By Lauren Ratcliffe
Published April 25, 2013
Three office properties in North Charleston sold this month for $8 million to a company with plans to renovate the one vacant building.
Bridgeview Properties LLC purchased the buildings from the estate of Morton Needle, a longtime Charleston land developer. R. Milton Thomas III, a broker with Lee & Associates’ Charleston office, brokered the deal.
“This sale further shows the confidence in the overall Charleston market as being a solid economy to invest in,” Thomas said.
Charlie Wendell of Bridgeview Properties LLC said the group hopes to use the property’s proximity to Interstate 526 and Boeing to market it to future tenants.
“We viewed these assets as a great opportunity for our group to come in and add value to the assets for today’s market,” he said.
The other properties are located at 4275 Bridge View Drive and 4355 Bridge View Drive in North Charleston.
According to land records, Needle originally purchased the four tracts of land for $10.6 million in 1999 from Bridge View Properties Inc., a company that dissolved in 2005.