Mark Ratchford, principal with KDS Commercial Properties represented the seller in the disposition of a 50,000SF commercial building on 5.88 acres. The property is located at 8150 Warren H. Abernathy Hwy in Spartanburg, SC, and sold for $4.5M. The buyer was represented by Shannon Donahoo with Blackstream International. The property was purchased, redeveloped and leased to VA College in 2011 and then sold to out-of-market investors. With the recent bankruptcy of the parent company for VA College, the ownership put the property on the market for sale. The new owner will use the property for continued educational use as a Green Charter School.
Green Charter, currently operating three other Charter Schools in South Carolina, was the first charter school in the state to replicate its model (Irmo, SC, 2007) and recently earned approval from the SC Public Charter School District to replicate its again at this and the future Charleston location (2020). Green Charter Schools teach students to weigh the pros and cons of both “renewable and nonrenewable energy” and use a curriculum written by the National Energy Education Development Project, whose sponsors and partners include major petroleum and utility companies like BP America, Citgo, Dominion Energy and Duke Energy. The school plans minor renovations and to open Green Charter Schools-Spartanburg in the fall of 2019. Read more at scgreencharter.org
IN THE PRESS
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