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Berkadia Commercial Mortgage Leases Office Space in Charleston

Exterior of a modern office building in Charleston, South Carolina

News Summary

Berkadia Commercial Mortgage has finalized a lease for 2,625 square feet at 121 Calhoun Street, achieving full occupancy for the property. This prime location is expected to boost Berkadia’s operations in Charleston, where the demand for Class A office space continues to grow. The office features on-site parking and is situated near various amenities. The lease was facilitated by Maddy Stout of Colliers, highlighting the building’s appeal to diverse tenants, including a bridal boutique and a content creation group.

Charleston Office Space Leased to Berkadia Commercial Mortgage

Berkadia Commercial Mortgage has signed a lease for 2,625 square feet of office space at 121 Calhoun Street, marking the property’s full occupancy. This transaction solidifies Berkadia’s presence in Charleston as the leading non-bank commercial mortgage servicer in the U.S. The lease was facilitated by Maddy Stout, a Brokerage Associate representing 2783 Atlantic Owners.

The 7,450-square-foot office building, located in a prime area of Charleston, offers on-site parking along with close proximity to various amenities, including restaurants, hotels, and shopping. Berkadia will occupy the second floor of the building, which boasts high visibility due to over 15,000 vehicles and thousands of pedestrians passing daily. This prime location is expected to enhance Berkadia’s operational efficiency and client engagement.

Other Tenants and Property Features

At 121 Calhoun Street, the first floor is occupied by White Magnolia, a bridal boutique, while the third floor houses Creators Corner, a content creation group. The leases for both of these businesses were completed by Colliers in 2023 and 2024, showcasing the building’s appeal to a diverse range of tenants.

Market Insights and Demand

Maddy Stout highlighted that there is a continuous demand for Class A office space in Charleston, often exceeding the available supply. This trend has made 121 Calhoun Street an attractive proposition for companies seeking quality office environments. Stout emphasized that the successful collaboration with Atlantic Owners was crucial in securing advantageous leasing terms, ensuring that the right tenant would be paired with the property.

Berkadia’s Role and Services

Berkadia Commercial Mortgage provides a range of services in the commercial real estate sector, including lending, brokerage, investment sales, and property research. The company focuses on enhancing commercial property value and facilitating real estate transactions, further establishing its reputation in the industry.

Conclusion

Berkadia’s leasing at 121 Calhoun Street is a significant addition to Charleston’s commercial real estate landscape. The full occupancy of this premier Class A office building reflects the robust economic activity in the area, reinforcing the need for high-quality serviced spaces to accommodate growing businesses. As the demand for office space remains strong, properties like 121 Calhoun Street will continue to be sought after in the Charleston market.

Weather Conditions

On the day of the announcement, Charleston is experiencing partly cloudy skies that will transition into occasional showers in the afternoon. The expected high temperature is 82°F, with southwest winds blowing at 10 to 15 mph. The evening low will settle around 70°F, accompanied by lighter winds.