GHP Office Realty LLC, an owner and operator of suburban commercial properties, has acquired 468 Nelson Ferry Rd. in Moncks Corner, S.C. with private investors for $3.065 million.GHP’s principals have purchased seven properties in the greater Charleston area over the past 20 years.
The property is comprised of four existing buildings, six concrete pads and several yards of industrial space on nearly 14 developed acres. The ownership group has plans to create Nelson Ferry Industrial Park, which will be a local business hub in a prime Berkeley County location. The owners plan to redevelop the site into a multi-tenant industrial, industrial outdoor storage and manufacturing site for local businesses and trades.
GHP Office Realty is a division of Houlihan-Parnes Realtors LLC, which is an owner, operator and purchaser of commercial properties. The new owners will spend over $1.5 million of capital over the two years to upgrade the existing building structures, HVAC, parking lots and roofs to make the property more modern and efficient.
Courtney Kuhn with Avison Young, along with the GHP leasing team, will be leasing the space on behalf of GHP. Home Telephone Company Inc., the seller, was represented by Chris McDonald at Tiencken Law Firm LLC. Its broker was Blair Hines Gearhart of Oswald Cooke & Associates. Attorney David Gieg of Buist Byars & Taylor LLC represented GHP in the transaction.
