Chevy Chase, MD


Federal Capital Partners® (FCP) and Roi-Tan Investments, LLC (Roi-Tan) have announced the signing of 21,977 square feet of new office leases at the Cigar Factory, a redevelopment of the landmark building at 701 East Bay Street. These new tenants join lead anchors Garden & Gun and Indigo Road Restaurant as preleasing reaches 35% with strong activity for the remaining retail and office suites. Since the acquisition of the landmark property by FCP and Roi-Tan in April of this year, leases totaling 77,523 square feet have been signed, as tenants throughout Charleston and the southeast recognize the unique opportunity presented by the building and its location. Recently signed tenants include:

  • Fritz Porter (6,377 square feet), a design emporium that will offer high quality, bespoke pieces via a “market” retail concept bringing together a select group of design vendors
  • Midland Mortgage Corp. (4,611 square feet) with a new branch for their mortgage brokerage business
  • Exceed Physical Culture (4,256 square feet), a boutique, revolutionary functional fitness gym that is expanding its NYC footprint
  • EnviroMix, Inc. (3,252 square feet), an innovative technology firm offering solutions to support energy conservation in the municipal market, relocating from downtown
  • The Law Office of M. Brooks Derrick (1,162 square feet), a commercial, business and personal injury litigation law firm, relocating from downtown
  • Strategic Risk Solutions (1,162 square feet), a provider of underwriting and risk management services to captive insurance companies and alternative market insurers, relocating from downtown

Garden & Gun committed earlier this year to relocate its headquarters to 19,726 square feet at the Cigar Factory while Indigo Road Restaurant Group is planning a large event space over a 7,500 square foot authentic gourmet market that will include retail, coffee, breakfast, lunch, prepared foods, an in-house charcuterie program, bar and indoor bocce court.

“The Cigar Factory is experiencing strong interest from local firms attracted to its location, views, ample parking and easy access to all of the amenities of downtown. We are also hearing from businesses new to Charleston, who appreciate the ease of access in and out of the Peninsula,” said FCP Managing Partner, Esko Korhonen. “The redevelopment is proceeding on time and we expect that tenants will be able to move in as soon as the summer of 2015.”

The Cigar Factory is being transformed into a first class, mixed use property that will include unmatched creative work/office space, signature restaurants and event space, high end retail and abundant parking. Tenants and visitors to the building will enjoy a meticulous restoration of this excellent example of Victorian era commercial architecture, with unique, high, exposed ceilings and sweeping views of the river, Ravenel Bridge and the city skyline. Located just a short walk from Upper King and its array of retail and restaurants, the Cigar Factory is well positioned to attract local and national tenants.

FCP and Roi-Tan extend their appreciation to Roadstead Real Estate Advisors, LLC and Palmetto Commercial Properties, Inc. for their representation in these transactions. The owners would also like to thank Debbie Stocker-Meier (Shoreline International Real Estate), Frank Norvell (Norvell Real Estate Group) and Andrew Tackitt (Radekopf & Associates) for representation of their clients referenced above. For additional leasing information, contact either Geoff Groat of Roadstead at (843) 577-7732 ext. 222 or Richard Morse of Palmetto at (843) 577-2550.


About Roi-Tan Investments, LLC

Roi-Tan Investments, LLC consists of local investors Walker Brock, William Cogswell, Mark Cumins, Todd Eischeid, John and Darrell Ferguson, John Tuck Morse, Richard Morse, Jerry Scheer, Chad Walldorf and Jay Weaver.


About Federal Capital Partners

Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $3.5 billion in assets since its founding in 1999. FCP is seeking equity, preferred equity and mezzanine debt investments in commercial and residential real estate throughout the Mid-Atlantic region, including Washington DC, Maryland, Pennsylvania, Virginia, Delaware, West Virginia, New Jersey and the Carolinas. FCP buys assets directly as well as through joint ventures with local operating partners. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its second investment fund, a $529 million commingled, discretionary fund closed in 2012. For further information on FCP, please visit