One Eleven Partners Brokers $12.5M Sale of Apartment Community in North Charleston

by John Nelson

NORTH CHARLESTON, S.C. — One Eleven Partners has brokered the $12.5 million sale of Reserve at Ashley River, a 280-unit apartment complex located in North Charleston. The buyer, The RADCO Cos., purchased the property from Huntington, N.Y.-based URS Capital Partners, which owns three other apartment communities in the Charleston market. Reserve at Ashley River is Atlanta-based RADCO’s first acquisition in the Charleston market. Chirs Yeagle and Kyle Chase of One Eleven brokered the transaction. Built in 1974, the property features a swimming pool, clubhouse with a coffee bar, children’s playground and laundry facilities in each building. One Eleven Partners previously brokered the sale of the property in 2013 for $7.3 million.

You may also like