ECI Group has bought The Factory at Garco Park, a 271-unit, built in 2017, institutional-grade multifamily community in the highly-desirable Park Circle neighborhood in North Charleston, S.C.
The Factory at Garco Park is ECI’s first investment in the Charleston metropolitan area and, with assets in Greenville, S.C., and Savannah, Ga., the firm’s fourth in the Carolinas/Southeast Georgia region.
“The Factory at Garco Park offers ECI an opportunity to recycle capital from our recent sale of The Columns at Vinings in Atlanta into a very high-quality, exceptionally well-located asset in a top expansion market for us,” said Scott Levitt, ECI chief acquisitions officer. “With our ability to self-manage and oversee additional enhancements to the balance of the unit interiors and the property’s exterior and amenity package, we look forward to this property providing us with a cornerstone asset in the Charleston market.” The 1031 Exchange involving the recently
