Holder Properties Sells 4 Office Buildings in Charleston

As part of the deal, Holder Properties has agreed to continue to manage the buildings on behalf of the new owners. Each property boasts a mix of local, regional and national tenants.

1 Central Island Plaza
1 Central Island Plaza

A joint venture between Cobalt Property Group and Garrison Investments has acquired a four-building, Class A office portfolio consisting of nearly 252,000 square feet in Charleston, S.C. from Holder Properties.

As part of the deal, Holder Properties has agreed to continue to manage the buildings in the portfolio on behalf of the new owners. The four fully-leased properties are:

  • 174 Meeting
  • Faber Pointe
  • 1 Central Island Plaza
  • 3800 Paramount Drive

Consisting of 52,000 square feet, 174 Meeting St., features of four stories with ground floor lobby, a CertusBank branch, ATM, and parking. The building is designed with energy efficient systems and environmentally sensitive materials. Faber Pointe is a 75,000-square-foot Class A office building located off Interstate 526 in the Executive Park at Faber Place, while 3800 Paramount Drive is located in North Charleston. 1 Central Island Plaza is within a 4,000-acre master-planned community located on Daniel Island. The four-story asset is a 75,000-square-foot multi-tenant office building, with a surface parking area for approximately 265 vehicles. The development utilizes approximately 3.5 acres in the Town Center district with prime I-526 interstate visibility.

Each property boasts a mix of local, regional and national tenants. 

Invested the Area

In February, Holder Properties began construction of River Oaks Center, a 106,000-square-foot Class A office in Charleston’s largest office park, the Executive Park at Faber Place.

During the last decade, Holder Properties has developed more than 800,000 square feet of Class A office space, valued in excess of $185 million, in the Charleston area. Projects include 1 Central Island Plaza and Blackbaud’s new corporate headquarters located on Daniel Island, currently under construction.

Image courtesy of Yardi Matrix