CHARLOTTE, N.C., December 20, 2021 — Real estate investment firm Redline Property
Partners announced today that it has purchased the vacant 85,000-square-foot building located at 2155 Eagle Drive, one of the area’s best-located office/flex properties in the highly coveted I-26 North Charleston Corridor submarket.
As part of the purchase, Redline has rebranded the building “Port 26,” and will immediately begin building-wide capital improvement renovations. Redline will transform the building’s exterior, common areas and restrooms; redesign and upgrade the entrances and lobbies; and create unique tenant lounges, outdoor patios and a dog park. Most importantly, Redline will fully upgrade most of the building’s systems and will implement its tailored, concierge-style management platform to better serve the needs of future building occupants.
“We are pleased to be investing in a market that will continue to benefit from employment growth and the long-term opportunities created by the recovering economy,” said Redline President and Managing Partner Andrew Webb. “Our goal is to deliver creative office space that provides an exceptional experience and great value to tenants.” Strategically located along I-26 with over 275 feet of highway frontage, the “close to everything” property has unparalleled visibility and convenient access to major highways. Ideally situated across from the Charleston International Airport, the property enjoys immediate proximity to housing, hotels, shopping, dining and entertainment. The central location allows companies to access multiple talent pools in order to attract and retain employees from the entire metro area. Building tenants also benefit from a substantial amount of surface parking, building signage opportunities, large floor plates with abundant natural light and a HUB and Opportunity Zone location.
To deliver the best service possible, Redline has engaged Cushman & Wakefield for property management and has enlisted the services of Nick Tanana and Brady Dashiell, also with Cushman & Wakefield, for leasing services.
“We are excited to work with Redline on bringing something truly unique to the market,” said Nick Tanana, senior director, Cushman & Wakefield in Charleston. “Port 26 will provide tenants with exceptional visibility, creative space options and unrivaled amenities.”
About Redline Property Partners
Founded in 2017, Redline Property Partners is a privately-owned commercial real estate investment, management and development firm specializing in office, creative office / flex and adaptive reuse projects in the Carolinas and Minnesota. Led by a team of industry veterans with an average of 30 years of experience and more than $8 billion of combined transactions, Redline employs innovative strategies to improve asset quality and maximize property value. Using a “block-by-block” granular approach, Redline finds great real estate suffering from short-term distress and transforms properties into spaces adapted for the new economy.