Colliers Report: Charleston office market anxiously awaits delivery of new construction

 

Research & Forecast Report Q4-2019 CHARLESTON | OFFICE Key Takeaways During the fourth quarter of 2019, the overall Charleston office market absorbed 64,329 square feet. New construction and upgraded space availabilities increased the overall average weighted rental rate to $25.72 per square foot during the fourth quarter of 2019. Due to completed construction outweighing absorption,…

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Historic McCrady’s Tavern property on the market for sale or lease

 

An almost 10,000-square-foot historic property at 2 Unity Alley is on the market for $5.95 million. Formerly McCrady’s Tavern, the listing is being managed by the Charleston Commercial Team of KW Commercial, a local real estate investment firm, and a key player in the downtown Charleston real estate market. The property is also available for…

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Colliers International Dealmakers: Recent purchases, sales, leases and investments in South Carolina

 

  Colliers International | South Carolina announced the following recently completed commercial real estate transactions from our offices across the state: Charleston, SC Mark Erickson, SIOR and Matt Pickard represented M2 Land, LLC in the purchase of a 15,000-square-foot industrial warehouse on 3.8 acres located at 3240 Industry Drive in North Charleston for $1,924,000. Columbia,…

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Charleston office advisors leased 10,562 SF at 1475 Long Grove Drive

 

Lee & Associates Charleston’s Reid Davis, CCIM, SIOR, Pete Harper, CCIM, and Cameron Yost, represented the Landlord, Long Grove Partners, LLC in the leasing of the soon to be built 10,562 SF facility located at 1475 Long Grove Drive, Mt. Pleasant, SC to the tenant, Ivybrook Academy who was represented by David Clark with Coldwell…

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Charleston office advisors leased 2,766 SF at The Truck Center

 

Lee & Associates Charleston’s Reid Davis, CCIM, SIOR, Pete Harper, CCIM, and Cameron Yost, represented the Landlord, 1014 St. Andrews Office Building, LLC in the leasing of 2,766 SF of Medical Office space located at 1014 St. Andrews Boulevard, Suite 210 B, Charleston, SC to the tenant, Advanced Dentistry of South Carolina, LLC who was…

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Charleston office advisors leased 2,000 SF at 1856 Belgrade Avenue

 

Lee & Associates Charleston’s Cameron Yost, Pete Harper, CCIM, and Reid Davis, CCIM, SIOR, represented the Landlord, 1856 Belgrade Avenue, LLC in the leasing of 2,000 SF of Flex Office space located at 1856 Belgrade Avenue, Suite B-2, Charleston, SC to the tenant, O’Dell Landscaping.    

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Freshfields Village now leasing office space

 

Freshfields Village and Northwood Retail are now leasing Class A office space. Located just 30 minutes from historic downtown Charleston, Freshfields Village sits in the sea islands. Situated in a high-traffic area at the crossroads of Kiawah, Seabrook and Johns Islands, this location offers immediate access to an amenity-rich shopping and dining center with every…

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ROI Commercial closes on +/-14,000 square foot retail center in Lexington

 

George Meetze, a Broker and Principal at ROI Commercial, represented the seller in the sale of a 14,000 square foot retail center at 924 E. Main Street, Lexington, SC. Sherri Burriss, also a Broker and Principal at ROI Commercial, represented the purchaser Midtown Fellowship. This will be the third location for the growing church, with…

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Coldwell Banker Commercial Caine Brokers represent local real estate transaction

 

Brokers from Coldwell Banker Commercial Caine’s Greenville and Spartanburg offices recently represented the following area real estate transactions from November: Sales Spartanburg:  Tim Satterfield of Coldwell Banker Commercial Caine represented Jasper Group, LLC (Seller) in the sale of a +4,541 SF office/retail building on +0.52 acre at 451 E. St. John St., to Richard Francis Company Real Estate Holdings,…

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Allen Wilkerson and Mary Winter Teaster of Colliers International assist Greater Columbia Chamber of Commerce in locating new office

 

Colliers International | South Carolina’s Allen Wilkerson and Mary Winter Teaster represented the Greater Columbia Chamber of Commerce in locating office space at 1225 Lady Street in the heart of Downtown Columbia’s central business district. The new office location will allow the Chamber to create efficiencies within its space while modernizing operations and technology. “The…

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Coldwell Banker Caine announces new residential and commercial partnership

 

Partnership with Red Oak Developers for upcoming community, Piedmont Village Coldwell Banker Caine and Coldwell Banker Commercial Caine announced a new partnership to manage the sales and marketing of Piedmont Village, a residential and commercial community in Piedmont, SC. Red Oak Developers had the vision to revitalize this charming historic mill village into a thriving…

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Posted in: upstatebizsc   Category: commercial-real-estate, on-the-move, residential-real-estate

RealOp Investments sells three assets totaling $13.365M

 

Leading commercial real estate investment firm, RealOp Investments has sold three properties in South Carolina and Georgia. The three properties totaling $13.365M in sales and 82,849 square feet are: Shoppes At 72 Bypass – 474 Bypass 72 NW, Greenwood, South Carolina The two tenant 5,711-square-foot Greenwood retail center was fully leased at the time of…

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OTO development enters St. Pete Beach hotel market

 

South Carolina hotelier purchases, plans to renovate Howard Johnson OTO Development has jumped into the seaside hotel market in St. Pete Beach by purchasing the Howard Johnson by Wyndham St. Pete Beach FL Resort Hotel. The purchase was finalized on December 5 between the Reagan Family Trust and OTO Development. “We are continually surveying the…

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NAI Columbia represented the tenant in the lease of 6,980 square feet of space at 1307 Marley Drive

 

NAI Columbia’s John Gregory, PE, and Alex Johnson represented the tenant, Pye-Barker Fire & Safety., in the lease of approximately 6,980 SF of flexible space at 1307 Marley Drive in Columbia, South Carolina. “Given Columbia’s tight warehouse/flex market, it was difficult to find a space that met Pye Barker’s logistical and geographical needs. Through being…

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LCK Report: South Carolina Construction Starts are Down

 

  Research & Forecast Report Q3-2019 SOUTH CAROLINA | CONSTRUCTION TRENDS   Key Takeaways Statewide construction starts have decreased across most sectors over the past year while indicators tracking pre-development activities are up. Construction activity is expected to remain strong in 2020 with only a moderate slowdown over 2019. Construction costs across all sectors are…

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BayFront Development Launch

 

Real estate decision making can be complicated and stressful. No matter how large or small, the process can be overwhelming for any company. Thus, Ron Sutphin Jr. created BayFront Development to help alleviate this challenge for companies both large and small. With over 35 years of collective experience in construction, development, and management — the…

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Posted in: lowcountrybizsc   Category: commercial-real-estate, on-the-move

BayFront Development Launch

 

Real estate decision making can be complicated and stressful. No matter how large or small, the process can be overwhelming for any company. Thus, Ron Sutphin Jr. created BayFront Development to help alleviate this challenge for companies both large and small. With over 35 years of collective experience in construction, development, and management — the…

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Posted in: midlandsbiz   Category: commercial-real-estate, on-the-move

Milton Thomas, CCIM, SIOR sold 1.20 acres in Moncks Corner

 

Lee & Associates Charleston’s Milton Thomas, CCIM, SIOR, represented the Seller, First Citizens Bank & Trust Company in the sale of 1.20 Acres of land located at 646 Rembert C. Dennis Boulevard in Moncks Corner, SC to the Buyer, 2418 N. Main, LLC.      

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BayFront Development

 

BayFront Development, LLC specializes in Site Selection, Build-to-Suit Opportunities, Public-Private Partnerships, Land Acquisition, Leasing & Consulting Services. Between the two partners, there is over 35 years of collective experience in construction, development, and management. This body of knowledge enables our valued client base to reap the benefits of a large firm, while engaging with local…

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Argentina Perez transitions to new role as Property Administrator at Colliers International

 

Colliers International | South Carolina announces that Argentina Perez has transitioned to a new role with the firm as a Property Administrator within the Real Estate Management Services (REMS) team. As a Property Administrator, Perez is responsible for supporting the administrative responsibilities of the Property Manager and building engineering team in the daily operations and…

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Charleston office advisors sold 6,306 SF Bank at 337 E. Main Street

 

Lee & Associates Charleston’s Cameron Yost, Reid Davis, CCIM, SIOR, and Pete Harper, CCIM represented the Seller, Pinnacle Bank in the sale of a 6,306 SF Bank used as an office located at 337 E. Main Street in Moncks Corner, SC. The Buyer, Manzi Opportunity Zone, LLC was represented by Trey Lucy and Blair Belk…

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Nicholson joins Flagship Commercial

 

Chisolm Nicholson recently joined Flagship Properties, an Upstate-based real estate company that offers commercial sales, leasing, and property management services. Nicholson’s role at the real estate organization will include commercial sales and leasing, along with support of the company’s marketing, research, and financial analyses. Previously, he worked with a local real estate company where he…

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Colliers International brokers lease extension at 1900 Pineview Road

 

Colliers International’s Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard and John Peebles represented Carolina Industrial Properties in a ten-year lease extension for Alpha Media at 1900 Pineview Road in Columbia. “The ownership agreed to make substantial improvements to the property that will serve Alpha Media for many years. Alpha Media is a great asset…

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Colliers Report: Charleston shop types match changing consumer preferences

 

Key Takeaways The Charleston retail market absorbed 204,454 square feet of shopping center space during the third quarter of 2019. Overall weighted rental rates for remaining shopping center space averaged $16.59 per square foot this quarter – lower than the first two quarters of this year – mostly due to lesser quality space remaining in…

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Colliers International represents Reger Holdings in 280,000-square-foot lease at 10700 Farrow Road

 

Colliers International’s Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard and John Peebles represented the landlord in leasing space to Jushi USA at 10700 Farrow Road in Columbia. The property is part of the Carolinas Industrial Properties portfolio, owned by Reger Holdings LLC, which consists of 39 buildings, 5.5 million square feet and 55 tenants…

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Cushman & Wakefield | Thalhimer reports the following recent lease transactions in the Charleston area

 

Wells Fargo Bank NA leased 30,848 square feet of office space in The Jasper at 320 Broad St., Charleston, SC.  Ed Kercher handled the lease negotiations on behalf of the tenant. Konica Minolta Business Solutions USA, Inc. renewed its lease of 3,071 square feet of office space at 3520 W. Montague Ave., North Charleston, SC. …

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Trinity Partners represents purchaser in sale of 5506 Platt Springs Road, Lexington, SC

 

Trinity Partners recently facilitated the land sale of 1.6 acres at 5506 Platt Springs Road in Lexington, South Carolina. Partners Nick Stomski, SIOR and Roger Winn, SIOR of Trinity Partners represented the purchaser, AllSouth Federal Credit Union, in the transaction. The seller, RPW Publishing Corp., was represented by Southern Visions Realty. “Given his expertise on…

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DP3 Architects, Ltd. announces leadership transition

 

Brian S. Thomas, AIA has been named President and Chief Operations Officer of DP3 Architects, Ltd. assuming responsibility for the day-to-day management of the firm. Thomas graduated from Clemson University where he earned undergraduate and Master of Architecture degree. He has been with the firm since 1993 and is the restaurant studio leader for the…

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Wilson Kibler releases third-quarter industrial market reports

 

Columbia Industrial Market Continues to Thrive Despite National Economic Concerns For most of the period since May, the yield spread has been negative as a result of tightening monetary policy—a reflection of investor pessimism about inflation and growth that has been exacerbated by the trade war. In early October, though, the spread turned slightly positive…

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Wilson Kibler releases third quarter market reports: Columbia sees growth in suburban office market

 

For most of the period since May, the yield spread has been negative as a result of tightening monetary policy—a reflection of investor pessimism about inflation and growth that has been exacerbated by the trade war. In early October, though, the spread turned slightly positive following the announcement that the United States and China had…

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Colliers International brokers represent the landlord and tenant in the leasing of office space to United Community Bank at 1901 Main Street

 

Colliers International | South Carolina’s Allen Wilkerson represented the landlord, AgFirst Farm Credit Bank, and Craig Waites represented the tenant United Community Bank, in leasing office space at 1901 Main Street in downtown Columbia. United Community Bank, headquartered in Blairsville, Georgia, entered the South Carolina market in 2012 and now has 147 offices in South…

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ROI Commercial recently completed the following transactions

 

ROI Commercial Brokerage team George Meetze and Sherri Burriss worked together to co-broker the following transactions: • Represented the landlord in the lease of 28,000 SF of office/warehouse space located at 971 Harbor Drive in West Columbia to Trane US, Inc. This new location will serve as a regional location for Trane Carolinas, which is…

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Colliers Report: South Carolina statewide industrial activity intensifies

 

Key Takeaways South Carolina industrial markets continue to absorb record-breaking square footage, this quarter alone the state absorbed 5.43 million square feet. Rental rates continue in an upward trend and averaged $4.32 per square foot during the third quarter of 2019. For additional commercial real estate news, check out our market reports here. South Carolina Ports…

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Trinity Partners represents seller in sale of 2825 Rivers Avenue, Charleston for $335,000

 

Trinity Partners recently facilitated the sale of 2825 Rivers Avenue, a 4,875 square foot building, in Charleston, South Carolina. Trinity Partners Brokerage Associate, Alex Waelde, represented the seller, Jay Nagy, in the transaction. The buyer, Roetech Enterprises, Inc., was represented by Sadler Group of Charleston, LLC. The property is well-located on Rivers Avenue within close…

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Experienced realtors join Flagship Commercial

 

Bart Coleman and Boomer Coleman recently joined Flagship Properties, an Upstate-based real estate company that offers commercial sales and leasing, and property management services. At Flagship Properties, Bart and Boomer will concentrate on retail and distribution-facilities leasing and development. They are integral to the Pelham-Milestone site project; one of the last undeveloped retail parcels in…

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Tiffany Glover and Mary Lewis of Colliers International receive the REMS Certified Assistant designation

 

Colliers International | South Carolina’s Tiffany Glover and Mary Lewis received the REMS Certified Assistant (RCA) designation through the Colliers University platform. The RCA designation program consists of laborious coursework and is designed to accelerate careers in property management with a curriculum proven to create excellent client experiences and deliver the greatest possible results. “Taking…

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Colliers Report: Columbia retail has a steady third quarter

 

Key Takeaways The Columbia shopping center market absorbed 17,717 square feet during the third quarter of 2019; non-core retail space posted negative absorption of 17,583 square feet, while core retail shops absorbed 35,300 square feet. Pop-up shops may appear throughout retail centers more frequently in the next few quarters. Pop-up shops: a bridge to fully…

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Charleston office advisors leased 2,522 SF at 3955 Faber Place Drive

 

Lee & Associates Charleston’s Pete Harper, CCIM, Reid Davis, CCIM, SIOR, and Cameron Yost represented the Landlord, Faber Charleston Limited Partnership in the leasing of 2,522 SF of Office space located at 3955 Faber Place Drive in North Charleston, SC to the tenant, J.M. Wilson Corporation in September.

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Magnus Development Partners breaks ground on new 180,000 sq ft manufacturing facility

 

Magnus Development Partners continues the development momentum in 2019 with the groundbreaking of Midway Logistics V, a new 180,000 square-foot Class “A” build-to-suit project located in the Lexington County Industrial Park (LCIP). The building will be fully occupied by Kardex Remstar, a Switzerland-based automated storage and retrieval solutions supplier. Occupancy is expected by the second…

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Posted in: midlandsbiz   Category: commercial-real-estate, construction, on-the-move

Cushman & Wakefield | Thalhimer welcomes Senior Portfolio Manager in Charleston

 

Cushman & Wakefield | Thalhimer announces that Lindsay R. Denny has joined the Commercial Property Services team as Senior Portfolio Manager in their Charleston, South Carolina office. Ms. Denny Lindsay has more than 15 years of experience working in the property and project management fields. She will be handling a mixed portfolio of office, retail…

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Blaze Partners acquires Planters Crossing Apartments in Charleston

 

Blaze Partners, LLC announced the acquisition of Planters Crossing Apartments, a 256-unit apartment community located in the North Charleston submarket of Charleston. The asset was acquired by a newly-formed affiliate in a transaction that closed in October 2019. Planters Crossing, located in the heart of North Charleston, offers residents proximity to many of Charleston’s largest employers and the area’s abundant…

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Dominion Realty Partners acquires 180,234 SF office portfolio in Columbia

 

Dominion Realty Partners (DRP) announces the purchase of three buildings in the Synergy Business Park. The 180,234 square foot Office Portfolio is in the highly regarded St. Andrews sub-market of Columbia, SC.  This acquisition adds to DRP’s existing 316,000 square foot office portfolio it acquired in 2018, totaling over 496,000 square feet of office combined…

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Randolph joins BlackStream International as residential and commercial agent

 

Residential and commercial real estate agent Robbie Randolph has joined BlackStream International Real Estate, a Christie’s International Real Estate affiliate based in Greenville but serving the entire Upstate of South Carolina. In his new role as a member of the award-winning BlackStream | Christie’s International team, Randolph draws on his considerable real estate knowledge to…

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Posted in: upstatebizsc   Category: commercial-real-estate, on-the-move, residential-real-estate

Colliers Report: Columbia’s industrial market is stable with positive absorption

 

  Research & Forecast Report Q3-2019 COLUMBIA, SC | INDUSTRIAL   Key Takeaways Columbia’s industrial market absorbed 627,170 square feet during the third quarter of 2019. Due to Columbia’s central location within a state thriving on industrial manufacturing and distribution, industrial activity is predicted to be steady in the coming quarters. Robotics are shifting much…

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ROI Commercial, LLC

 

ROI Commercial is a full-service commercial real estate firm based in Columbia, SC, consists of all seasoned professionals with over 60 years of combined experience. The team’s in-depth knowledge and experience covers all aspects of commercial real estate to include Retail, Office, Industrial, Land and Investments within all specialties. ROI Brokers are committed to maintaining…

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Posted in: midlandsbiz   Category: commercial-real-estate

ROI Commercial closes on +/-21,000 square foot flex building in Lexington County

 

Sherri Burris, a Broker and Principal at ROI Commercial, represented Radius Church in the purchase of a 21,000 square foot office and flex building and 4.68 acres at 4335 Augusta Hwy, Gilbert, SC. This will be the new location for the growing congregation that currently meets at Rocky Creek Elementary. George Meetze, a Broker and…

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Trinity Partners Columbia office hires brokerage associate William Mills

 

Proven retail and office specialist joins commercial real estate firm  Trinity Partners announced the addition of William Mills to its brokerage team of commercial real estate professionals at its Columbia, South Carolina office. Specializing in the leasing and sales of retail and office properties, Mills will partner with Director of Brokerage Services, Rob Lapin, and…

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Horizon Commercial

 

Leaders in commercial real estate. Looking to lease retail, building or office in Columbia, Greenville or Lexington South Carolina? Contact us today!

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The Beach Co. Treasurer awarded by Charleston CFO Council

 

Pat McDermott, treasurer and controller at The Beach Company, was recently honored with the 2019 Senior Financial Executive (SFE) Award by the Charleston CFO Council, the region’s premier organization for senior financial executives. A dedicated employee of The Beach Company for 22 years, McDermott was recognized in the medium-sized company category (50 to 249 team…

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Posted in: lowcountrybizsc   Category: accounting, commercial-real-estate, on-the-move, residential-real-estate

Avison Young – South Carolina, Inc. (Charleston & Savannah, GA) commercial real estate transactions

 

Charleston, SC Market 10/11/2019 Avison Young commercial real estate is pleased to announce that Todd Garrett, CCIM,SIOR ,Tradd Varner , and Daniel McClam represented BPG SR Adults Trust Agreement in the leasing of 6,850 sf industrial space located at 3440-B Buffalo Avenue in North Charleston, South Carolina, to National Convenience Solutions. Contact: Todd P. Garrett,…

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