
With an average of 230 days of sunshine each year, a low cost of living, and endless recreational activities, Charleston is a joy to call home. As the second most popular place to live in the U.S., metro Charleston is booming, not only with new residents but with new construction and property investment opportunities too. But with the Tri-County's rapid rate of growth comes increased real estate demand and complexity. That's especially true for commercial real estate transactions. According to CoStar, near-zero vacancy rates and short supply have forced rents and sales to reach record highs. At the same time, online medical and grocery purchases, along with last-mile delivery needs, have driven a new desire for industrial space.
It's safe to say that there is a lot of opportunity on the table for commercial real estate sellers and investors in South Carolina. But capitalizing on that opportunity without the proper market knowledge, relationships, or risk analysis can actually be counterproductive to your goals. That's where Coldwell Banker Commercial Atlantic's commercial real estate brokers in Charleston, SC, come into play.
As experts in the commercial real estate industry for more than 37 years, our brokerage provides the highest level of service to clients in today's rapid, constantly-changing business climate.
At Coldwell Banker Commercial, we pride ourselves on having local power and a global presence. Our clients entrust their complex and lucrative commercial real estate deals to us because they understand the value of working with brokers who are familiar faces within the community. On any given day, you could be standing next to one of our brokers at a grocery store or local restaurant. As your friends and neighbors, we're proud to call the Lowcountry home. Though we have local roots, our resources and expertise are backed by a global network. That power gives our commercial real estate clients peace of mind, knowing they have access to a dynamic and diversified brokerage of highly-trained and educated agents.
From general commercial leasing services and property management to investment guidance and new property site selection, our team works tirelessly to exceed your expectations and meet your goals. Whether you're looking to buy, sell, lease, or develop, our commercial real estate brokerage in Georgetown, SC provides the up-to-date advice and time-tested market knowledge needed to facilitate any commercial real estate transaction, large or small.
Some of the commercial real estate specialties we focus on in South Carolina include:
At the end of the day, our commercial brokers and agents aren't satisfied until you're a happy customer. That's why every service and decision we recommend is made with your best interests in mind.
Perhaps you're in a situation where you need more space for a growing business. Maybe, instead, you want to capitalize on low-interest rates and buy a commercial real estate investment property to bolster your portfolio. Whatever your needs may be, whether as an investor or a small business owner, your goals are probably the same: lock in the best value and negotiate optimal terms for leasing, buying, or selling. When it's all said and done, you want to minimize expenses and maximize your ROI.
Unfortunately, commercial real estate is complex by nature. Given today's ever-changing real estate landscape and the challenges of our economy, working with a commercial real estate agent is the savviest way to save money and lessen the likelihood of making a poor investment.
That's because the very best commercial real estate brokers, like those at Coldwell Banker Commercial Atlantic, do more than putting "for sale" signs in yards and in newspapers. They have the tools and training to source and present research apropos to your commercial real estate purchase or sale. They also have the ability to provide transaction and advisory services to ensure every aspect of your CRE process goes smoothly and efficiently. But we're getting ahead of ourselves. Here are a few of the biggest reasons to work with a commercial real estate broker in South Carolina.
Unsurprisingly, money is one of the biggest reasons why people steer clear of CRE brokers - for the cost savings. Yet, just about every commercial real estate transaction is managed by a commercial real estate brokerage. Why might that be? The answer is that smart business owners, executives, and investors know that the most lucrative cost savings stem from good planning, time management, and successful negotiations. Only an experienced commercial real estate broker can provide you with those features while also properly structuring your commercial real estate deal.
Commercial real estate investors and business owners often have jam-packed schedules with little time to spare for anything other than day-to-day operations. If that sounds familiar, you know how crucial time management is for commercial real estate. By working with a seasoned broker, you can uphold your daily responsibilities while they provide guidance and manage the minutia of your CRE dealings.
Reputable commercial real estate brokerages provide access to a bevy of information that is pertinent to your commercial real estate goals. We're talking vacancy and absorption rates, the latest sales price data, comparative labor and tax costs, and more. Your broker will help break down this information so that you can make the most informed decisions possible. Brokerages like Coldwell Banker Commercial Atlantic also have systems and software to facilitate complex real estate processes while eliminating unneeded costs. The combination of accumulated data and exclusive systems results in a more cost-effective, efficient way to meet your real estate requirements on terms that are beneficial to you.
As is the case with most things in life, practice and repetition are essential in honing skills and achieving business success. The truth is that no amount of money or "how to" articles can suffice for decades of real-world, hands-on experience. Sure, you can find a litany of commercial real estate info online. But those articles won't teach you about navigating the nuances of structuring advantageous purchase terms or completing complicated due diligence tasks. A successful commercial real estate broker in Georgetown, SC, will have no problem executing these often-confusing processes because they've done it dozens and dozens of times before. This priceless experience is your best resource for successful commercial real estate initiatives.
One of the biggest advantages of working with a commercial real estate brokerage is their ability to provide necessary services that are relevant to your real estate needs. As a Coldwell Banker Commercial affiliate, we are part of a network that allows us access to accounting, legal, and other services needed on your real estate journey. Finding and vetting these services can be very costly and time-consuming, which is unneeded stress that we're happy to remove from your plate.
For any project to be successful, a strategic marketing plan must be implemented to achieve the desired results for our clients. The methods of exposing and promoting a property must be creative, innovative, and unique to your property. At Coldwell Banker Commercial Atlantic, we utilize the most effective methods that make sense for your property in South Carolina, including:
If you're reading this page, chances are you're successful to some degree and have entered negotiations a time or two in your professional life. While that's nothing to sneeze at, the art of negotiating in the commercial real estate industry is a skill that must be honed over years of transactions. In the world of CRE, transaction negotiations are often time-consuming and stressful - two things you don't need in your life. Your commercial real estate broker will use their experience to relieve you of that stress so that you can focus on growing your business or serving tenants.
One of the most valuable reasons for working with a commercial real estate brokerage is that staff have a deep understanding of South Carolina's real estate market. In the Lowcountry, trends and market conditions are constantly changing. Opportunities are lost and found daily.
With this market knowledge, your commercial real estate broker in Georgetown, SC, can provide an easy-to-understand analysis of various commercial properties within your budget. They'll know what relevant properties are leased or sold for and how much. Savvy commercial real estate brokers are also always informed on local demographics and market indicators that impact your commercial real estate goals. For instance, with COVID becoming a more accepted part of our lives, leasing, and sales in retail have taken off, especially for Class A and Class B centers.
At Coldwell Banker Commercial Atlantic, we specialize in several commercial real estate services. Though each service is comprehensive and will differ for each client, here is a brief overview to help you understand the scope of our abilities.
We're proud to say that our commercial real estate brokers in Georgetown, SC, are equipped with all the necessary skills and traits to make your life easier. From transactional needs to marketing strategies, our experience and market knowledge is second to none, allowing us to ensure your success in today's market.
In an ever-changing commercial real estate industry, our approach to property management is constantly evolving. Our team has extensive experience in commercial real estate management and recognizes its importance as a foundation for long-term value and wealth. As such, Coldwell Banker Commercial Atlantic provides tailor-made property management packages that meet your specific assets needs and objectives.
Whether you're entering a build-to-suite or remodeling a commercial property, our associates are ready to represent you with facility planning, design, construction, zoning restrictions, and so much more. If you're looking for a brokerage that can guide you through every step of the construction process with your goals and budget at heart, look no further than Coldwell Banker Commercial Atlantic.
Coldwell Banker Commercial Atlantic provides comprehensive investment analytics to better evaluate potential investments and increase return on those investments. Additionally, our team can facilitate single or multiple-location transactions and also find alternative financing recommendations if needed.
From selecting the perfect building site for your property to overseeing its initial construction, our associates provide experience and expertise when you need it most, covering every step and service of property development. If needed, our team can assemble the right professionals to ensure your property is developed to your unique specifications and applicable regulatory standards.
Our commercial real estate brokerage represents clients in both the disposition and acquisition of property and works directly with you to determine your needs. We then strive to improve efficiency and reduce costs. We also assist financial institutions and government agencies in the management and disposition of âtroubled properties.' Our firm incorporates its spectrum of services to efficiently turn these properties around and improve their value for ultimate disposition.
If you're just getting started in commercial real estate investing, you're probably searching for reliable advice and best practices to follow. While hands-on experience and guidance from a commercial real estate broker are always best, a little advice never hurts. After all, there's a wide world of opportunity out there. As you begin to build a more robust portfolio, keep these tips and tricks in mind.
Commercial real estate deals can take a lot longer than traditional single-family transactions. That's true throughout the entire process, from purchase, to renovation, to selling. That's not a bad thing - after all, having impatience is a good way to rush into a poor decision. Instead of a means to quick cash, think of commercial real estate deals as a large bonus or as a vehicle for retirement.
Many commercial real estate investors jump right into the multi-family property space. However, it's essential to keep other types of properties in mind, such as mobile homes, office buildings, land, and even mobile home parks. Forget about your comfort zone. Instead, weigh your options and choose a niche that helps you meet your goals.
Commercial loans are quite different than their residential counterparts. In some ways, they're better. Though down payments are typically higher, meaning you'll put more down, there's often no personal liability involved. Plus, commercial loans can be more forgiving when borrowing money for down payments. The bottom line is to search for the best lenders before making an offer. If you're having trouble, ask your commercial real estate broker for assistance, as they often have connections and partnerships with relevant entities.
If you're used to buying residential homes, you're probably familiar with some formulas, such as buying 75% of after-repaired value minus the estimated cost of repairs. Depending on the type of commercial property you're buying or selling, you'll have different formulas to learn. Two examples are Cap Rates and Net Operating Income. Learning these formulas can be very beneficial when making an offer.
If you find yourself discouraged with the commercial real estate game, remember that the team at your commercial real estate brokerage is there to make your life easier. At Coldwell Banker Commercial Atlantic, we have a powerful brokerage with a team of over 20 highly skilled and educated agents. Our job is to serve you, whether you're a new investor looking for your first deal or an experienced property owner looking for 1031 tax investment advice.
GEORGETOWN — An Australian firm plans to purchase Georgetown’s downtown steel mill, potentially preserving one of the coastal city’s longtime factories and dozens of jobs.InfraBuild, which is run by the parent company of the mill’s current owner, announced May 29 that the company had closed on a $350 million loan to buy GFG Alliance’s American-based steel industry assets, which includes Liberty Steel USA’s plant. No date was released on when the sale could be completed.James Sanderson, presid...
GEORGETOWN — An Australian firm plans to purchase Georgetown’s downtown steel mill, potentially preserving one of the coastal city’s longtime factories and dozens of jobs.
InfraBuild, which is run by the parent company of the mill’s current owner, announced May 29 that the company had closed on a $350 million loan to buy GFG Alliance’s American-based steel industry assets, which includes Liberty Steel USA’s plant. No date was released on when the sale could be completed.
James Sanderson, president of United Steelworkers Local 7898, said that after speaking with the potential new owners that the mill, a mainstay of Front and South Fraser streets for over half a century, is in Georgetown to stay.
“We’re just very excited about this transition,” Sanderson said.
InfraBuild did not respond to a request for comment May 31. GFG Alliance declined to comment.
Georgetown’s economy relied heavily on the lumber industry in the early 20th century before the arrival of International Paper’s plant in 1936. Georgetown Steel helped further diversify the community’s industrial base in the late 1960s, but the mill cycled through various owners and changes in the industry that reduced its workforce before it was purchased by Liberty Steel in 2017.
The plant that makes steel wire used in tires and bridge cables closed amid the COVID-19 pandemic but started operating again in January 2022 with about 65 workers, well below the hundreds of employees that made the plant one of the city’s largest employers.
The reopening, however, was challenged under a city ordinance that would rezone the plant site if operations ceased for a year. The mill is near Georgetown’s main business district and the 50-acre plant site is considered a prime spot for tourism development. But Liberty and its supporters defeated rezoning efforts.
The mill’s owner recently announced a workforce expansion of more than 50 percent.
Sanderson said he has met with InfraBuild in the past, but he had not spoken with the company’s interim CEO, Dak Patel, since the May 29 announcement. Sanderson said he’s confident company representatives will visit the city and mill soon.
“They will be looking at it and examining and looking at all the capital improvements that could be done at our facility here in Georgetown,” Sanderson said.
Patel said in a May 29 statement that the new financing will allow Infrabuild “to continue to grow our business and service a customer base which spans the infrastructure, commercial and residential construction, agriculture and mining markets.”
InfraBuild’s presence in the United States consists of a pair of recycling sites in LaPlace, La., and Tampa, Fla.
Other GFG-owned businesses that could be involved in the acquisition are manufacturer Keystone Consolidated Industries and Pennsylvania-based Johnstown Wire Technologies.
Clarification: This story has been updated to reflect that the company buying the Georgetown steel mill is run by the parent company of the mill’s current owner.
GEORGETOWN COUNTY, S.C. (WPDE) — Using the backdrop of a customer and worker appreciation day, Liberty Steel USA officials announced plans to expand operations at the Liberty Georgetown Steel Mill.The announcements come roughly a year after the city leadership issued an order for the mill to close claiming executives let the mill r...
GEORGETOWN COUNTY, S.C. (WPDE) — Using the backdrop of a customer and worker appreciation day, Liberty Steel USA officials announced plans to expand operations at the Liberty Georgetown Steel Mill.
The announcements come roughly a year after the city leadership issued an order for the mill to close claiming executives let the mill remain shuttered for too long during the COVID-19 pandemic. The mill and city manager had worked out an agreement that the mill could remain in a shuttered, but maintenance-focused capacity until February 2022.
When that deadline was reached and mill workers returned as did production, the outgoing city zoning administrator declared that the mill violated a local ordinance and should lose its special zoning status grandfathering it into the area where the city has made an effort to reduce heavy industrial activity in favor of more tourist-focused business.
In the summer, the Georgetown Board of Zoning Appeals decided the mill was justified to remain open citing that agreement between executives and the city administrator.
Friday, the city's mayor among other public officials joined mill and union leadership.
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"We have a very good relationship with the executives of the steel mill at this point," said Mayor Carol Jayroe. "Currently Liberty Steel and the city are partnering to beautify the perimeter along South Fraser Street. We are looking forward to working with Liberty on this project."
Mill executives say the landscaping and the efforts to expand are part of a broader plan to show the mill is trying to be a good steward of the community given its roughly 50-year history being a symbol of Georgetown.
"We want our colleagues to have pride in the place they work when they come in," said Executive VP of US Operations Axel Ampolini. "We want this steel mill to be an asset to this community."
Ampolini says the business has slowed some given the economic headwinds consumers face with inflated prices on construction and automotive products. Those are the main industries for the mill's wire rod supply sources. He however says the mill is turning a profit even with its smaller output compared to larger operations like the Peoria, Illinois sister plant. Friday, he announced that they plan to increase production from 120,000 tons of wire rods to 300,000 tons.
"We're going to be expanding from one shift to two shifts so that we can work around the clock," Ampolini said. "We will reach triple digits with this expansion that we are announcing today we will be right around 100 folks."
It's welcomed news for union workers and union leaders who have told ABC 15 News that the contract between the united steelworkers and Liberty Steel calls for roughly 125 full-time workers at the Georgetown Mill by 2025. This expansion and the addition of downstream integration, meaning Liberty will buy its own product from the mill for separate operations, will bring the mill's labor force closer to that threshold.
"Up to 40 additional employees will be coming up here to our plant site and I think that's going to be a win-win situation for everybody involved," said Georgetown branch president James Sanderson with the United Steelworkers.
A spokesperson for Liberty Steel USA says the work to hire new plant workers and staff for the integration will begin in the coming months with a goal to have the expansion efforts complete by the end of the year.
"This is a great day in Georgetown," Sanderson said. "There's no doubt in my mind that I think everybody needs to come together, work together, and start looking out for the best interests of Georgetown and I do believe that we are on the right path now."
According to a report from the Georgetown County Sheriff's Office, in the early morning of April 12, his car was involved in a high-speed chase.GEORGETOWN COUNTY, S.C. (WCSC) - Family, friends and law enforcement officials continue their search for a missing Georgetown County man.Daniel Altman was last seen on April 11.According to a report from the Georgetown County Sheriff’s Office, in the early morning of April 12, his car was involved in a high-speed chase.After running the car’s plates to confirm ...
According to a report from the Georgetown County Sheriff's Office, in the early morning of April 12, his car was involved in a high-speed chase.
GEORGETOWN COUNTY, S.C. (WCSC) - Family, friends and law enforcement officials continue their search for a missing Georgetown County man.
Daniel Altman was last seen on April 11.
According to a report from the Georgetown County Sheriff’s Office, in the early morning of April 12, his car was involved in a high-speed chase.
After running the car’s plates to confirm the car was stolen, deputies attempted a traffic stop but the driver did not pull over, according to the report. A pursuit then took place, reaching speeds of 115 mph.
The report states the chase ended when the driver pulled into the backyard of a private residence.
The passenger of the car, Javon Chattine, fled from the car, running into the woods, according to the report. He was caught and placed under arrest.
The driver of the car, Serenity Jackson, did not flee and was transported to Georgetown County Detention Center and was charged with a DUI along with other charges.
Daniel was not in the car and is still missing, and deputies said they have not determined how the suspects in the chase got ahold of Daniel’s car.
Daniel’s sister, Caroline Altman, said right now the family is in fight-or-flight mode. She said their main focus is finding Daniel.
“We just want someone that knows something to say something,” Caroline said.
Caroline said Daniel is the type of person that would go out of his way to help anyone else. She said if you needed help with anything, you could call Daniel and he will be there.
“Daniel wouldn’t quit on me, and he wouldn’t quit on any of his friends, so we aren’t going to quit on him,” Caroline said.
Now, Daniel’s family and his friends want answers.
Caroline said finding out Daniel’s car was involved in a high-speed chase was very concerning for their family because they have no connection to the suspects in the case.
She said Daniel worked hard for that car- saving money from a young age.
“Daniel would not willingly give someone his car,” Caroline said.
Daniel works at Texas Roadhouse and would get off late at night. She said on the night of April 10, he said he was headed to Kingstree to meet a woman.
But she said she doesn’t know anyone in Kingstree, and that Daniel did not normally hang out there or have friends in that area.
“We know that Daniel wouldn’t run away. He has a house, a job, a car, a job. He wouldn’t just leave all these things behind and not say anything to us or his friends,” Caroline said.
She said she has no idea where her little brother is and would give anything to hear him call her ‘sissy’ again.
“It’s just heartbreaking to think that I may never hear him say that again,” Caroline said.
Anyone who knows anything is asked to call the Georgetown County Sheriff’s office at 843-546-5102.
Copyright 2023 WCSC. All rights reserved.
GEORGETOWN — A group of Georgetown property owners filed a lawsuit against the city on June 1 that accuses current and former officials of pursuing a gentrification campaign to force poor residents out of the West End neighborhood.The lawsuit alleges city officials enacted “several overreaching ordinances” and made decisions based on “ordinances that do not exist or are enforced in an overreaching and offensive manner.”The plaintiffs contend the city’s intent is to remake the demographics of ...
GEORGETOWN — A group of Georgetown property owners filed a lawsuit against the city on June 1 that accuses current and former officials of pursuing a gentrification campaign to force poor residents out of the West End neighborhood.
The lawsuit alleges city officials enacted “several overreaching ordinances” and made decisions based on “ordinances that do not exist or are enforced in an overreaching and offensive manner.”
The plaintiffs contend the city’s intent is to remake the demographics of the historically Black West End community.
“The City of Georgetown began a Gentrification of the West End of the City of Georgetown in the early 2000’s,” the lawsuit states. “As a result of that gentrification, many of the residents in the West End of the City were denied property rights, had their property destroyed and were subjected to deprivation of their constitutional rights under the Constitution of the United States and South Carolina.”
The city’s West End “used to be integrated,” the lawsuit states, adding that the city intends for “wealthier residents (to) take over and expel the poor people of color.”
The plaintiffs in the case are Tony Vanderhorst, Evelyn McCray and Willie Singleton. Each is described in court records as a Georgetown County resident who owns land within the city limits.
“The Plaintiff, Singleton specifically, has spoken out against the City for its violations of his rights and the rights of others in the City [as it] moves forward with retaliation for exercising his right to free speech,” the lawsuit states. “Ms. McCray and Mr. Vanderhorst have had their property rights interfered with by the City through its City Council and the Building Officials.”
The lawsuit names 15 defendants: the city of Georgetown, former Mayor Brendon Barber and incumbent Mayor Carol Jayroe, all six members of the Georgetown City Council, former Georgetown City Council members Tupelo Humes and Al Joseph, City Administrator Sandra Yúdice, interim City Director of Planning and Community Development Robert Cox, former City Zoning and Building Administrator Rick Martin and building official Ryan Call.
The lawsuit states that Vanderhorst, in attempting to relocate a mobile home from North Charleston to Winyah Street in Georgetown in 2022, was confronted by “issues created by the City in order to gentrify the West End and harm the owners of the property to eliminate their ability to use their property in violation of the Constitution of the United States and the Constitution of South Carolina.”
The lawsuit alleges that Call required Vanderhorst to provide unnecessary information after issuing a stop work order that was “unwarranted.”
McCray alleged in the lawsuit that a requirement by Call that she obtain an engineer’s report for the floor of a kitchen trailer cost her “several thousand dollars” despite not being required by law.
″(T)he City’s intent is to eliminate all trailers on the West End in their gentrification scheme to improve the city and eliminate the poor community,” the lawsuit reads.
The lawsuit further alleges that Cox has allowed Call to work as a building official without proper licensing and that Cox holds a conflict of interest by working as a city official and a “commercial consultant pulling building permits under his company.”
Singleton filed a complaint with the S.C. Department of Labor Licensing and Regulation in February that accused Cox of lending his license to Call, according to the lawsuit.
The lawsuit deems Call’s actions similar to those of Martin, who allegedly “interfered with the rights of the Plaintiffs” until he permanently surrendered his license to work as a building official in South Carolina in November 2022. Martin surrendered his license in lieu of a disciplinary hearing after a complaint of “professional misconduct” was made against him to the S.C. Building Codes Council.
Georgetown City Public Information Officer Cindy Thompson said the city had not been served as of the early afternoon of June 6 and therefore had not been able to review the lawsuit.
The plaintiffs are seeking damages in the lawsuit, as well as attorney fees and for the defendants to “cease and desist their harassment and deprivation of rights.”
GEORGETOWN, S.C. (WCBD) – Georgetown unveiled Thursday a permanent educational display that allows people to learn more about America’s founding documents.A dedication ceremony was held at the Charters of Freedom site in Rainey Park. The display includes full-scale, permanent replicas of the Declaration of Independence, U.S. Constitution, and the Bill of Rights.Vance Patterson and his wife started Foundation Forward, an organization that helps install these displays nationwide, after visiting the National Archives i...
GEORGETOWN, S.C. (WCBD) – Georgetown unveiled Thursday a permanent educational display that allows people to learn more about America’s founding documents.
A dedication ceremony was held at the Charters of Freedom site in Rainey Park. The display includes full-scale, permanent replicas of the Declaration of Independence, U.S. Constitution, and the Bill of Rights.
Vance Patterson and his wife started Foundation Forward, an organization that helps install these displays nationwide, after visiting the National Archives in Washington, D.C. back in 2011.
“That’s a display of the Declaration of Independence, the United States Constitution, and the Bill of Rights. In addition to that, we added the Civil Rights Amendment,” he said.
A canon was fired off in commemoration of each article of the Constitution.
The display in Georgetown is the 45th Charters of Freedom documents, but this is the first with the Civil Rights Amendments on display.
“I’ve never been to Washington to actually see these documents, and to just see the Civil Rights amendment that was responsible for the rights that I have, and that we have as a people, it’s just very emotional for me,” said Harold Jean Brown-Williams, who was moved by the display.
Brown-Williams and her good friend Steve Williams really enjoyed seeing the display, and their rights written out.
“My right to vote. My right to be here in Joseph Rainey Park … and people don’t understand the importance of Joseph Rainey. My right to be among people who don’t look like me and I’m not in the background. I’m not in the house, I’m not upstairs in the attic, I’m not in the field.”
As a matter of fact, she’s not in the back, but she sat in the front row during the ceremony, and not by coincidence.
“I’m also the first Black to graduate from Winyah High School back in 1968. And for me sitting in the back was over when my parents made me go to Winyah in 1966. So, I’m always present. I’m always upfront. Because that’s what leaders do. We are upfront,” she said.
A list of everyone who was in attendance at Thursday’s dedication is being put into a time capsule that will be opened on September 17, 2087. That’s the 300th anniversary of the Constitution.