Anchor Commercial, LLC Appointed as Receiver for The Navy Yard at Noisette, LLC

Anchor Commercial, LLC has been appointed to act as Receiver for the Navy Yard at Noisette, LLC pursuant to a court order signed earlier this week by the Honorable Roger M. Young, Circuit Court Judge.  The property consists of approximately 240 acres of land and commercial buildings in North Charleston fronting the CooperRiver.  The Navy Yard at Noisette is currently home to more than thirty businesses.

"Anchor Commercial is honored to serve as Receiver and we are fully capable of carrying out our duties a set forth in Judge Young’s order" said Robert H. Nuttall, Jr., SIOR, Anchor’s broker-in-charge and a founding principal with the firm.  

Capmark Finance, Inc., the major lender for the Navy Yard at Noisette, LLC, selected Anchor Commercial to serve as a Receiver after an intensive evaluation of numerous major full service commercial real estate firms qualified  to serve in such a capacity.

"Our charge is to take whatever actions are necessary in the best interests of the property and to do those things which are prudent to maximize its value.  As Receiver, we are accountable to the court" said Nuttall.
 
Nuttall referred all other inquiries to the Court Order dated November 2nd which is a matter of public record, preferring to make no further comments at this time.

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