CHARLOTTE, N.C., November 29, 2022—Real estate investment firm Redline Property Partners has purchased the vacant 5,057-square-foot building located at 309 King Street, one of the area’s best-located retail properties on highly coveted King Street in downtown Charleston. The purchase represents Redline’s second investment in the Charleston area in the past 11 months.
“This transaction signifies our ongoing commitment to investing in Charleston and the Carolinas,” said Redline President and Managing Partner Andrew Webb.
309 King Street is a newly renovated, two-story building in the heart of downtown Charleston’s historic luxury shopping district. Built in 1810, the distinctive brick-and-timber building also boasts an outdoor patio and rear parking. The property is a short walk from several high-end hotels, the College of Charleston, Marion Square and the Medical University of South Carolina.
Nick Tanana and Brady Dashiell with Cushman and Wakefield represented the seller and were vital to the transaction’s success.
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, retail 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.
