South Carolina

Miller-Valentine Breaks Ground on 200,000 SF Spec Industrial Building in Columbia

COLUMBIA, S.C. — Miller-Valentine Construction has broken ground on Midway Logistics III, a 200,000-square-foot speculative industrial building located in Columbia’s 350-acre Lexington County Industrial Park. Magnus Development Partners is developing the project. The building, designed for distribution and light manufacturing tenants, will feature 30-foot clear heights, LED lighting, an ESFR sprinkler system, 21 dock doors, two drive-ins and entries for tenant offices. In addition, the..

February 20, 2018

Binswanger Brokers Sale of 310,000 SF Industrial Building in Upstate South Carolina

LIBERTY, S.C. — Binswanger has brokered the sale of a 310,000-square-foot industrial facility located at 7240 Moorefield Memorial Highway in Liberty, a city in Upstate South Carolina. The single-story building is located roughly 17 miles west of Greenville and 35 miles from the Greer Inland Port. Doug Faris and Shaun Kirchin of Binswanger arranged the transaction on behalf of the buyer, Eliken Property Management LLC. Kidco Liberty LLC sold the property for an undisclosed price. Eliken plans..

February 14, 2018

CBRE Brokers Sale of 201,500 SF Industrial Park Near Charleston

MONCKS CORNER, S.C. — CBRE has brokered the sale of Foxbank Industrial Park, a 201,500-square-foot manufacturing and distribution facility located at 2550 U.S. Highway 52 in Moncks Corner, roughly 30 miles north of Charleston. Patrick Gildea, Bob Barrineau, Brandon Redeyoff and Matt Smith of CBRE arranged the transaction on behalf of the seller, JL Woode. CCP Commercial Real Estate acquired the park for an undisclosed price. Foxbank Industrial Park is situated on more than 30 acres and..

February 13, 2018

Berkadia Brokers $21.8M Sale of Multifamily Community in North Charleston

NORTH CHARLESTON, S.C. — Berkadia has brokered the $21.8 million sale of Ashley Village Townhomes, a 260-unit multifamily community located at 3311 Mountainbrook Ave. in North Charleston. Mark Boyce and Blake Coffey of Berkadia arranged the transaction on behalf of the seller, PEM Real Estate Group. Lurin Capital acquired the asset. Constructed in 1970, Ashley Village Townhomes includes one- to three-bedroom floor plans and features a renovated clubhouse, business center, fitness center,..

February 12, 2018

Trinity Capital, Durlach Associates Sell Office Building in Charleston for $36.4M

CHARLESTON, S.C. — Trinity Capital Advisors and Durlach Associates have sold Faber Plaza, a 125,822-square-foot office building located at 4400 Leeds Ave. in Charleston. Hall Capital purchased the asset for $36.4 million. Durlach Associates, which developed the building in a joint venture with Trinity in 2015, will remain an investor in the property under the new ownership. Patrick Gildea, Matt Smith and Charlie Carmody of CBRE arranged the transaction. Faber Plaza is home to tenants..

February 9, 2018

SmartStop Acquires Student Housing Asset Near University of South Carolina for $64.5M

COLUMBIA, S.C. — SmartStop Asset Management LLC has acquired Aspyre at Assembly Station, a 760-bed student housing community located near the University of South Carolina in Columbia, for $64.5 million. The property offers one-, two- and three-bedroom units. Community amenities include a 24-hour fitness center, business center, computer lab, resort and lap pools, a sauna and various outdoor recreational areas. The seller in the transaction was not disclosed.

February 8, 2018

CBRE Secures $56.9M in Acquisition Financing for Apartment Portfolio in Carolinas, Kentucky

SAN DIEGO — CBRE has arranged $56.9 million in acquisition financing for three apartment communities located in South Carolina, North Carolina and Kentucky. Bill Chiles, Scott Peterson and Brian Cruz of CBRE’s San Diego office secured the floating-rate loans through Freddie Mac on behalf of the buyer, San Diego-based Strata Equity Group. The properties included in the transaction are the 183-unit Veridian Spartanburg in Spartanburg, S.C.; the 180-unit Icon on the Greenway in Gastonia,..

February 7, 2018

SunCap Acquires 236,800 SF Industrial Building in Greenville

GREENVILLE, S.C. — SunCap Property Group has acquired Forrester Park, a three-building, 236,800-square-foot distribution and light-manufacturing center located at 201 Forrester Drive in Greenville. Other terms of the deal were not disclosed. The building is located one mile from Interstate 85 and adjacent to Millennium Park and the Clemson University International Center for Automotive Research (ICAR). At the time of sale, Forrester Park was fully leased to tenants including Gexpro Services,..

February 1, 2018

Valeo, Harrison Street to Deliver 994-Bed Student Housing Community Near Clemson University

CLEMSON, S.C. — Valeo Groupe US, in conjunction with equity partner Harrison Street Real Estate Capital LLC, has unveiled plans to deliver Epoch Clemson, a 310-unit, 994-bed student housing community serving Clemson University in Clemson. Ed Coco, Matt Casey and Libby Malloy of HFF secured a floating-rate construction loan for the property on behalf of the developers. Other terms of the deal were not disclosed. Epoch Clemson will be situated along the shoreline of Lake Hartwell, just off..

January 19, 2018

Colliers Arranges $18.4M Sale of Four-Building Office Portfolio in Upstate South Carolina

GREENVILLE, S.C. — Colliers International has arranged the $18.4 million sale of Axis Office Park, a four-building office portfolio located at 350-352 Halton Road in Greenville. Formerly occupied by Fluor, the buildings total 228,000 square feet. Colliers arranged the transaction on behalf of the buyer, Tempus Real Estate Investments. Other terms of the deal were not disclosed. Taylor Allen and Brantley Anderson of Colliers will handle the property’s leasing assignment, and Brendan Gower..

January 12, 2018