SK Investment Group, the investment arm of Atlanta-based SK Commercial Realty, teamed with Charleston-based Weaver Capital Partners to buy Rivergate I and II at 4975 and 4995 Lacross Road in North Charleston for $21 million. The 116,409-square-foot pair was 93 percent leased at closing, and the buyers plan to reconfigure space for medical tenants as Roper St. Francis builds a $1.2 billion hospital campus next door, set to open in 2029.
Why this matters here
A $1.2 billion hospital campus reshapes everything around it: lunch spots, pharmacies, dry cleaners, child care, parking. Out-of-town capital is already pricing that corridor in. If you serve that part of North Charleston, the next three years are the window to build name recognition, not the year the doors open.
First reported by herecharleston.com.
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