{"id":1004197695,"date":"2017-11-21T15:35:55","date_gmt":"2017-11-21T23:35:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197695"},"modified":"2022-12-08T16:29:50","modified_gmt":"2022-12-09T00:29:50","slug":"lrc-properties-acquires-sc-mixed-use-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lrc-properties-acquires-sc-mixed-use-campus\/","title":{"rendered":"LRC Properties Acquires SC Mixed-Use Campus"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004197696\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Leeds-Park-Charleston-N.C..jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004197696\" data-attachment-id=\"1004197696\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lrc-properties-acquires-sc-mixed-use-campus\/leeds-park-charleston-n-c\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Leeds-Park-Charleston-N.C..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Leeds Park, Charleston, N.C.\" data-image-description=\"&lt;p&gt;Leeds Park, Charleston, N.C.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Leeds Park, Charleston, N.C.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Leeds-Park-Charleston-N.C..jpg?w=800\" class=\"wp-image-1004197696 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Leeds-Park-Charleston-N.C..jpg\" alt=\"Leeds Park, Charleston, S.C.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Leeds-Park-Charleston-N.C..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Leeds-Park-Charleston-N.C..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Leeds-Park-Charleston-N.C..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004197696\" class=\"wp-caption-text\">Leeds Park, Charleston, S.C.<\/p><\/div>\n<p>LRC Properties acquired Leeds Park, a 1,056,000-square-foot mixed-use campus located in Charleston, S.C. \u00a0The deal closed at $42 million and was arranged by a team of brokers from NAI Charleston.\u00a0Amherst Capital Management provided the loan for the purchase and future renovations of the asset.<\/p>\n<p>\u201c<em>The property is geographically well situated in North Charleston off Interstate 526, near the port, the airport, and Boeing\u2019s manufacturing facility, offering great potential for tenants. We plan to bring Leeds Park up to and even exceeding standards deserving of this important market and its tenants,<\/em>&#8221; said Howard Lavitt, principal &amp; co-founder of LRC Properties, in prepared remarks.<\/p>\n<h2>Planned Upgrades<\/h2>\n<p>The buyer plans to invest approximately $15 million in improvements, which will add a new fa\u00e7ade on one part of the building, a collaborative space, conference rooms, a conference center, a gym, a business center, a new entrance, signage and landscaping. Approximately 50,000 square feet of office space is also slated to be upgraded to Class A standards.\u00a0<\/p>\n<p>Located at 4500 Leeds Ave., Leeds Park offers a mix of office, manufacturing and flex space spread out on approximately 72 acres and more than 1,200 parking spaces. It is approximately 75 percent leased to a variety of tenants including MAHLE Group, American Axle &amp; Manufacturing, Cummins, the Charleston Chamber of Commerce and Limestone College.<\/p>\n<p>The deal, arranged by NAI\u2019s brokers Dexter Rumsey and Shep Benjamin\u00a0with\u00a0Andie Edmonds as relationship advisor with LRC, brings LRC\u2019s East Coast <a href=\"https:\/\/www.commercialsearch.com\/news\/lrc-properties-acquires-charlotte-industrial-complex-for-52-1-million\/\">commercial portfolio<\/a> up to 7.5 million square feet of space.<\/p>\n<p><em>Image courtesy of NAI Charleston<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leeds Park is located in Charleston, S.C., and offers a mix of office, manufacturing and flex space spread out on approximately 72 acres. <\/p>\n","protected":false},"author":1064,"featured_media":1004197696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21752,21742],"tags":[38366,38365,38364,34229],"class_list":["post-1004197695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-mixed-use","category-latest","tag-amherst-capital-management","tag-howard-lavitt","tag-lrc-properties","tag-nai-global"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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