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June 12, 2013

Cushman & Wakefield | Thalhimer Brokers Office Condo Sale, Local Colliers Chapter Increases Management Portfolio

By Eliza Theiss, Associate Editor

Cushman & Wakefield | Thalhimer announced the sale of a Charleston County office asset for $340,000. Located at 3405 Salterbeck St., the office property is composed of two condominiums totaling 2,300 square feet and was purchased by MLD Properties, LLC from Charleston-based East Bay Company, LTD. Cushman & Wakefield | Thalhimer’s Mark Erickson represented the seller and was contracted by the new owner to stay on to handle leasing operations.

The asset is located in the Park West Development, a 1,700-acre premier planned development in Mt. Pleasant, SC. Park West is South Carolina developer LandTech, Inc.’s flagship mixed-use community composed of 29 neighborhoods. The project contains both single and multifamily developments (from townhomes to condominiums, live-work residences and senior housing including assisted living), as well as extensive commercial space such as retail and office space, and educational and healthcare facilities. The community features extensive recreational facilities such as pools, softball, baseball, football, soccer, lighted tennis courts, parks, playgrounds, walking, hiking and biking paths as well as indoor and outdoor swimming pools.

In other local news, Colliers International announced securing new assignments through its South Carolina chapter, thus growing its property management portfolio by 1.3 million square feet. The new additions include circa 100,000 square feet of office space, 400,000 square feet of distribution and industrial space and 800,000 square feet of retail and the following assets: The North Charleston Faber Centre, the West Columbia Westside Plaza, Parkland Plaza in Cayce and Wesmark Plaza in Sumter.

Located at 4000 Faber Dr., in North Charleston’s The Executive Park at Faber Place, Faber Center features 97,000 square feet of Class A office space and is Energy Star-certified. Tenants include SunTrust, Charleston economic Development, MetLife and Walgreens. Full-service commercial real estate developer Holder Properties developed the property. Durlach Associates has also been involved.

Image courtesy of Holder Properties

Chart courtesy of Cushman & Wakefield | Thalhimer

 

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