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Cushman & Wakefield Arranges $23.75 Million Sale for Cobalt Property Group

9/21/2020
Cushman & Wakefield has arranged the $23.75 million sale of 134 Meeting Street, a 71,947-square-foot office building located in the heart of downtown Charleston, South Carolina.

134 Meeting Street

Jared Londry, Rob Cochran and Nolan Ashton of Cushman & Wakefield represented the seller, Cobalt Property Group, in the transaction. Highland Ventures, a separate account client of Insite Properties, acquired the property.

“134 Meeting Street presented an unparalleled opportunity to acquire a distinguished presence in the market with a best-in-class building offering credit, term, and noteworthy tenant retention,” Londry said.

Located at Meeting and Queen Streets, the 93% leased building offers modern systems, high-end finishes, renovated elevators and one of the highest parking ratios in the Central Business District. Notable tenants include K&L Gates, an international law firm, and Haynsworth, Sinkler & Boyd, a South Carolina-based law firm founded in 1887.

The building was renovated in 2015 to include new HVAC equipment with digital controls; upgraded lobbies, restrooms, and common corridors; and a new 1,702-square-foot fitness center with showers.

 

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

 

Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Senior Communications Specialist, South Region • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's South region. She oversees media relations, thought leadership initiatives, and manages blogs and social media.