Holder Properties announces sale of four-building class A office portfolio
November 20, 2017
Holder Properties, a privately held full-service commercial and residential real estate developer, announces the sale of a four-building class A office portfolio totaling approximately 252,000 square feet in the Charleston area. A joint venture between Cobalt Property Group based in Charleston, SC and Garrison Investments based in New York City purchased the portfolio which is comprised of 174 Meeting, Faber Pointe, 1 Central Island Plaza and 3800 Paramount Drive. The fully leased buildings boast a mix of best-in-class local, regional and national tenants. Holder Properties will continue to manage the four office buildings on behalf of the new owners.
“We are proud to be an integral component of the Charleston business community, and our commitment will continue through the management of these properties and the development of new projects now and in the future,” said John Holder, Chairman and CEO of Holder Properties.
Holder Properties has been an active developer in the Charleston market since 2006 developing nine buildings totaling over 800,000 square feet. The company is currently under development with another 280,000 square feet including River Oaks Center, a multi-tenant class A office building located off of Leeds Ave and I-526, and Blackbaud’s new corporate headquarters located on Daniel Island.
