PRESS RELEASE

The Montford Group. acquires Fine Rugs of Charleston building

The Montford Group acquires 1523 Meeting Street Road formerly known as “Fine Rugs of Charleston” in Downtown Charleston (NoMo). Plans for the building have not been discussed but simply will be kept with the existing tenants. We love this building and not sure what the future holds or what our plans will be but for right now keeping it retail/office is the highest and best use. This area will be the new “Downtown Business District” in the next ten years with the city approvals to go twelve stories. We are excited for the next chapter of Charleston in this area.