Joint Venture Invests in SC Redevelopment
ByMonarch Private Capital and The Sherbert Group closed an equity investment in the Lowenstein Building, a former printing and finishing property that is part of a multi-million dollar redevelopment project in Rock Hill, S.C., dubbed Knowledge Park. The consulting companies set up the Moxie Investment Funds, the joint venture that provided equity and tax credit bridge financing for the Lowenstein Building transaction.
Located at 400 W. White St. on the 23-acre Bleachery site, the five-story asset was built in stages between 1939 and 1954, and it is one of the last remaining structures from the original textile plant, which operated from 1929 to 1998. After renovations, the property will encompass approximately 225,000 square feet of Class A office space. Additional plans include an upscale restaurant and a potential multi-purpose venue to attract various indoor sporting events…
