Upper King Site Sells for $22.5M

The Morris Sokol furniture store and underlying site located at 510 King Street and a vacant site fronting Reid and Woolfe Streets all sold to an investment group at $22.5M.  Plans for re-development are unclear for the site, but a later article suggests “mixed-use that could feature office, retail, hotel mutli-family and parking”; that should just about cover it.  Warren Wise of The Post and Courier has the sale announcement 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 February 6, 2016, in Development, Downtown CHS, The Post and Courier, Warren Wise and tagged , . Bookmark the permalink. Leave a comment.

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