Aug
15

Charleston’s Rivers Park Business Center Sold

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mmtcCushman & Wakefield announced today that it has negotiated the sale of Rivers Park Business Center, a 158,583-square-foot office building located in the rapidly growing and highly acclaimed Charleston market.

Cushman & Wakefield Managing Director Rob Cochran, Director Jared Londry and Associate Nolan Ashton represented the seller. The buyer, a joint venture between DRA Advisors and Mainstreet Capital Partners, acquired the fully leased, single-story office building.

The office building is located in an ideal location in North Charleston, SC. Rivers Park Business Center is highly regarded for its connectivity to the entire region, abundance of nearby housing options and seamless access to both Interstate 26, Interstate 526 and the Charleston International Airport. Additionally, the asset boasts an exceptional mix of tenants, including McKesson, the American National Red Cross, Miller Motte and Dial America Marketing, and all tenants have occupied space in Rivers Park since at least 2005.

“This rare offering attracted significant interest as one of only a few high-density office buildings in the Charleston market,” said Londry. “The stable tenancy at Rivers Park is a testament to the demand for a central location, large floor plates and an above market parking ratio of 6.0/1,000 RSF.”

Categories : Charleston

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