You’re seeing The Post and Courier’s weekly real estate newsletter. Receive all the latest transactions and top development, building, and home and commercial sales news to your inbox each Saturday here.
North Rhett Executive Center sold for $11.2M in 2021
A North Charleston office building with mainly Defense Department tenants is now under new ownership.
North Rhett Executive Center at 5617 N. Rhett Ave. recently sold for $16.9 million, according to Ani Paulson of the Charleston office of commercial real estate firm Marcus & Millichap, who handled the transaction for the seller.
RRSC LLC of Los Angeles bought the 64,800-square-foot structure from Viking Partners North Rhett LLC of Cincinnati. Built in 2008, the building is 99 percent occupied.
The 5-acre property changed hands last September for $11.2 million, according to Charleston County land records.
A former school transformed into office space in the heart of North Charleston is now almost fully leased one year after renovations were completed.
By the numbers
334: Address on King Street where a Colorado-based footwear retailer plans to open a new store within a few months.
7: Number of Chipotle Mexican Grill restaurants in the Charleston area after a new one opens in Goose Creek.
25,000: Estimated number of South Carolina property owners who need new insurance after a Florida carrier was declared financially insolvent.
This week in real estate
+ Under construction: An addition to a Mount Pleasant shopping center is underway four years after first being proposed.
+ Envisioned: New plan for part of old Navy base in North Charleston includes high rises and recreational space.
+ Renting in SC?: Here’s how to make the temporary space feel like home.
SC median home price now nearly $100,000 more than before pandemic began
With home sales breaking records across South Carolina for the past two years, the median price of a home in the Palmetto State is now $93,000 more than before the COVID-19 outbreak in early 2020.
Did a friend forward you this email? Subscribe here.
Craving more? Check out all of the Post and Courier’s newsletters here.