Type
Press Releases
Date
June 6, 2025
Fourthline Capital Management, LLC (“Fourthline” or “FLC”) is pleased to announce its acquisition of 200 Meeting Street (the “Property” or “200 Meeting”) in the heart of the historic district of Charleston, South Carolina.
The acquisition represents the first time the Property has transacted in over 20 years and is representative of the type of irreplaceable assets in exceptional locations Fourthline seeks to add to its portfolio. The Property consists of over 145,000 square feet of office and retail space with an attached four-story parking garage with over 350 spaces.
200 Meeting has a history not to be unrivaled by its surrounding peers, including the famed Charleston City Market and the Charleston Place Hotel.
The acquisition required deliberate execution, specialized knowledge, and a best-in-class team of professionals to complete.
“Everything is about people, all the time and every time,” said Jake Farver, Founding Partner of Fourthline.
“200 Meeting has been an iconic address for many decades, and we will seek to not only reclaim that position but elevate it to new heights through a comprehensive capital investment plan. This acquisition is both a great opportunity and a great responsibility that we do not take lightly nor for granted.”
Fourthline knows the responsibility of stewardship well, with its Principals being a part of family-owned enterprises that have endured and thrived for more than 100 years.
Farver additionally remarked:
“We are grateful that the prior owners of 200 Meeting understood and embraced our vision for a thoughtful invigoration of an ‘office building’ that should not be lumped in with the national narrative.”
200 Meeting will remain a Class-A office property with the addition of world-class retail spaces fronting Meeting Street, Hayne Street, and Pinckney Street.
“200 Meeting has been hiding in plain sight for some time,” remarked Eduardo Arboleda, Partner with Fourthline.
“We are excited to turn the ground floor ‘inside/out’ and welcome both residents and visitors to transformative retail spaces that will enhance the public realm and livability in one of the greatest cities in the world.”
Leasing & Renovation Plans
Lee & Associates will lead leasing efforts on both the retail and office spaces.
Causeway Capital Advisors and its principal, Tyler Flesch, will lead the renovation and repositioning effort alongside SMHa architects and Choate Construction.
“We build the team just as carefully as we build the business plan,” said Fourthline Partner Eric Gittleman.
According to Reid Davis, Managing Principal of Lee & Associates Charleston:
“Downtown Charleston’s office market is among the tightest in the nation, and 200 Meeting Street represents a rare opportunity to add premium product in the heart of the Peninsula, where demand continues to outpace supply.”
With trophy-quality availability below 2% downtown, Davis notes that repositioning this asset “comes at a pivotal moment: tenants are actively seeking best-in-class spaces that elevate employee experience and reinforce their brand in Charleston’s most prestigious corridors.”
Retail Vision
“FLC is designing expansive, transparent storefronts that invite locals and visitors alike to discover a mix of exciting retailers,” said Justin Ross, Vice President of Retail Leasing at Lee & Associates Charleston.
“By activating the first floor of 200 Meeting Street, FLC will transform this landmark into a destination that celebrates Charleston’s entrepreneurial spirit.”
Ross added:
“Charleston’s retail scene is evolving rapidly and visitors and locals crave authentic, experience-driven concepts. The ground floor of 200 Meeting Street presents an exceptional opportunity to showcase those next-generation brands in a setting steeped in history. With new hotel openings and the continued surge of visitors fueling downtown’s vitality, this retail component is poised to capture a wave of consumer spending and transform the block into one of Charleston’s premier retail destinations.”
Transaction Details
The sale transaction was brokered by Avison Young, with Principals James Nelson (Head of U.S. Investment Sales), Erik Edeen (Senior Director of U.S. Investment Sales), along with local market leaders Chris Fraser (Principal and Managing Director), and Senior Vice Presidents Leslie Fellabom and Ashley Jackrel representing the seller, Charleston Financial Center, LLC.
“Overall, the Charleston office market is one of the tightest in the nation as a result of a muted construction pipeline coupled with an influx of new residents and businesses in recent years,” said Fraser.
About Fourthline Capital Management, LLC
Fourthline Capital Management, LLC (“FLC”) is a focused commercial real estate investment platform dedicated to capitalizing the development and acquisition of commercial real estate assets in exceptional locations properties alongside best-in-class sponsors and operators.
FLC is not a fund; we deploy the equity of our principals and related family enterprises into bespoke partnership structures on a stand-alone basis to optimize the business plan and value creation for each asset.
FLC’s institutional-level deal execution and experience, combined with patient generational capital, provides a unique competitive advantage for our partners, where hold periods can range from 3 years to 50 years or more.
FLC specializes in preferred, hybrid preferred, and joint-venture equity placements in all asset classes.
For more information, please visit www.fourthlinecm.com.