Colliers facilitates relocation and sublease of office space for BusinessLoans.com
June 5, 2024
Colliers’ Will Ederle has completed multiple lease transactions on behalf of BusinessLoans.com. This was done to successfully relocate the company into a larger and more strategic office location to accommodate its future growth.
The company’s previous ±2,756-square-foot space at 1640 Meeting Street has been subleased to Green Rock, allowing for an easy transition into a newly leased ±7,062-square-foot office location less than one mile away at 804 Meeting Street in downtown Charleston.
BusinessLoans.com has grown steadily over the past several years, outgrowing its existing space and necessitating a relocation to accommodate continued expansion of its team and services. Its new office location downtown offers a wider range of amenities for employees with room for continued growth.
Colliers was able to advise BusinessLoans.com through a multi-layered strategy to sublease the company’s existing office to Green Rock at an above-market rate, which allowed it to cover all costs associated with the sublease transaction and take advantage of a new lease opportunity.
BusinessLoans.com is an online lending platform connecting small businesses with lenders to obtain financing for growth. Its streamlined process allows entrepreneurs to quickly find and compare loan options from multiple lenders. The company has facilitated funding for thousands of businesses across the U.S.
“In Charleston’s highly competitive market, the demand for Class A office space consistently exceeds the available supply,” said Will Ederle, Brokerage Associate at Colliers. “Recently, BusinessLoans.com sought our expertise to find a new downtown space, and we were thrilled to secure a prime location on their behalf while subleasing their current space to help the company continue growing expeditiously.”
Ederle is a member of Colliers’ office brokerage team, representing owners, buyers and tenants in the purchase or lease of office space throughout the Charleston market and along the coast of South Carolina.
About Colliers
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 66 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 23 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 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. With annual revenues of $4.3 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, X @Colliers or LinkedIn.
