LMHT Capital Acquires The Offices at Nexton near Charleston, SC

By: JLAM
 
CHARLESTON, S.C. - Jan. 25, 2021 - PRLog -- LMHT Capital, the acquisition arm of Jack Lingo Asset Management, is pleased to announce it has acquired the Offices at Nexton, a trophy Class A+ multi-tenant office building located in the high growth Summerville submarket of Charleston, SC.  The Offices at Nexton is 95% occupied and boasts numerous high-quality tenants with significant remaining lease term.  In addition, the property offers unmatched walkable amenities including numerous dining/entertainment options and active recreation opportunities.

Doug Motley, Principal of LMHT Capital, noted "The Offices at Nexton presented the opportunity to acquire the premier office asset in a very dynamic and rapidly growing submarket.  Not only is this a great building, but it is surrounded by amenities typically found in more urban destinations.  We see tremendous value in the rare combination of long-term stability and growth potential offered by this investment."

The 98,000 square foot building was constructed in 2014, is LEED Gold certified, and features modern common areas and floor to ceiling glass lines.  With ample parking and excellent visibility from, and easy access to, I-26, the property is well positioned to benefit from the explosive growth of the Summerville/Nexton market.  The Offices are part of the overall Nexton mixed-use development community which encompasses 4,500 acres and consists of 10,000 planned residential units and six million square feet of commercial space.

LMHT Capital would like to thank Huston Green and Chris Lingerfelt of JLL Capital Markets who represented the seller, and Matt Casey and Van Glosson of JLL for arranging the acquisition financing through Credit Union Business Services.

LMHT Capital has engaged the Charleston office of Cushman & Wakefield | Thalhimer to provide leasing and property management services for the property.

This closing marks the first acquisition in LMHT Capital's strategy of building a portfolio of premier office assets in select high growth markets in the southeast and mid-Atlantic regions.

About LMHT Capital

LMHT Capital, the acquisition arm of JLAM, is a real estate investment firm specializing in investments in middle market commercial properties. The firm focuses on premier properties in select high growth markets in the southeast and mid-Atlantic U.S.  As a direct investor and operator, LMHT Capital is well-positioned to capitalize on favorable thematic factors, market dislocations, and contrarian investment opportunities.  For more information, please visit https://www.jacklingoam.com/lmht.html

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LMHT Capital - Doug Motley
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Tags:Investment
Industry:Real Estate
Location:Charleston - South Carolina - United States
Subject:Partnerships
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