One of North Charleston’s oldest shopping centers drew more than 15 offers before it sold this month. An extended-stay hotel about 6 miles to the north drew more than a dozen.
Brentwood Plaza, the Food Lion-anchored center at 4400 Dorchester Road, sold Oct. 6 for $9.15 million to HPG Brentwood LLC, an affiliate of Charleston-based Host Property Group, The Post and Courier reported. Franklin Street, a Tampa, Florida, commercial real estate firm that represented the seller, announced the deal.
The 79,000-square-foot center is fully leased and opened in late 1964 with an A&P supermarket as its main tenant, according to the newspaper. The seller, an affiliate of Malon D. Mimms Co. of Roswell, Georgia, bought the center in 2006 for $6.5 million, according to tax records cited by The Post and Courier.
Franklin Street said buyers are turning to older centers because new ones cost so much to build.
“The corridor is seeing continued multifamily and single-family residential growth, but high retail construction costs are driving investors toward existing assets where they can create value, like Brentwood Plaza,” John Tennant, executive managing partner of Franklin Street, said in a statement quoted by The Post and Courier.
Bryan Belk of Franklin Street said in the same statement, as quoted by the newspaper, that the interest came because buyers “saw the opportunity to increase rents as leases expired.”
The buyer’s plans
Host Property Group plans to renovate the center and improve its parking area, according to a filing with the S.C. Department of Environmental Services reported by The Post and Courier. The firm is also working with state regulators to find and clean up any hazardous chemicals in the soil and water at the site, which once held a Texaco gas station and a dry cleaner, the newspaper reported. Host Property Group did not respond to the newspaper’s request for comment.
Brooks Host, N. George Host and Elizabeth Adams founded the firm in 2016, according to its website. “Most properties we acquire are underutilized or neglected at purchase,” the company says. It lists properties on Ashley Phosphate Road and Spruill Avenue in North Charleston among its holdings, and it has an office in Atlanta.
Hotels change hands
Hotels near Interstate 26 have been trading, too.
The 93-room Staybridge Suites at 7329 Mazyck Road, near the intersection of Ashley Phosphate Road and I-26, sold for $15.6 million, including business assets, The Post and Courier reported, citing Marcus & Millichap, which marketed the hotel for seller Naman Hotels. The deed lists the real estate at $10 million and the buyer as Mountain View Hotels LLC of Wytheville, Virginia, according to county records cited by the newspaper. The five-story extended-stay hotel was built in 2009.
“Through our marketing process we generated more than 12 offers and ultimately found the right out-of-state buyer,” Jack Davis, senior managing director in Marcus & Millichap’s Charleston office, said in a Sept. 24 announcement. He said it was the firm’s 17th hotel sale in the Charleston market in five years.
Nearby, the 121-room Tru by Hilton at 2475 Prospect Drive sold in October 2025 for $16.1 million to Tennessee-based KVNR Partners, The Post and Courier reported.
From hotel rooms to apartments
Not every older hotel stays a hotel. Brick Lane, a Washington, D.C., developer, bought the 128-room Charleston Grand Hotel at 3640 Dorchester Road for $5.7 million, Marcus & Millichap announced Sept. 23. The hotel was built in 1977, and renovations are already underway, the brokerage said.
Brick Lane plans to convert the shuttered hotel into apartments, with 75% of the units set aside for households earning up to 80% of the area median income, SCBIZ reported. Charleston County committed $1.6 million to the project through its Affordable Housing Land Acquisition Grant Program, a pilot program under the county’s Housing Our Future plan, according to SCBIZ.
The deal nearly hit a snag in August. The property was on Charleston County’s foreclosure auction schedule for Aug. 4, with a lender seeking a judgment of more than $4.3 million against the owner at the time, until it was pulled less than 24 hours before bidding was set to begin, SCBIZ reported.
“This transaction reflects a growing trend of repurposing distressed commercial properties into attainable housing, providing communities with a faster near-term solution to housing needs,” said Tulsee Nathu of Marcus & Millichap, who represented Brick Lane.
It would not be the first such conversion in the area. A former budget hotel at 2450 Prospect Drive sold for $11.6 million in 2024 and reopened as permanent apartment housing for veterans run by the New York-based Tunnels to Towers Foundation, The Post and Courier reported.
