Story by cnmAdmin2030
December 3, 2021
North Charleston, SC (December 3, 2021) The ownership of GARCo Mill, a mixed-use office and retail campus located in North Charleston’s vibrant Park Circle neighborhood, today announced it executed four new office leases in recent months. This latest round of leasing increases the overall occupancy of the 240,000-square-foot campus to over 80 percent, with less than 40,000 square feet of office and restaurant space remaining.
Coastal Carolina Research Center, a medical research facility that performs clinical research trials and investigational drug studies, leased an additional 5,778 square feet for it’s new office on the campus where they now have a total of 13,533 square feet. Surety Bonds Direct, a national bonding agency, leased 2,300 square feet. Homes by Dickerson, a custom home builder, leased 1,982 square feet, and Willson Jones Carter & Baxley, an insurance defense law firm, leased 10,931 square feet.
“The success of the GARCo Mill project is hinged on many factors, including the opportunity to occupy space within a beautifully renovated historic mill in a thriving area of North Charleston’s Park Circle,” said Geoff Groat, Broker-In-Charge, Roadstead Real Estate Advisors, LLC. “A critical and perhaps equally important component is the centralized location, with access to all of the main transportation arteries within the region just a short distance away and the ability to be anywhere within the greater metro area within minutes. Lastly, but certainly not least, are the amenities we have within walking distance from the project. Multiple restaurants, breweries, coffee shops, retail and more are all a couple of blocks from the heart of GARCo Mill, making it a highly desirable work-play-live area.”
GARCo Mill is owned by a partnership consisting of global real estate firm Jamestown and local Charleston real estate developers William Cogswell and Jay Weaver. Jamestown, which is known for the redevelopment of Atlanta’s Ponce City Market and New York’s Chelsea Market, entered the partnership in March 2021. Cogswell and Weaver, who purchased the property in October of 2017, are known for their expertise in renovating historic buildings and have led the development of a number of iconic properties, including Charleston's Cigar Factory and One Cool Blow, and Savannah’s Frogtown and Starland.
The property, located at 4900 O'Hear Avenue in North Charleston, consists of one renovated century-old mill building and two newly-built, Class A office buildings. It is within walking distance of East Montague Avenue’s restaurants and shops. Tenants include Venture X, Ingevity, and the Charleston Chamber of Commerce.
For leasing inquiries, please contact Geoff Groat or Daniel Atwill with Roadstead Real Estate Advisors at (843) 577-7732, or Richard Morse with Palmetto Commercial Properties at (843) 577-2550.
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