Highland Ventures has acquired 174 Meeting, a 47,113-square-foot Class A office building located in historic Downtown Charleston, SC, for $16.8 million.

Matt Smith, Patrick Gildea, Grayson Hawkins, Robert Hardaway, Charles Carmody, and Ryan Carmody of CBRE represented the seller, real estate investment and development firm Cobalt Property Group. Insite Properties advised Highland Ventures during the transaction.

“With tenant’s focused on flight to quality in today’s office climate, 174 Meeting offers a rare new construction option in Charleston’s amenity rich environment,” said CBRE’s Smith.

The 2014-constructed property is situated near the intersection of Meeting and Market Streets with over 50 restaurants, over 2,300 hotel rooms, and retail options within a half-mile. It features three levels of office space above a ground-level bank, lobby and parking.

174 Meeting was fully occupied at the time of the sale to Truist Bank, Thrive Co-Working, Stifel Financial Corp. and Evening Post Industries.