Commercial real estate news releases from Avison Young
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Avison Young brokers $7.5M sale of Greenville Scottish Rite Center
Redevelopment opportunity sells for $7,500,000
Greenville, SC – Avison Young announced today that it has brokered the sale of a 255,261-square-foot (sf) redevelopment opportunity located at 817 Cleveland Street in Greenville, South Carolina.Greenville Lodge of Perfection, Ancient and Accepted Scottish Rite of Free Masonry, the seller, was represented by Senior Vice President, Rob Howell, Vice President, Kristin Cameron McDonald, and Principal, Gary Lyons, CCIM, SIOR who are based in the firm’s Greenville office. The property was purchased by 817 Cleveland Development Partners, LLC (ARCE).
“ARCE’s high-quality development is an exciting and significant step in the continued growth along the Cleveland St corridor said Howell. “Our team’s efforts generated multiple offers from highly-qualified buyers from inside and outside the Upstate market.”
“The Scottish Rite Center is in a highly desirable location near downtown Greenville. Its proximity to Swamp Rabbit Trail, YMCA, and Cleveland Park make it the perfect location for a high-end multifamily development.”
“From day one, Rob, Gary, and Kristin, at Avison Young, guided our organization through the most advantageous disposition strategy we could hope for. In the end, the AY team helped us consummate a deal that was dramatically better in price, term, and certainty than any of the several unsolicited offers we had previously received,“ said Ed S. Secretary General of the Greenville Lodge of Perfection. “Our organization benefitted from their experience and relationships in the market, and they helped us turn a daunting and complicated sale process into a smooth transaction.”