Nov
03

N. Charleston Flex Building Sells for $163/SF

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An investment firm from South Florida has added to its commercial real estate holdings in South Carolina. An affiliate of Accesso Partners LLC said Thursday it recently purchased Remount II, a 105,147-square-foot office and light-industrial property in North Charleston.

It’s part of a so-called flex-space development that caters to the region’s defense contracting and technology industries.

Accesso bought Remount II for $17.14 million, or about $163 per square foot, according to a deed filed with Charleston County. The property is on 8.25 acres at 1141 Remount Road, near the gates to the Naval Weapons Station and the Space and Naval Warfare Systems Center Atlantic.

The seller was Remount Venture LLC, which is made up of Venture One Real Estate Co. of Rosemont Brook, Ill., and Clayco Corp. of Chicago, Remount II is 92 percent leased, according to Accesso of Hallandale Beach, Fla., which is north of Miami.

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