Federal Capital Partners And Roi-Tan Investments Sign Multiple Leases At Cigar Factory In Charleston, SC
May 6, 2015
CHARLESTON, SC – Federal Capital Partners® (FCP) and Roi-Tan Investments, LLC (Roi-Tan) have announced the signing of more than 22,000 square feet of new leases at the Cigar Factory, a redevelopment of the landmark historic building at 701 East Bay Street. These new tenants bring building leasing to more than 57% as the building continues to attract new economy tenants locally and from outside the region in advance of its completion in June 2015. Recently signed tenants include:
- Afaxys Pharmaceuticals (6,570 square feet), a provider of reliable, affordable access to healthcare products
- Palmetto Group (4,547 square feet), an American energy service company focused on solar, energy efficiency and other clean energy technologies. The Palmetto Group (www.Palmetto.com) is headquartered in Charleston, SC and is a social-impact company.
- Patterson Real Estate Advisory Group (1,150 square feet), a client-focused, commercial real estate investment banking group
- PlanSource (2,050 square feet), a leading health exchange and benefits technology company that provides cloud-based software for benefits shopping, enrollment, billing and compliance
- SolBright (1,911 square feet), providing turnkey project development, project management, technology expertise, utility compliance, contract administration, procurement and integration expertise to the emerging field of solar energy
- Shopping Center Group (1,497 square feet), a retail real estate advisory firm respected for its analytical approach, wide-ranging resources and industry leading results
- Snap Capital (3,355 square feet), a company committed to investing in small business
- The Mighty Shed (1,157 square feet), an innovative agency dedicated to forging brands through practicing creative alchemy
“The Cigar Factory is really coming together well. It has great bones and a unique DNA – even for Charleston,” said WECCO Principal, William Cogswell. “We appreciate all the support we have received and look forward to having these tenants in the building and additional retail and office announcements in the coming months.”
The Cigar Factory is being transformed into a first class, mixed use property that will include unmatched creative work/office space, signature restaurants and event space, high end retail and abundant parking. Tenants and visitors to the building will have numerous dining options including Indigo Road’s inventive food emporium project featuring Mercantile, with gourmet food stations; Mash, a 1,700 foot bar; and The Cedar Room, a large, private event space above the market. Fritz Porter’s design emporium will continue with the market concept, offering high quality, bespoke furnishings, fine art and fine, vintage and costume jewelry from a select group of vendors.
The Cigar Factory has been heralded for the meticulous restoration of its historic commercial architecture, with unique, high, exposed ceilings and sweeping views of the river, Ravenel Bridge and the city skyline. Located just a short walk from Upper King and its array of retail and restaurants, the Cigar Factory is well positioned to attract local and national tenants.
FCP and Roi-Tan extend their appreciation to Roadstead Real Estate Advisors, LLC and Palmetto Commercial Properties, Inc. for their representation on behalf of the landlord. We also extend our appreciation to Chris Cunniffe with Harbor City Real Estate for representing Afaxys and to Scott Altizer with Carolina One for representing PlanSource.
About Roi-Tan Investments, LLC
Roi-Tan Investments, LLC consists of local investors Walker Brock, William Cogswell, Mark Cumins, Todd Eischeid, John and Darrell Ferguson, John Tuck Morse, Richard Morse, Jerry Scheer, Chad Walldorf and Jay Weaver.
About Federal Capital Partners
Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $4.0 billion in assets since its founding in 1999. FCP invests in all asset classes and provides equity, preferred equity and mezzanine debt investments for commercial and residential real estate. The firm, based inChevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its third investment fund, a recently closed commingled, discretionary fund targeted at real estate markets on the East Coast of the United States. For further information on FCP, please visit www.fcpdc.com.
