Washington D.C. Investment Firm Purchases Properties at 363 – 365 King Street
June 15, 2012
CHARLESTON, SC – June 13, 2012 – JenniferDavis, President of Domicile Real Estate Brokerage, announced theall-cash sale of the properties located at 363 – 365 King Street indowntown Charleston to an affiliate of Foxhall Partners, a WashingtonD.C. based investment firm.
Foxhall Partners ispleased to acquire its first properties on King Street in downtownCharleston. Our investment in 363 and 365 King Street is indicative ofFoxhall’s commitment to investing in high barrier to entry urbanneighborhoods, particularly those with leading academic institutions,said Matt Wexler of Foxhall Partners. Added Brian Friedman,Charleston’s historic downtown is ripe for the restoration andrevitalizing of older properties, a key component of Foxhall’sinvestment strategy. Wexler and Friedman are Foxhall’s managingpartners.
These 19,373 squarefoot mixed-use properties are fully leased and include two street levelretail stores and 21 rental residential units. Charleston city zoningallows for 67,000 square feet to be built on the site.
Foxhall Partners is acommercial real estate investment firm that specializes inopportunistic, value-added and core-plus equity and participating debtinvestments in the Washington D.C. and Charleston metropolitan areas,with primary focus on urban and infill neighborhoods.
