An affiliate of Boston-based Albany Road Real Estate Partners paid $12.5 million for more than 15 acres across four adjacent parcels on Thorpe Street in Summerville. It is the firm's first purchase in the Charleston market.
Why this matters here
The new owner plans to lease up improved acreage off Highway 78, and the brokers point at contractors and equipment-storage users as the demand. Those are local trade businesses looking for yard space.
First reported by scbiz.com.
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