A Chicago-based investment partnership of real estate investment firm North Park Ventures and MCZ Capital Ventures finalized their purchase of 131 Columbus St. in Charleston, South Carolina, for $10 million. The prime infill site is currently occupied by a 14,100-square-foot retail complex housing a bowling alley and restaurant that has operated there since 2012. In August 2021, the seller, Southern Realty Development Corp. obtained zoning approvals for a 175-room hotel at the location along the planned Lowcountry Lowline, a former rail line being converted into linear park. Charleston-based real estate brokerage and investment firm Woodlock Capital LLC arranged the sale, representing both the buyers and seller.
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IN THIS ARTICLE
- Companies
- MCZ Development Corporation
Real Estate
- Contacts
- Andrew Batkins
Partner, Woodlock Capital
- Elliot Calhoun
Partner/Co-Founder, Woodlock Capital