Barry Kalinsky, owner of Bob Ellis Shoes at 311 King Street, has decided to sell the 18,000 SF property and close the business after 66 years. Kalinsky said several realtors have contacted him to sell the property, but the sale of Morris Sokol Furniture in February helped make his decision. He...
Despite growing sales over 15% in the third quarter, largely due to the company's transition to subscription sales, Blackbaud investors still raising doubts that the company will reach its earning goals by year end. Read the full analysis here..
Will Phillips has listed over 43 acres of vacant land for sale in Bowman, SC along I-95. The property is zoned General Commercial and overlooks a lake. Parcel is less than 1/4 mile to the I-95 interchange.
Will Phillips has listed over 56 acres of vacant land in Bowman, SC along Charleston Highway and I-95. There are three different parcels available for sale with high visibility and endless commercial potential on a heavily traveled corridor. Call Will at 843.266.3900 for more information.
Boo! Happy Halloween from Ravenel Commercial Properties.
Continental Realty Corp., a Maryland based real estate investment company, purchased the West Ashley Shoppes, across from the Citadel Mall, for $17.3 million. Their VP of Acquisitions cited the high barriers-to-entry environment of new shopping centers and ongoing residential growth as reasons...
South Carolina was ranked No. 2 in Area Development Magazine's list of 2016 Top States for Doing Business. Among other things, SC ranked high because of its tax environment, business incentives programs, and its speed of permitting. Learn more here.
Progress continues on a proposed project in the upper peninsula of downtown Charleston to turn the unused Norfolk Southern line into a linear park. The project, which is expected to cost approximately $30 million, would provide an economic benefit in new jobs and tourism dollars. Read more here.
As the Charleston metro area continues to see impressive growth, demand for space in all sectors is outpacing supply. As businesses settle in Charleston, the need for more housing, improved infrastructure, better education options, and more retail, industrial, and office space is paramount as...
The Charleston Metro has enticed another auto supplier to invest in the area. Stoba, a manufacturer based in Germany, expects to spend $7.7 M and create 61 new jobs at its new 43,000 SF site in Berkeley County. They chose Charleston to be closer to their customers, like Bosch, the proximity to...
Tenants have rights! Make sure you read your lease before you sign it. Your commercial real estate broker can help you negotiate a favorable lease. Read here about 5 of your rights under a commercial lease.
FOR SALE! Will Phillips and Carlyle Blakeney have listed a portion of undeveloped land for sale on Highway 17 N in Ravenel, SC. Call to schedule a tour of this property! Click here for more information.
Congratulations to Will Phillips on finding the right office space for his client at 3509 Iron Horse Road in Ladson. SOLD!
Trident Tech has raised $79M needed for construction and equipment for a new Aeronautical Training Center. The project was approved last week by the State Fiscal Accountability Authority. The center will be 224,000 SF and accommodate 5,400 students per year. Students will be educated and undergo...
More than 30 aerospace companies have announced a new location or expansion in South Carolina since 2011. The annual economic impact of the state's aerospace industry has grown to $19 billion. Read more here.
