Find Real Estate Agents and Homes for Sale


Real Estate News --> South Carolina News

LRC Properties buys South Carolina business park for $42M


LRC Properties in Rye Brook paid $42 million for an approximately 1.1 million-square-foot industrial complex in North Charleston, South Carolina in an off-market deal. Leeds Park The 8-year-old real estate investment firm in a press release said it plans ...


Archived Story

LRC Properties in Rye Brook paid $42 million for an approximately 1.1 million-square-foot industrial complex in North Charleston, South Carolina in an off-market deal. Leeds Park The 8-year-old real estate investment firm in a press release said it plans to invest about $15 million in infrastructure and aesthetic improvements to Leeds Park, a mixed-use complex of office, manufacturing and flex space on an approximately 72-acre siteThe business park is about 75 percent occupied. LRC Properties principal and co-founder Howard Lavitt said the company plans to renovate approximately 40,000 to 50,000 square feet of office space to Class A building standards and 150,000 square feet of industrial space for Leeds Park tenantsWork is expected to begin in 2018. Amherst Capital Management in New York provided debt financing for the purchase and future renovations. With the Leeds Park deal, LRC Properties owns approximately 7.5 million square feet of commercial properties on the East Coast, with nearly $600 million of assets under management, most in the SoutheastLavitt said LRC seeks additional investment opportunities in Charleston and the Southeast from its office in Charlotte. var bannersnack_embed = {"hash":"bx907fsau","width":728,"height":90,"t":1488029628,"userId":27676241,"responsive":true,"type":"html5"}; TAGSHoward LavittLRCLRC Properties Previous articleGoldens Bridge Mercedes dealer countersues repair shop for defamationNext articleHastings residents vote to preserve water tower on ARCO property John GoldenAs managing editor of the Business Journals, John Golden directs news coverage of Westchester and Fairfield counties and the Hudson Valley regionHe was an award-winning upstate columnist and feature writer before joining the Business Journal in 2007He is the author of “Northern Drift: Sketches on the New York Frontier,” a collection of his regional journalism. var block_td_uid_4_5a28c1d9e3c08 = new tdBlock(); block_td_uid_4_5a28c1d9e3c08.id = "td_uid_4_5a28c1d9e3c08"; block_td_uid_4_5a28c1d9e3c08.atts = '{"limit":3,"sort":"","post_ids":"","tag_slug":"","autors_id":"","installed_post_types":"","category_id":"","category_ids":"","custom_title":"","custom_url":"","show_child_cat":"","sub_cat_ajax":"","ajax_pagination":"next_prev","header_color":"","header_text_color":"","ajax_pagination_infinite_stop":"","td_column_number":3,"td_ajax_preloading":"","td_ajax_filter_type":"td_custom_related","td_ajax_filter_ids":"","td_filter_default_txt":"All","color_preset":"","border_top":"","class":"td_uid_4_5a28c1d9e3c08_rand","el_class":"","offset":"","css":"","tdc_css":"","tdc_css_class":"td_uid_4_5a28c1d9e3c08_rand","live_filter":"cur_post_same_categories","live_filter_cur_post_id":96759,"live_filter_cur_post_author":"7"}'; block_td_uid_4_5a28c1d9e3c08.td_column_number = "3"; block_td_uid_4_5a28c1d9e3c08.block_type = "td_block_related_posts"; block_td_uid_4_5a28c1d9e3c08.post_count = "3"; block_td_uid_4_5a28c1d9e3c08.found_posts = "14263"; block_td_uid_4_5a28c1d9e3c08.header_color = ""; block_td_uid_4_5a28c1d9e3c08.ajax_pagination_infinite_stop = ""; block_td_uid_4_5a28c1d9e3c08.max_num_pages = "4755"; tdBlocksArray.push(block_td_uid_4_5a28c1d9e3c08); RELATED ARTICLESMORE FROM AUTHOR Banking & Finance Credit agencies give Westchester County high scores Economic Development Resorts World to hold job fairs for 1,400 positions at Sullivan County casino Food & Beverage Chipotle to open second White Plains location LEAVE A REPLY Cancel reply Please enter your comment! Please enter your name here You have entered an incorrect email address! Please enter your email address here var block_td_uid_7_5a28c1da1e852 = new tdBlock(); block_td_uid_7_5a28c1da1e852.id = "td_uid_7_5a28c1da1e852"; block_td_uid_7_5a28c1da1e852.atts = '{"limit":"5","sort":"","post_ids":"","tag_slug":"","autors_id":"","installed_post_types":"","category_id":"19035","category_ids":"","custom_title":"LATEST NEWS","custom_url":"","show_child_cat":"","sub_cat_ajax":"","ajax_pagination":"","header_color":"#","header_text_color":"#","ajax_pagination_infinite_stop":"","td_column_number":1,"td_ajax_preloading":"","td_ajax_filter_type":"","td_ajax_filter_ids":"","td_filter_default_txt":"All","color_preset":"","border_top":"","class":"td_block_widget td_uid_7_5a28c1da1e852_rand","el_class":"","offset":"","css":"","tdc_css":"","tdc_css_class":"td_uid_7_5a28c1da1e852_rand","live_filter":"","live_filter_cur_post_id":"","live_filter_cur_post_author":""}'; block_td_uid_7_5a28c1da1e852.td_column_number = "1"; block_td_uid_7_5a28c1da1e852.block_type = "td_block_7"; block_td_uid_7_5a28c1da1e852.post_count = "5"; block_td_uid_7_5a28c1da1e852.found_posts = "4428"; block_td_uid_7_5a28c1da1e852.header_color = "#"; block_td_uid_7_5a28c1da1e852.ajax_pagination_infinite_stop = ""; block_td_uid_7_5a28c1da1e852.max_num_pages = "886"; tdBlocksArray.push(block_td_uid_7_5a28c1da1e852); LATEST NEWS Credit agencies give Westchester County high scores December 6, 2017 Resorts World to hold job fairs for 1,400 positions at Sullivan.. December 6, 2017 Chipotle to open second White Plains location December 6, 2017 ArtsWestchester opens ‘On The Horizon’ exhibit at Memorial Sloan Kettering December 6, 2017 Stamford apartment building, The Wescott, sold for $67M December 6, 2017

Trending South Carolina News:


  • Kite sees bigger quarterly loss on higher revenue
  • Zoning Drama In Forest Acres, SC
  • I-85 continues to power Upstate growth
  • South Carolina Flooding: Real Estate Boom At Risk As Threats From Climate Change Intensify
  • New Management Team Named at Better Homes and Gardens®Real Estate Elliott Coastal Living
  • Generation Wins Consecutive Development Deal of the Year Award from Hilton Worldwide
  • Beaufort County business leaders write Haley to try to lower home insurance rates
  • SC Lt. Governor weighs in on protests during national anthem
  • Tim Scott Tapped for South Carolina Senate Seat
  • Hall Capital Snags $36M SC Office Asset
  • Political Estate Billboards
  • Catherine Templeton Pushes SC Tax Conformity
  • Lifescapes Selected to Design Two South Carolina Destinations
  • South Carolina Commercial Real Estate Broker Directory
  • Jeffrey Peters Realtor Launches New Online Strategy to Promote South Carolina Real Estate Services
  • National Land Realty Joins with Timber-Specialist Canebrake Land Brokers
  • SC Ports Authority to discuss traffic improvements on I-526
  • Equity picks South Carolina for 10th office amid $50M in projects in the state
  • Vacancy down in Columbia’s office, industrial real estate markets
  • Home sales spike in Columbia