CBRE Arranges $62M Sale, Financing of Class A Office Building in Charleston
CBRE has arranged the $61.5-million sale of 215 Benefitfocus Way, a 145,800-square-foot, Class A corporate headquarters office building in the Daniel Island submarket of Charleston, SC. The property was purchased by Zeller from an undisclosed seller.
CBRE’s Patrick Gildea, Matt Smith, Grayson Hawkins, Charles Carmody, Chip Shealy and Cathy Delcoco represented the seller in the transaction. CBRE’s Southeast institutional debt and structured finance Team lead by Harris Ralston and C.J. Kelly represented the buyer in the debt financing.
“Charleston’s impressive demographics, specifically job growth and population growth, continue to attract new capital sources from outside of the market,” said CBRE’s Gildea. “Class A properties with nearby amenities continue to be the top targets for capital.”
Built in 2015, The 2015-constructed, four-story single-tenant building is leased long term by Benefitfocus, a benefits administration company that will continue to occupy the building as part of its hybrid work plan.
- ◦Sale/Acquisition