesses coming to town, this area is really booming. It’s an exciting time for retail and commercial space on King Street.”
The Charleston Commercial team is skilled at handling both high-profile and complex deals in the heart of downtown Charleston and around the region. In 2020, they brokered the sale of the former R.B.’s Seafood Restaurant on Shem Creek for $7 million. And in the last several years, the firm brokered or participated in 19 property acquisitions in downtown Charleston, totaling more than $74 million.
About Charleston Commercial
Charleston Commercial is a fully integrated commercial real estate group located in Charleston, S.C., specializing in commercial brokerage and asset management for a wide range of property types, including retail, medical office, office, multi-family, hospitality, urban infill, and industrial properties. The firm offers a broad range of incorporated services to see assignments through from start to finish. Services range from market prospecting, acquisition, value creation (including entitlements, zoning, approvals, and development oversight), leasing, asset management, and disposition. Reach Charleston Commercial at 843-670-5727.
