Kempner Properties, NY Lee & Associates Acquire Summerville Retail Property For $29M

Located at 10020 Dorchester Road in Summerville, SC, a retail property has been sold in a recent transaction. The property spans an area of 138,137 square feet and was purchased for a total of $29,000,000, resulting in a price per square foot of $210. The sale was facilitated by Brad Buchanan from JLL.

Summary of Transaction Details:

• Property Type: Retail
• Transaction Amount: $29,000,000
• Address: 10020 Dorchester Road, Summerville, SC
• Square Footage: 138,137
• Price Per Square Foot: $210

The buyers in this transaction were Doug Kempner, Rob Kempner, and Peter Kempner representing Kempner Properties, along with Peter Braus and James Wacht from NY Lee & Associates. They acquired the property from LBX Investments. The involvement of these individuals and companies showcases their active participation in the deal, working together to complete the transaction.