Colliers brokers sale of 25.44-acre land tract for new townhome development in Lexington, SC
August 22, 2023
Craig Waites of Colliers | South Carolina brokered the sale of a 25.44-acre tract of land on Carlen Avenue in Lexington, SC. Colliers represented the seller, Three Rivers Land Development Group.
The property at Carlen Avenue will be developed into single-family detached units and townhomes in the Town of Lexington through a partnership between Eastwood Homes and LandTech, LLC.
LandTech, LLC of South Carolina is a private real estate development, marketing and management firm headquartered in Columbia, SC that specializes in the development of family-friendly communities.
Eastwood Homes is a privately held residential builder with over 45 years of experience in the home building industry currently serving communities throughout North Carolina, South Carolina, Georgia and Virginia.
The housing market in Lexington, SC has seen steady growth and consistent high demand over the past few years with a notable increase in property values. The area around the site at Carlen Avenue boasts the perfect balance between quiet suburban living and access to urban conveniences including easy interstate access, making it a highly sought-after location for housing in Lexington, SC.
Waites is a Managing Director at Colliers specializing in land brokerage, planning and the entitlement process to enhance value for landowners. He also has experience in the handling of extensive zoning efforts, permitting, consultation and predevelopment issues associated with area municipalities and the South Carolina Department of Transportation.
About Colliers
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 62 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 19 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
