Markus Kastenholz, CCIM, CPA of Colliers |South Carolina represented the Henry Kuznik Trust in the $5.1 million sale of ±30.7 acres in Charleston County to an affiliate of the Aventon Companies.
The Henry Kuznik Trust was established by Mr. Kuznik to monetize his real estate portfolio and donate all proceeds to a charitable foundation to support various local causes.
“This land was one of Mr. Kuznik’s prized real estate holdings,” said Kastenholz, Vice President with Colliers | South Carolina. “He spent his career developing high-quality real estate projects and would be proud of the transformation of this site into such an attractive community. We determined the best use for the property and negotiated a beneficial transaction between the seller and buyer.”
The land is located near the intersection of Bees Ferry Road and Main Road in West Ashley and will be developed by the Aventon Companies into a 394-unit, Class A, fully amenitized apartment community.
“Charleston’s continued growth has propelled this location to the top of the list for a Class A apartment community,” said Ron Perera, Senior Managing Director at the Aventon Companies. “Our team worked closely with Colliers throughout the transaction and Markus’s knowledge of the market was extremely helpful.”
Kastenholz is part of Colliers’ investment sales team, specializing in the sale of investment properties in South Carolina as well as nationally.
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 18 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.