SCANA Corporation is selling off property, including a valuable office property in downtown Charleston,South Carolina, after being ordered to pay some refunds to South Carolina electric customers for a pair of nuclear reactors that were never finished. Among the assets being sold is a vacant 140-year-old business office at 141 Meeting St., the site of what SCANA called the “original Charleston Gas & Light Building,” in a recent filing with the Securities and Exchange Commission.

The company began soliciting bids for the 1-acre, two-building property in August 2017, shortly after halting work at the V.C. Summer Nuclear Station. No buyer has been announced. Charleston is located at the end of the Gibbes Art Museum. The building on the Meeting Street side of the property was designed and constructed for Charleston Gas & Light, the predecessor to SCANA-owned South Carolina Electric & Gas. According to Historic Charleston Foundation’s “The Buildings of Charleston,” the Palladian-style structure with cast iron features was completed around 1878.

The smaller building fronting the King Street side of the property contains about 3,200 square feet of commercial space.

Source: The Post and Courier
Fulya Altunyay/fulyaaltunyay@realestatecoulisse.com

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