West Ashley Office Building Acquired by MUSC (at $242/SF) ; to Re-Locate 300 employees to Parkshore

The Medical University of South Carolina will consolidate some 300 back-office employees into Parkshore Centre, a recently-purchased 30-year old office building in West Ashley.  MUSC paid local developer Durlach Associates some $28.4M ($242/SF) for the renovated and LEED certified 117k SF 3-story multi-tenant building where they already occupy about one-half of the building.  Similarly, Roper St. Francis Healthcare is building a $28M, 130k SF building in Palmetto Commerce Park where it plans to consolidate some 600 non-clinical workers in early 2016.  John McDermott of The Post and Courier has the story here.

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on August 8, 2015, in CHS Office, Commercial Real Estate, Development, The Post and Courier, Transactions and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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