The Town of Mount Pleasant lists ±38 acres on Faison Road for sale with Colliers
May 15, 2024
The Town of Mount Pleasant selects Markus Kastenholz, CCIM CPA and Remington Beatty from Colliers | South Carolina to represent sale of Faison Road parcel
Through a public request for proposals process, the Town of Mount Pleasant has hired Colliers to sell its Faison Road parcel, a strategic move aimed at fulfilling the Town’s evolving needs. To ensure the parcel goes to the right developer, the Town of Mount Pleasant has enlisted the expertise of Markus Kastenholz, CCIM CPA and Remington Beatty from Colliers | South Carolina’s Land and Capital Markets team. The Town’s current vision is to create a sustainable local economy that encourages economic vitality, promotes fiscal integrity and increases the local standard of living while preserving and enhancing the quality of life in Mount Pleasant.
The ±38-acre Faison Road parcel comprises ±33 usable acres and ±5 acres of wetlands. The upland wooded lot sits next to the Mount Pleasant Regional Airport near Costco Wholesale and Carolina Park Recreational Complex, currently zoned as a Planned Development District (PDD). The Town purchased the Faison Road parcel in 2021 to meet several of the Town’s strategic objectives including workforce housing, economic development and a civic center. The availability of the Faison Road parcel represents an exciting opportunity for developers to contribute to the continued growth and prosperity of Mount Pleasant.
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The Town’s objectives encompass establishing Mount Pleasant’s reputation as a regionally competitive and welcoming destination for economic development, attracting and retaining businesses with high-wage jobs in target clusters, ensuring clarity and predictability in development patterns, removing barriers to development within target clusters, expanding the use of economic development incentives and prioritizing quality of life initiatives to support the local workforce and residents.
Kastenholz, a seasoned commercial real estate professional, and Beatty, an expert in developmental land and investment properties, will work closely with the Town to facilitate a seamless transaction. Their combined expertise and market knowledge will ensure the Faison Road sale and development aligns with the Town’s vision and objectives. They are part of the Land and Capital Markets team, specializing in the sale of investment properties in South Carolina as well as nationally. Kastenholz and Beatty provide clients with expert advice and innovative solutions to achieve their real estate objectives. With a focus on client satisfaction and market knowledge, the team is dedicated to delivering exceptional service and results.
“We are thrilled to partner with the Colliers team,” said Town Administrator Eric DeMoura. “Their extensive experience and dedication to client satisfaction make them the perfect partners to assist us in this important endeavor. The Town looks forward to working with Colliers to identify the right developer and ensure the parcel’s development meets the community’s needs.”
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.
