Washington D.C. Investment Firm Purchases Properties at 363 – 365 King Street
June 13, 2012
CHARLESTON, SC – June 13, 2012 – Jennifer Davis, President of Domicile Real Estate Brokerage, announced the all-cash sale of the properties located at 363 – 365 King Street in downtown Charleston to an affiliate of Foxhall Partners, a Washington D.C. based investment firm.
Foxhall Partners is pleased to acquire its first properties on King Street in downtown Charleston. Our investment in 363 and 365 King Street is indicative of Foxhall’s commitment to investing in high barrier to entry urban neighborhoods, particularly those with leading academic institutions, said Matt Wexler of Foxhall Partners.
Added Brian Friedman, Charleston’s historic downtown is ripe for the restoration and revitalizing of older properties, a key component of Foxhall’s investment strategy. Wexler and Friedman are Foxhall’s managing partners.
These 19,373 square foot mixed-use properties are fully leased and include two street level retail stores and 21 rental residential units. Charleston city zoning allows for 67,000 square feet to be built on the site.
Foxhall Partners is a commercial real estate investment firm that specializes in opportunistic, value-added and core-plus equity and participating debt investments in the Washington D.C. and Charleston metropolitan areas, with primary focus on urban and infill neighborhoods.
