POST & COURIER: CHARLESTON JOB MARKET’S OUTLOOK 3RD-BEST IN U.S. THIS SUMMER

The Charleston area’s commercial sector continues to grow at record pace! Things are looking bright for the Charleston job market, as stated by the Post & Courier on Sunday referencing a survey by human-resources consulting firm ManpowerGroup. “That’s the third-best outlook for job growth among the nation’s 100 largest metro areas,” according to the survey’s findings.

job market article

Click here to read the full article.

Blackbaud’s $154mm expansion will create hundreds of new jobs

Blackbaud, one of the largest tech firms in the state, plans to build a new headquarters and create 300 jobs over the next five years, according to a news release from the S.C. Commerce Department.

The Daniel Island-based software firm plans to expand its existing Berkeley County headquarters operations into a larger, 360,000-square-foot facility, also on Daniel Island.

http://charlestonbusiness.com/news/real-estate-commercial/blackbaud-investing-154-million-to-expand-on-daniel-island-create-300-jobs/

Inside its new buildings, Blackbaud plans to have space for its growing workforce, as well as room for nonprofits to lease office spaces for free.

 

To read the full article, click here.

Carnes Crossroads Outparcel Sold to National Childcare Group

Sean Litton and Len Meyer of Peninsula Commercial represented the Buyer, Rainbow Rascals SC – Carnes Crossroads LLC, in the purchase of a +/- 1.7 acre parcel located on Highway 17-A at Carnes Crossroads, Goose Creek, SC for $600,000. Eric Meyer and Fritz Meyer of Meyer Kapp & Associates represented the Seller, Carnes Crossroads Associates, LLC.

LEASED: 306 Meeting St. #101

Congratulations to agent Harrison Gilchrist & client A Signature Welcome, LLC on the lease of 306 Meeting St. Suite 101. The first floor suite is in a prime location in downtown Charleston, just south of Calhoun Street.

306 meeting

Happy Holidays!

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As the year comes to a close, we are excited to be celebrating another record year at The Peninsula Company. 

We appreciate everyone’s support, patronage, referrals, and advice as we continue to build  a full service real estate brokerage and development company. Record job growth and low interest rates have continued to drive the Charleston market in all sectors.

Merry Christmas and a Prosperous New Year to all from all of us at The Peninsula Company.

Welcome, Boris!

Peninsula Commercial would like to welcome a new agent, Boris Van Dyck to the team. Boris has worked on projects ranging from Land transactions, Office, Retail, and Multifamily development, in addition to an extensive career in the hospitality industry.

commercial - boris

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

Real estate investment group buys Bi-Lo supermarket in Charleston- From The Post and Courier

Real estate investment group buys Bi-lo Supermarket 

By: John McDermottAR-150719667.jpg&maxw=800&q=90

The Bi-Lo supermarket on the peninsula has a new landlord.

A local real estate investment group recently purchased the high-profile grocery store at 445 Meeting St. for $10.8 million, according to county land records.

The seller was Prado Pig LLC, a Duluth, Ga.-based company that paid $6 million for the 36,300-square-foot property about five years ago.

The latest sale to 445 Meeting Street Partners LLC closed July 1. The buyer is a joint venture between McAlister Development and The Peninsula Co. Both are based in Mount Pleasant.

McAlister Development CEO Anthony McAlister said Bi-Lo will remain in the 10-year-old brick retail building between Columbus and Spring streets.

“We think it is an outstanding revenue generating property in a dynamic and vibrant part of the city,” he said in a written statement.

The downtown shopping center was known for years as “Piggly Wiggly No. 1.” It was the site of the locally based grocery chain’s first full-size supermarket when it opened for business in 1962. Piggly Wiggly demolished the store in 2004 and rebuilt on the site.

Bi-Lo took over 445 Meeting about two years ago, when it acquired 22 locations from Piggly Wiggly.

The area around the grocery store is undergoing what McAlister described as “great change.” For example, two Hyatt hotels and a parking garage are nearing completion at the Midtown site one block to the north, and The Post and Courier’s parent company is planning a large mixed-used project called Courier Square just across the street from the Bi-Lo to the south.

Warren Wise of The Post and Courier contributed to this report.

The Peninsula Co – Your Source for Commercial Real Estate

Why choose the Penco Commercial as your source for Commercial real estate? Because we know this market. Our associates represent dozens of years of combined experience in Charleston area real estate.

Looking for commercial property? We underwrite commercial properties as if they are our own and give you an honest analysis on the best way to obtain or sell your asset. We know Charleston commercial real estate-downtown properties, multi-family, land, shopping centers, restaurants, and office. Leverage our resources and relationships to help you lease, buy, or sell your commercial assets.

Need property management? We have a full service commercial management division.

Ultimately, what you get with The Peninsula Co is so much more than you would get working with a single specialized agent. Our agents work together to help clients with all aspects of their projects. Contact us today!