174 Meeting St. , a 53,107 square-foot boutique office building in downtown Charleston, South Carolina, was purchased by diversified investment firm Highland Ventures for $16.75 million.
Built in 2013, the building is located near the intersection of Meeting and Market streets on Charleston’s Peninsula and has three levels of office space above a ground-level bank, lobby and parking.
CBRE arranged the sale on behalf of the seller, an affiliate of Cobalt Property Group, and confirmed details of the transaction in a news release. The team of CBRE brokers involved in the transaction include Matt Smith, Patrick Gildea, Grayson Hawkins, Robert Hardaway, Charles Carmody and Ryan Carmody. Charlotte, North Carolina-based Insite Properties advised buyer Highland Ventures in the transaction.
The office property was one of four sold by local developer Holder Properties in 2017 to a joint venture of Cobalt and Garrison Investment Group of New York.
At the time of the sale, 174 Meeting was fully occupied by Truist Bank, Thrive Co-Working, Stifel Financial Corp. and Evening Post Industries.
