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25 Calhoun Street
Suite 220
P.O. Box 610 (29402)
Charleston, SC 29401
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Columbia, SC 29201
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Colliers International brokers sale of 2.93-acre office development at Belle Hall in Mount Pleasant

Charleston, SC – Colliers International | South Carolina represented both the buyer and seller in the $1,250,000 sale of land for a new development within the Charleston metropolitan area. Atlantic South Development purchased the property from Belle Hall Land Investments, LLC with plans to construct a 38,360-square-foot office building.

The Offices at Belle Hall will join the Belle Hall Shopping Center off of Long Point Road, a 287,000-square-foot retail center anchored by Harris Teeter, Steinmart and Tuesday Morning. The building will offer up to 38,360 square feet of office space for lease and is within walking distance of 15 restaurants and dozens of other retail and service establishments. The development is also within a mile from the interchange of I-526 and Long Point Road, providing the Offices at Belle Hall with superior access to the region’s workforce.

“This was a smart investment for Atlantic South Development. The Mount Pleasant office market continues to have low vacancy, with vacancy across all types of office space at 2.5% and Class A vacancy slightly above 2%,” said Adam Griffin, Brokerage Associate. “In addition, this project will be in a prime position to take advantage of the walkable amenities of the mixed-use Belle Hall development.”

Two of Colliers International’s office specialists, Peter Fennelly, SIOR, MCR, SLCR and Mark Mattison, SIOR, CCIM, represented the seller, Belle Hall Land Investments LLC. Daniel Pellegrino and Adam Griffin, who specialize in the sale of development and investment properties, represented the buyer, Atlantic South Development.


ABOUT COLLIERS INTERNATIONAL

Colliers International South Carolina has over 150 staff members, including 64 real estate professionals. Total brokerage volume for the firm in 2017 exceeded $680 million involving over 900 sales and leasing transactions. Colliers International is the largest manager of commercial property in South Carolina and is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM), with a portfolio at year-end 2017 of approximately 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 53 professional designations, the most of any firm in South Carolina.

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.

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TAGS: Land

Media Contact

Liz McCary
Vice President of Marketing | South Carolina
Direct: +1 803 401 4269
liz.mccary@colliers.com

South Carolina