Lee & Associates Represents Buyer of Historic East Bay Property, Lee & Associates
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March 25, 2022

Lee & Associates Represents Buyer of Historic East Bay Property

Lee & Associates Charleston represented the buyer of the iconic Wagener Building and an adjacent parking lot, at 145 + 161 East Bay Street on the Charleston peninsula.

Lee & Associates’ Alex Popovich and Justin Ross facilitated the landmark transaction on behalf of AJ Capital (also known as ‘Adventurous Journeys’), a Nashville-based development and hospitality firm. Adventurous Journeys paid $8.1 million for 161 East Bay (the iconic, brick-covered Wagener Building), and an additional $4 million for the neighboring 40-space parking lot. 

The property sits at the corner of East Bay Street and Queen Street, a distinct locale ripe with historic flair and significant consumer traffic. Nearby points of interest include The Vendue Hotel, Charleston Waterfront Park, The Cooper Hotel (under construction), and several fine-dining establishments.

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