News release

Offices at Nexton near Charleston, SC sold to LMHT Capital

JLL Capital Markets handled the sale and arranged acquisition financing for the offices located in a burgeoning mixed-use development community 

January 25, 2021

ATLANTA, Jan. 25, 2021 – JLL Capital Markets announced today it has handled the sale and arranged acquisition financing for the Offices at Nexton, a 97,448-square-foot, LEED Gold certified office property near Charleston, South Carolina.

JLL represented the seller, Forstone Capital, LLC and Westport Capital Partners, in completing the sale to the buyer, LMHT Capital, a subsidiary of Jack Lingo Asset Management. JLL also worked on behalf of the buyer to arrange acquisition financing through Credit Union Business Services.

The Class A office property stands four stories tall and was completed in 2014. Located at 201 Sigma Dr. in Summerville, about 24 miles from Charleston, the property is positioned in the greater Nexton mixed-use development community with immense walkable amenities; which encompasses 4,500 acres and consists of 10,000 planned residential units and six million square feet of commercial space.

The Nexton community development is in response to the accelerated population growth in the Summerville market. Because of this, the Offices at Nexton is primed for strong rent roll growth with notable and diverse tenants, including paper and packaging, executive office space, healthcare and technology firms. The property also has regional connectivity being proximate to I-26 and Hwy-17A.

The JLL Capital Markets team representing the seller was led by Managing Director Huston Green (Atlanta) and Senior Director Chris Lingerfelt (Charlotte). Financing was led by Senior Director Matt Casey (Atlanta) and Associate Van Glosson (Atlanta).

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Forstone Capital, LLC

Forstone Capital, LLC is a boutique real estate investment firm located in Stamford, Connecticut that provides a full range of commercial real estate services to private equity investors and select individual clients. Since its inception in 2007, Forstone Capital has acquired and managed over 1,400,000 square feet of office, retail and multi-family properties throughout Connecticut, Nashville, Dallas and Charleston. At Forstone Capital, we specialize in identifying well-positioned real estate projects that are under performing and redevelop these functionally obsolete properties that thrive in today's market by creating adaptive spaces companies desire.

About Westport Capital Partners

Westport Capital Partners is a private real estate investment firm focused on long-term value creation through investments in select properties, operating companies, securities and other real estate related assets. Our team’s deep and diverse expertise, strong partnership orientation and extensive relationship networks enable us to identify and capitalize on compelling risk-adjusted investments across a full spectrum of sectors, stages, strategies, instruments and geographies – as well as across all market, economic and asset cycles. Westport was founded in late 2005 and has 37 employees in two offices in Stamford, CT and Los Angeles, CA.

About LMHT Capital

LMHT Capital, the acquisition arm of JLAM, is a real estate investment firm specializing in investments in middle market commercial properties. The firm focuses on premier properties in select high growth markets in the southeast and mid-Atlantic U.S.  As a direct investor and operator, LMHT Capital is well-positioned to capitalize on favorable thematic factors, market dislocations, and contrarian investment opportunities.  For more information, please visit

About Credit Union Business Services

Credit Union Business Services, LLC ("CUBS") originates, underwrites, closes and services mortgage loans for commercial real estate in Georgia, Tennessee, Alabama and South Carolina on behalf of more than 35 federally insured credit unions. CUBS is 100% credit union owned.​