Florida, N.Y. — Big V Capital LLC, the investment management affiliate of New York-based Big V Properties, has closed on the purchase of three shopping centers in the Southeast for a combined $24 million.
The properties include the 74,370-square-foot Village at Myrtle Grove in Wilmington, North Carolina; the 180,194-square-foot Lancer Center in Lancaster, South Carolina; and the 203,876-square-foot Lanier Plaza Shopping Center in Brunswick, Georgia.
Village at Myrtle Grove was 87 percent leased at the time of sale to tenants such as Staples; Lancer Center was 89 percent leased to Big Lots, Citi Trends, Pet Sense and Bi-Lo; and Lanier Plaza was 81 percent leased to Winn-Dixie, Dollar Tree, Rent-A-Center and Habitat for Humanity.
With the purchase of these three assets, Big V Properties owns and/or operates 31 Class A and B shopping centers totaling roughly 3 million square feet.
Cushman & Wakefield represented the seller, Ziff Properties Inc., in the transaction.