CHARLOTTE—A three-property office portfolio has changed hands. Morton Needle sold the assets to Bridgeview Properties, LLC for $8 million.
R. Milton Thomas, III, CCIM, SIOR of Lee & Associates' Charleston office represented both the buyer and the seller. The three properties are located at 4275 Bridgeview Drive, 4355 Bridgeview Drive, and 4340 Corporate Road and span more than 112,100 square feet.
“This sale further shows the confidence in the overall Charleston market as being a solid economy to invest in,” Thomas tells GlobeSt.com. According to Thomas, the new ownership plans on completely gutting the interior of the 4340 Corporate Road building, similar to what the group just finished doing at 4995 Lacross Road. The rennovation will offer tenants a new and modern upfit along with new common areas and systems.
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