Hot Properties, July 25 > Charleston Business Journal
Hot Properties highlights recently sold or leased commercial properties in the Charleston area. Send your transactions via our online form.
Ziff Real Estate Partners announced the sale of their co-ownership interest in Bridgeport II, located in Mount Pleasant, as well as their exclusive property ExtraSpace Storage located in Chicago Heights, Illinois.
Bridgeport II is located at the foot of the Arthur Ravenel Bridge in Mount Pleasant, five minutes from downtown Charleston and 20 minutes from Charleston International Airport. It benefits from Class A finishes, including a two-storey entrance hall with a koi pond, brick finishes and a roof terrace. Bridgeport II was the second phase of the Bridgeport office project and has a total leasable area of 30,000 square feet of space and parking.
ExtraSpace Storage was acquired by Ziff Real Estate Partners in 2011. Since the acquisition, the property has been expanded and renovated, according to a press release. Prior to the expansion completed in January 2019, the property did not feature non-air-conditioned units or rental parking, resulting in a struggle in operations against competition that offered both air-conditioned and non-air-conditioned unit types as well as parking. Chicago Heights added nearly 20,000 square feet of unconditioned self-storage space and 14 secure parking spaces within the existing facility property.
Ziff was represented in the sale by Gabriel Coe of Marcus and Millichap.
Todd Garrett, Tradd Varner and Daniel McClam of Avison Young represented 756 St. Andrews Blvd LLC in extending the lease of 2,100 square foot industrial space at 7187 Bryhawke Circle, Suite 900, North Charleston in Advanced Glass Services LLC.
Avison Young Commercial Real Estate said Rakan Draz, Craig Massey, John Odom and James McKay are representing The Whale CHS LLC in leasing 1,403 square feet of a commercial building at 1604 Meeting St. in Charleston from Refinery on Meet LLC.
NAI Charleston’s Scott Peevy has represented buyers in two recent investment transactions. A 7,450 square foot mixed-use industrial building at 4 Hunter Road in Hilton Head was purchased for $520,000. The second property is in Laurel, Mississippi at 1495 Pine Belt Drive. The single-tenant medical office building was purchased for $1,232,000.
Todd Garrett, Tradd Varner and Daniel McClam of Avison Young commercial real estate represented Infinger Family LLC in extending the lease of 3,000 square feet of industrial space at 4748 Franchise St., Sutite B, North Charleston for Go Earn It Clothing. Gia Lee of Marshall Walker Real Estate represented the tenant.
Avison Young’s Tradd Varner, Todd Garrett and Daniel McClam represented Shahriar Khazai in extending the lease of 15,000 square feet of industrial space at 2314 Air Park Road in North Charleston to Tidal Wave Water Sports.
Alan Bolduc, Courtney L. Marous, Kathleen Isola and Ryan Young of Avison Young represented Pidgeon Bay Properties LLC in the sale of three existing industrial buildings totaling nearly 25,000 square feet and proposed 16,200 square feet of new construction planning on 15.47 acres at The Shops at Pidgeon Bay located on Pidgeon Bay Road and W. Richardson Avenue in Summerville to 310 Industrial Road LLC.
Twin Rivers Capital LLC recently completed the sale of the Pamplico Crossing shopping center in Florence. The center, which is located at 1925 Mountain Laurel Court, is fully leased and anchored by Starbucks and Firehouse Subs. The 15,580 square foot center was also developed by TRC.
Jeremy Willits and Gerry Schauer of Avison Young commercial real estate represented Charlotte & Alexander LLC in leasing 2,247 square feet of office space at 90 Alexander St. in Charleston to Evening Post Publishing Newspaper Group. Sarah Shelley of NAI Charleston LLC represented the tenant.
Tradd Varner, Todd Garrett and Daniel McClam of Avison Young represented Oscar Johnson Road LLC and 522 Wando Lane LLC in the purchase of a 2,530 square foot industrial building at 2511 Oscar Johnson Drive in North Charleston from 2511 Oscar Johnson LLC. Joseph Tecklenburg of CCTRE represented the seller.
Contact Ross Norton at 864-720-1222.