LEASED: 1107 king st. suite B

Congratulations to agent Thomas Matthews, representing Monarch Wine Merchants as the tenant, in the leasing of 1200 SF of retail space at 1107 King St. downtown.

SOLD! 62 Queen Street

Congratulations to agent Thomas Matthews, representing the buyer, in the purchase of 62 Queen Street downtown. The property sold for $1,150,000.


SOLD! 2450 Ashley River Road

Congratulations to agent Boris Van Dyck on the purchase of 2450 Ashley River Road. The property sold for $190,000.

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Charleston’s home rental rate jumps: 5th in nation

The price of renting a home in the Charleston-North Charleston region is still on the rise, as stated by the Post & Courier.

The area registered the fifth highest rental rate increase for single-family homes in the nation during the third quarter of 2016, according to housing industry data provider RentRange.

The report of the top 25 metropolitan areas with rent increases found rates in the Charleston region jumped 11.7 percent over the same July-September period in 2015. The report did not specify a dollar figure for the median rental price of houses in the Charleston region.

To continue reading the full article, click here.

SOLD: 85 & 87 Center Street

Peninsula Commercial represented the seller, First Citizens Bank, in the sale of 85 & 87 Center Street on Folly Beach. The two lots, totaling 0.252 acres (zoned General Commercial), sold for $475,000.

center st sold

Welcome, Thomas!

Peninsula Commercial would like to welcome a new agent, Thomas Mathewes, to the team. Thomas has been in commercial real estate since 2012, and has studied the Charleston market with a focus on the peninsula and its growing development. Throughout his time in the field he has been involved in all spectrums of representing his clients, from landlords in leasing to corporate buyers in acquisitions.

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To learn more about Thomas or to contact him, please click here.

SC BIZ NEWS: Stoba to open 1st U.S. facility in Berkeley County

Stoba, a German-based manufacturer of machined components for the automotive sector, plans to enter the U.S. market with a new production plant in Berkeley County.

stobaStoba: China Headquarters

The company expects to invest $7.7 million and create 61 jobs at its new Charleston site, according to a news release from the state Commerce Department. Stoba will lease a 43,000-square-foot facility at 2301 Charleston Regional Parkway, off Clements Ferry Road in Charleston.

To read the full article, please click here.

sold: 1028 wappoo road

Congratulations to agent Boris Van Dyck and clients Danielle & Brian Bertolini on the purchase of the old True Value building at 1028 Wappoo Road in West Ashley. The building sold for $490,000 and will be the new home base for the Bertolini Pasta Company.

1028 wappoo