Colliers International completes $10,000,000 combined sales of two properties in the epicenter of Charleston’s tourist hub, North Market and East Bay Street
November 11, 2014
CHARLESTON, SC – Colliers International Charleston’s Daniel Pellegrino, Hagood Morrison, SIOR and Peter Fennelly, MCR, SIOR represented the sellers in the disposition of two downtown Charleston properties. They represented Papillion Luvr, LLC in the $2,000,000 sale of the 5,215 square foot property located at 235 East Bay Street, Molly Darcy’s Irish Pub and Restaurant, to East Bay 7, LLC. They also represented the seller Baked Custard, LLC in the $8,000,000, 11,949 square foot, disposition of 40 North Market Street, the Rainbow Market, to Rainbow Market Group, LLC. Both parcels equal approximately 1.07 acres.
Pellegrino is a Brokerage Associate in the Colliers International Charleston office specializing in investment and hotel brokerage. He has been active in assembling sites for downtown hotels. Morrison, Senior Vice President and Principal, Colliers International | South Carolina, Charleston office, specializes in logistics and industrial brokerage. He is the former head of the Colliers National Logistics Practice Team. Fennelly is Market President of the Charleston office specializing in the leasing of office and industrial properties, representing both landlords and tenants in all phases of negotiations.
ABOUT COLLIERS INTERNATIONAL
Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.
Colliers International South Carolina has over 140 staff members, including 60 real estate professionals. Total brokerage volume for the firm in 2013 was approximately $350 million involving over 550 sales and leasing transactions. Colliers International is the largest manager of commercial property in South Carolina and is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM), with a portfolio of approximately 10.6 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 45 professional designations, the most of any firm in South Carolina.
