Downtown Charleston office building reaches full occupancy

A downtown commercial retail space has reached full occupancy.

Colliers South Carolina brokerage associate Maddy Stout represented the landlord, 2783 Atlantic Owners, in the lease of 2,625 square feet of office space to Berkadia Commercial Mortgage at 121 Calhoun St. in Charleston, bringing the 7,450-square-foot office building to full occupancy, according to a news release.

Berkadia Commercial Mortgage is the largest non-bank commercial mortgage servicer in the U.S., offering commercial real estate lending, brokerage and servicing, the release stated. The firm also provides investment sale and property research services.

121 Calhoun Street is a premier Class A office building in downtown Charleston with on-site parking and close proximity to restaurants, hotels and shopping, according to the release. Berkadia Commercial Mortgage will occupy the second floor of the building, allowing the firm to take advantage of exceptional visibility to more than 15,000 vehicles and thousands of pedestrians each day, the release stated.

The first floor at 121 Calhoun is home to White Magnolia, a bridal boutique, while the third floor is occupied by content creation group Creators Corner. Both leases were facilitated by Colliers in 2023 and 2024, respectively, the release stated

“In Charleston’s highly competitive market, the demand for Class A office space consistently exceeds available supply,” said Stout in the release. “Atlantic Owner entrusted us with the leasing of its downtown property in order to secure the most advantageous terms and the right tenant fit for each space. We are thrilled to announce the full lease-up of the property with the addition of Berkadia Mortgage and look forward to seeing their business thrive at this new location.”

As a member of the Colliers office brokerage team, Stout specializes in the leasing and purchasing of office space throughout the Charleston market and along the South Carolina coast.