COLDWELL BANKER COMMERCIAL ATLANTIC FACILITATES $16.5 MILLION TRANSACTION AT 500 EAST BAY STREET

Charleston, S.C. 11.10.2025 – Coldwell Banker Commercial Atlantic is proud to announce the successful sale of 500 East Bay Street, a 1.2-acre entitled development site in downtown Charleston. The property transferred for $16.5 million and is slated to become a hybrid, high-end multifamily project that will enhance the city’s dynamic urban landscape.

Ben Chase, Broker Associate with Coldwell Banker Commercial Atlantic, represented both the purchaser, LCD Acquisitions LLC, and the seller, 518 East Bay LLC, in the transaction. 518 East Bay is the latest fully entitled development of GREEN ROOM PARTNERS, a Charleston based real estate development and investment firm.

“This site represents a rare opportunity to bring new, thoughtfully designed residential living to one of Charleston’s most sought-after corridors,” said Ben Chase. “It’s an exciting moment for the city’s continued growth and for our firm’s role in connecting visionary developers with premier opportunities.”

Situated in the heart of Charleston’s historic peninsula, 500 East Bay Street offers immediate access to dining, retail, and cultural destinations while providing the scale and zoning flexibility to support a modern multifamily concept that complements the city’s architecture and lifestyle.

Coldwell Banker Commercial Atlantic continues to lead the market as Charleston’s trusted commercial real estate firm, representing top-tier investment and development opportunities across the region.

About Coldwell Banker Commercial Atlantic

Coldwell Banker Commercial Atlantic is recognized as the leading commercial real estate firm in Charleston and across the Southeast, trusted by investors, developers, and business owners for more than 40 years. Our team of over 20 licensed professionals delivers unmatched expertise in industrial, retail, office, multifamily, investment sales, and property management.

Founded in 1985 by Ray Case, CCIM, and Linda Case, we’ve built a reputation for market intelligence, innovation, and results. In 2007, leadership transitioned to Brent Case, CCIM, CRE, who continues to drive the firm’s growth and uphold its legacy of excellence. As part of the Coldwell Banker Commercial global network, we combine powerful local insight with national and international reach—giving our clients a distinct competitive advantage in every transaction.

With more than three decades of leadership in Charleston’s commercial real estate market, Coldwell Banker Commercial Atlantic continues to set the standard for professionalism, market knowledge, and creative solutions that help clients achieve their real estate and investment goals.

About Coldwell Banker Commercial Affiliates

Coldwell Banker Commercial Atlantic, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises nearly 200 independently owned and operated affiliates as well as owned brokerages and more than 3,000 professionals in 40 countries. For additional information, visit www.cbcworldwide.com.

 

Media Contacts:

Sarra Hochberg, shochberg@cbcatlantic.com, 843.744.9877