Business Briefs - June 7, 2018
SALLÉ GALLOWAY, LLC OPENS DI OFFICE
Sallé Galloway, LLC, recently announced the opening of their new law office on Daniel Island, located at 245 Seven Farms Drive, Suite 300 (above Island Medical). Bret Galloway, founding partner of the Daniel Island location, says he enjoys being part of a unique community that has so much to offer its residents. Sallé Galloway, LLC, concentrates on real estate, estate planning, probate and corporate work. Sallé Galloway, LLC’s approach to representing their clients is to provide individual attention in a proactive and efficient manner. The firm’s other location is in Greenville, SC. For more information, visit www.sallegalloway.com.
LEE & ASSOCIATES CHARLESTON RELEASES 1ST QUARTER REPORTS
Lee & Associates, a comprehensive Charleston, SC commercial real estate firm providing brokerage, development, and property management services, recently published their 1st quarter 2018 market reports.
According to a press release from the company, the office sector is experiencing record low vacancies, below 6 percent, driving rents up to just over $24.50/SF, a result of increasing business interest in the metropolitan area. The Port of Charleston and Charleston’s robust industrial infrastructure has attracted more developers and resulted in the delivery of over a million square feet in the last three years.
“Industrial investment in our city continues to trend upwards each year exceeding $100 million in exchanges,” stated the release. “Tourism continues to drive Charleston’s thriving retail sector and more than 560,000 SF of new retail construction was delivered in 2017 bringing the existing retail square footage to over 22 million in 2018.”
For additional information on Lee & Associates, visit http://www.lee-charleston.com.
FORMER T-MOBILE BUILDING CONVERTING TO CLASS A OFFICE SPACE
The four-story building at 115 Fairchild Street, formerly occupied by T-Mobile, is being converted into Class A office space, according to an article posted on the website for Commercial Property Executive (www.cpexecutive.com). The 88,860 square foot building, constructed in 2001, was home to a T-Mobile call center for 17 years. The conversion is being undertaken by JLL Charleston for owner Daniel Island Sun LLC, stated the article, and will feature a color palette indicative of Charleston’s “nautical history and seaside views.” The property reportedly has 72,220 square feet of available space with 22,500 square foot “floor plates.” The lease rate is listed at $29.50 per square foot. According to a listing about the building on the website for Palmetto Commercial Properties, LLC, the site will be known as “The Landing,” a name “derived from the significance of Charleston as the landing point of merchant ships traveling from Bermuda and Barbados.”
Renovations to the building are expected to be completed this month.
DAVID THEOBOLD OFFICIAL CHIROPRACTOR FOR CHARLESTON BATTERY
Dr. David Theobald, of Theobald Family Chiropractic, has been chosen as the Official Chiropractor for the Charleston Battery Soccer team for the 18th year. Dr. Theobald will provide chiropractic care to players before all home matches and players also will be seen in his Mt. Pleasant office.
“It is an honor to care for these professional athletes and be part of the team that keeps them on the field,” said Dr. Theobold, a Daniel Island resident. “I have learned an incredible amount about sports injury and rehabilitation caring for these players. It really helps me in my every day practice; there are not many injuries that I have not been exposed to.”
DI STARBUCKS JOINS 8,000 OTHER LOCATIONS IN CLOSING FOR ANTI-BIAS TRAINING
Some 8,000 Starbucks shops nationwide, including the location on Daniel Island, closed their doors to customers on the afternoon of Tuesday, May 29, to conduct anti-bias training for employees. A sign posted at the Daniel Island Starbucks announced the temporary closure. According to media reports, some 175,000 Starbucks employees took part in the educational sessions, which were intended to combat discrimination and encourage staffers to create a more “welcoming and inclusive” environment. On the day of the closures, the company posted the following message on its Facebook page: “Today we take another step to ensure we live up to our mission. For several hours this afternoon, Starbucks will close stores and offices to discuss how to make Starbucks a place where all people feel welcome. Thank you for your patience and support as we renew our promise to make Starbucks an inclusive gathering place for all.”