New ownership capitalizing on sustainably-developed building in advanced, modern community with big plans for attracting tenants.
Charleston, SC, March 28th, 2018 – A joint venture owned by Forstone Capital (“Forstone”) and a fund managed by Westport Capital Partners LLC (“Westport”) purchased the Offices at Nexton, a 100,000-square foot class A office building. Bridge Commercial has been engaged by the joint venture to provide leasing services for The Offices at Nexton. Russel Bernard, Managing Principal, Westport Capital Partners LLC, said, ”we are pleased to announce new leases with Coldwell Banker Residential Brokerage and SunTrust Mortgage in Summerville’s most sustainable office building. The property’s flexible floor plates can accommodate full floor users requiring up to 25,000 square feet or the floors can be sub-divided to accommodate multi-tenanting.” Pre-built speculative suites are currently being designed with a goal of delivery in early Q2 2018.
The 100,000-square-foot building was developed in the Nexton master planned community in Summerville. Located just off I-26, Nexton is a mixed-use community of neighborhoods, schools, retail spaces and offices. The entire community is based in principles of technology, efficiency and environmental responsibility, and was the first in the state to offer gigabit internet speeds, which are over 100 times faster than the average internet connection. As part of this initiative, The Offices at Nexton has received the Green Globe certification and LEED® Gold certification by the U.S. Green Building Council, one of the limited number of buildings in the Charleston region to receive such sustainability designations.
Bridge Commercial’s Peter Fennelly, MCR, SIOR, SLCR; Mark Mattison, CCIM, SIOR; and Mike Palmer, all of whom specialize in the sale and leasing of office properties, were involved in both the sale of the building and the subsequent leases to SunTrust Mortgage, Inc and Coldwell Banker Residential Brokerage. For more information about the Nexton community, please visit the website at www.nexton.com.
About Westport Capital Partners LLC: Westport Capital Partners LLC is a real estate investment firm focusing on adding value to real estate and “hands-on” solutions to complex situations. Westport provides domestic and international real estate related investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of distressed, opportunistic and core plus real estate assets. The firm has offices in Los Angeles, California, Wilton, Connecticut, Bozeman, Montana and London, England. For more information regarding Westport Capital Partners LLC, please visit westportcp.wpengine.com.