174 Meeting St. , a 53,107 square-foot boutique office building in downtown Charleston, South Carolina, was purchased by diversified investment firm Highland Ventures for $16.75 million.
Built in 2013, the building is located near the intersection of Meeting and Market streets on Charleston’s Peninsula and has three levels of office space above a ground-level bank, lobby and parking.
CBRE arranged the sale on behalf of the seller, an affiliate of Cobalt Property Group, and confirmed details of the transaction in a news release. The team of CBRE brokers involved in the transaction include Matt Smith, Patrick Gildea, Grayson Hawkins, Robert Hardaway, Charles Carmody and Ryan Carmody. Charlotte, North Carolina-based Insite Properties advised buyer Highland Ventures in the transaction.
The office property was one of four sold by local developer Holder Properties in 2017 to a joint venture of Cobalt and Garrison Investment Group of New York.
At the time of the sale, 174 Meeting was fully occupied by Truist Bank, Thrive Co-Working, Stifel Financial Corp. and Evening Post Industries.
Introduction of new chain unites fresh food, at-home movie rentals, revives concept of movie night
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“At a time when Amazon, Apple and Comcast rule the movie rental business, Keith Hoogland is quick to point out that renting videos the old-fashioned way — at an actual video store — is not out of style.”
“The Salvation Army Boys & Girls Clubs of Davidson County and Marco’s Pizza will work together to enhance youth development and recognition of youth success within Lexington and Thomasville.”
“Family Video is joining together with two other organizations to once again support life-saving lymphoma research.”
Family Video, the suburban Chicago-based video rental chain that outlasted Blockbuster, VHS tapes and the “be kind, rewind” mantra, is closing its stores and calling it quits after 42 years.
“Your shelves were always full, my sweet, fallen friend. Your DVDs, your Blu-Rays, your television boxes sets, which for some reason I had to rent disc by disc instead of just the whole season at once, which was irritating as all hell, but that’s ok now. I forgive you.”
Family Video went out of business. All its brick-and-mortar stores closed. But the brand is still alive — ironically in the digital world that helped usher in the company’s demise.
Marco's Pizza's largest franchisee has added a location in New Berlin's busiest district.
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Highland Ventures is opening up a 25,000 square foot office in Nashville, TN. Highland Ventures' former corporate office was in Glenview, IL.
Glenview, IL - Keith Hoogland, President and CEO of Highland Ventures announced the sale of Family Vet Group to Heartland Veterinary Partners. Family Vet Group, founded in 2019, provides full-scale general veterinary services in major metropolitan areas in Florida, Texas, Tennessee, North Carolina and Indiana.
His leadership qualities have allowed him to take a small video store, build it into a massive video rental chain and then successfully transition into a real estate conglomerate with multiple operating subsidiaries. He is fantastic at change management.