Alex Westra's Lakeland Capital And Jon Pannoni's New Vintage Capital Acquire Charleston Office Building For $15M

The recently closed property transaction in Charleston, SC involved an office asset located at 364 King Street. The property is part of a group of buildings, including 363-369 King, that have been acquired by Charleston and Baltimore for a total price of $15 million. This collection of buildings features rental units and street-level commercial space, with plans to upgrade facades and replace non-historic elements on one of the storefronts to better align with the city's aesthetic.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $15,000,000
• Address: 364 King Street, Charleston, SC
• Market: Charleston, SC
• Buyer: Alex Westra - Lakeland Capital & Jon Pannoni - New Vintage Capital

Lakeland Capital and New Vintage Capital, represented by Alex Westra and Jon Pannoni respectively, played key roles in this property transaction. Their expertise and involvement contributed to the successful acquisition of the buildings on King Street. The purchase of these properties demonstrates the growing interest in investing in Charleston's real estate market.