May 4 - May 17, 2015
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Business Digest Ravenel Associates opens new brokerage, development division
Ravenel Associates is launching Ravenel Commercial Properties, a commercial real estate brokerage and development division that will focus on land, office, industrial, retail and investment property in Charleston, Dorchester and Berkeley counties. The new office is at 960 Morrison Drive in downtown Charleston. Jules Deas is broker in charge of the new division.
JTE Marketing merges with Print Management Solutions
Charleston-based JTE Marketing Group has merged with Print Management Solutions. The merger gives JTE Marketing the capability to add printing to its existing services of website design, content and social media management, marketing strategy and consulting.
SCRA Technology Ventures adds 3 companies to programs
SCRA Technology Ventures has added two new companies to its SC Launch Program and one to its Resource Partner Network. Charleston company ToleRaM
Nanotech and Upstate company Purilogics were recently accepted as client companies and Florence-based HillSouth is now a member of the Resource Partner Network. ToleRaM Nanotech focuses on synthesizing nanoparticles to aid in organ-transplant surgery.
ServisFirst Bank earns investment-grade ratings
ServisFirst Bank, a subsidiary of ServisFirst Bancshares, has earned investment-grade ratings from the Kroll Bond Rating Agency. The bank was assigned a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, a short-term rating of K2 and an outlook of stable. ServisFirst Bank was assigned a senior deposit rating of A-, a short-term rating of K2 and outlook of stable.
footwear, accessories and items for the home.
SCRA’s Stage 2 invests in Integrated Biometrics
The Stage 2 affiliate of Summerville-based SCRA has made a Technology Ventures investment in Spartanburg-based Integrated Biometrics. The Upstate firm develops and manufactures small, lightweight, FBI-compliant fingerprint scanners. SCRA’s Stage 2 sponsors investments of $1 million to $5 million in mature, S.C.-based technology companies. It invests its capital in partnership with outside, private investors.
Mungo Homes names 2015 advisory board
A new Tommy Bahama store is set to open on May 4 at Freshfields Village, at the crossroads of Kiawah, Seabrook and Johns islands. The Seattle-based island-lifestyle brand sells men’s and women’s sportswear, swimwear,
Mungo Homes has appointed its 2015 Charleston Realtor Advisory Board: Gray Bailey, Drake Herrin, Katherine Keadle, Diana Johnson-Pellum, Tom Tillery and Deb Walters of Carolina One Real Estate; Becky Barrett of Agent Owned Realty; Ron Henderson of Century 21; Jennifer Finger Krause of Coldwell Banker; and Mattie Nesmith of The Elite Realty Group.
to Orrie Lee Tawes III and Satinwood Ltd. Gerry Schauer of Avison Young represented the tenants.
in downtown Charleston to Raven Cliff Co. Michael Wooddy of Raven Cliff Co. represented the buyer.
Thomas G. Buist of Lee & Associates Charleston represented the seller, ITT Aerospace Controls LLC, in the sale of a 41,816-square-foot industrial building at 5154 U.S. Highway 78 in St. George to Comact Equipment Inc. for $850,000. Charlie Moore of Carolina Commercial LLC represented the buyer.
Todd P. Garrett of Avison Young represented Infinger Family LLC in the lease extension of a 4,500-square-foot office and warehouse building at 4748 Franchise St., Suite C, in North Charleston to K Construction Co. Inc.
Tommy Bahama retail store opening on Kiawah Island
Hot Properties The following commercial real estate transactions were recently completed in the Charleston area. For weekly updates on commercial deals, see the Hot Properties feature every Monday in the Daily Journal email or online at www.charlestonbusiness.com. To submit items for the feature, send email to dailyjournal@scbiznews.com. Jack V. Owens of Lee & Associates Charleston represented the seller, North Central Apartments L.P., in the sale of a 31,711-square-foot former skating rink at 1056 King St. in downtown Charleston for $1.225 million. R. Hamilton Morrison with Reyworks LLC represented the buyer. Thomas Boulware VI and Dexter Rumsey IV of NAI Avant’s Charleston office represented the seller, MWVParks of Berkeley LLC, in the sale of a 1.607-acre outparcel in MeadWestvaco’s Nexton development, at the intersection of Interstate 26 and U.S. Highway 17-A in Summerville, to Fenton Development Group, for Rainbow Child Care Center, for $482,100. Edward Robinson of The Beach Co. represented the landlord, Sherry Lee Taylor, in the lease of 1,200 square feet of office space on the second floor at 178 1/2 King Street in downtown Charleston
Jeremy Willits and Gerry Schauer of Avison Young represented the landlord, Long Point Center LLC, in the lease of a 7,027-square-foot office space at 503 Wando Park Blvd. in Mount Pleasant to Lueder, Larkin & Hunter LLC. Tradd Varner of Coldwell Banker Commercial represented the tenant. John H. Tison of Cushman & Wakefield Thalhimer represented the buyer, Bartlett Tree Experts, in the purchase of a 9,000-square-foot flex building on 1.2 acres at 2285 Technical Parkway in the Wildwood Business Park in North Charleston from Plan C Investments LLC for $781,000. Patrick Bell of Dunes Commercial Properties and Kristin Walker of Dunes Properties of Charleston represented the seller in the sale of 706 Meeting St.
Thomas Boulware of NAI Avant’s Charleston office represented the landlord in the lease of 1,000 square feet of space at Midway Plaza, 1300 Savannah Highway, Unit C, in Charleston, to the electronic cigarette group Zuluvape. Todd P. Garrett of Avison Young represented the buyer, 1063 Morrison Drive LLC, in the purchase of a 7,364-squarefoot office and warehouse building at 1063 Morrison Drive in Charleston from Lord & Evans Investment Corp. LLC for $1.087 million. J. Steve Wray of Carolina One Real Estate Services represented the seller. Amanda Reeves and Jack Owens of Lee & Associates Charleston represented the buyer, King Street Partners LLC, in the purchase of 583 King St. in Charleston for $3.325 million from TKH Holdings Group LLC. Anton Sedalik of Prospect Real Estate Brokers LLC represented the seller.
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