Mar
15

Charleston Mixed Use Development Sold for $525 per Square Foot

By
– The Post and Courier

A sizable real estate deal has gone down near the heart of the College of Charleston.

Two buyers needing to reinvest some real estate winnings for tax purposes recently snapped up an 18,000-square-foot high-traffic mixed-use retail spot at George and St. Philip streets. The property is anchored by a CVS pharmacy.

The buyers — Greer-based Randolph Freezer LLC and a Colorado entity called Red Sled Properties LLC — paid $9.5 million, or north of $525 a square foot.

The site is fully occupied. The other tenants include the popular high-end grocer and specialty food purveryor Caviar & Bananas.

The seller was George Street Retail LLC, which includes developer Anthony McAlister of McAlister Development Co. Inc.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

Categories : Charleston

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