CHARLESTON, SC – December 2020 – NAI Charleston, a leading full-service commercial real estate firm headquartered in Charleston, was pleased to facilitate the transaction involving Chase Bank’s purchase of 309 King Street, which was formerly occupied by Mellow Mushroom. Retail on King Street is in transition, and with the area’s extremely high foot traffic and thousands of college students residing nearby, JPMorgan Chase saw an opportunity in being the only full-service bank on King Street.
“Banking is a people business, and Chase Bank realized King Street is full of current and future customers,” said veteran broker Jack Owens, CCIM, of NAI Charleston.
“We were very happy to successfully represent our clients in the sale of the building and are excited to see Chase Bank establish a presence in the middle King market,” echoes Will Sherrod, CCIM, another veteran broker and retail specialist at NAI Charleston.
Sherrod and Owens represented the seller, All Time High Holdings, LLC, and Higgins & Associates represented the buyer, JPMorgan Chase Bank. The building sold for $3.6 million.
About Chase Bank
Chase Bank serves nearly half of America’s households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Headquartered in Manhattan, New York, Chase Bank has more than 4,700 current branches nationally and is currently adding additional locations.
About NAI Charleston
NAI Charleston is a full-service commercial real estate firm whose industry experts have over a century of combined experience in the Charleston commercial real estate industry and over $1 billion in total transaction volume. In 2017, local brokers Thomas Boulware, Dexter Rumsey, David Ingle and David Grubbs partnered together to found NAI Charleston as an independent franchise of NAI Global, one of the leading global commercial real estate firms, to strengthen their leadership and footprint in the Lowcountry. An owner-operated firm, NAI Charleston possesses a highly personal and unwavering commitment to excellence that can’t be duplicated. Local ownership and leadership, paired with global resources, enables them to offer clients unparalleled services. As a member of NAI Global, NAI Charleston has independent access to the largest, most powerful network of owner-operated commercial real estate firms in the world. Their affiliates comprise 6,000 professionals in 375 offices and 36 countries. Their brokerage, development, management, and consulting services are tailor-made to meet the specific needs of each assignment - from single transactions to coordinating the delivery of multiple services over broad geographic areas. http://www.naicharleston.com
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