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Grocery-anchoredInvestment salesNewsSouth Carolina

Zapolski Real Estate Acquires 18,035-Square-Foot Retail Center in Myrtle Beach, South Carolina

by Hayden Spiess

Myrtle Beach, S.C. — An affiliate of Zapolski Real Estate doing business as Prince Creek Investments LLC has acquired Prince Creek Village, an 18,035-square-foot retail center located in Myrtle Beach. Publix anchors the property, which was fully occupied at the time of sale. An entity doing business as MHC Prince Creek Village Owner LLC, a subsidiary of MHComemercial Real Estate Fund, sold the property for $6.4 million. Tom Kolarcyzk and Andrew Jomantas of JLL Capital Markets represented the seller in the transaction. 

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Investment salesNewsSouth Carolina

IPA Brokers $18.8 Million Sale of Shopping Center Near Hilton Head Island in South Carolina

by Hayden Spiess

Bluffton, S.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $18.8 million sale of Bluffton Target Center, a shopping center located in Bluffton, approximately seven miles west of Hilton Head Island. Built in 2001, the property totals 100,314 square feet. Tenants at the center, which was fully leased at the time of sale, include Dick’s Sporting Goods, Staples and Starbucks Coffee. Zach Taylor of IPA represented the seller, Stafford Bluffton LLC, in the transaction and procured the buyer, Tarantino Properties Inc. 

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DevelopmentLeasingMixed-useNewsRestaurantsSouth Carolina

Four Restaurants to Join $1 Billion Greenville County Square Mixed-Use Development

by Hayden Spiess

Greenville, S.C. — Four new food-and-beverage tenants will join the roster at Greenville County Square, a $1 billion mixed-use redevelopment currently underway by RocaPoint Partners in downtown Greenville. Mama’s Comfort Food & Cocktails, Leo’s Italian Social, CRÚ Food & Wine Bar and MOA Korean Barbeque have signed leases at the 40-acre project, which will be anchored by a Whole Foods Market grocery store. The new concepts bring the number of committed eateries at Greenville County Square to 15, including The Perch Kitchen & Tap, The Salty Donut, ​​Ben & Jerry’s and JINYA …

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DevelopmentNewsSouth Carolina

Eagle Development Group, Hoffman United Break Ground on 5,000-Square-Foot Retail Development in Elgin, S.C. 

by Hayden Spiess

Elgin, S.C. — Eagle Development Group and Hoffman United have broken ground on a new retail development in Elgin. Upon completion, the property will total 5,000 square feet. Firehouse Subs and Valvoline Instant Oil will occupy the development, which is scheduled for completion in the first quarter of 2025. Situated within the Spears Creek retail corridor, the property will also feature 24 parking spaces. 

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FCPT Purchases 20 Bloomin’ Brands Restaurant Properties for $66.4 Million 

by Hayden Spiess

Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased 20 restaurant properties occupied by Bloomin’ Brands concepts for $66.4 million dollars. Located in Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, Pennsylvania, South Carolina and Tennessee, the portfolio includes 10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, with one dual-tenant property occupied by both concepts. The properties are leased to corporate Bloomin’ Brands entities on two master leases. This transaction makes Bloomin’ Brands the third largest tenant for FCPT, accounting for 3.3 percent of cash rent for …

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Company newsDevelopmentNewsNorth CarolinaRestaurantsSouth Carolina

Eggs Up Grill Signs Seven-Unit Franchise Agreement in North Carolina, South Carolina

by Hayden Spiess

Charlotte, N.C. and Travelers Rest, S.C. — Eggs Up Grill — a breakfast, brunch and lunch chain — has signed a new, seven-unit development agreement in North and South Carolina. Franchisee Conley McIntyre, who has a portfolio of existing Eggs Up outposts, will develop, own and operate the restaurants. Six of the locations will be in the Charlotte, North Carolina market, with an additional location in Travelers Rest, South Carolina. There are more than 100 Eggs Up Grill restaurants planned or currently underway.  

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DevelopmentNewsSouth Carolina

SJC Ventures Completes Phase II of West Ashley Station Shopping Center in Charleston

by Hayden Spiess

Charleston, S.C. —SJC Ventures, with general contractor Hill Construction, has completed the development of Phase II of West Ashley Station, a shopping center located in Charleston’s West Ashley neighborhood. Totaling 29,000 square feet, the second phase is fully leased to tenants including Hollywood Feed, Hand & Stone, Another Broken Egg, Pacific Dental, GoodVets, Jersey Mike’s Subs, Nothing Bundt Cakes, CAVA, Nikita Hair Salon, House of Sage and Serotonin Centers. All tenants are scheduled to be open by February 2025. John Orr and Lindsey Halter of Carolina Retail Experts marketed West Ashley …

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DevelopmentGrocery-anchoredMixed-useNewsSouth Carolina

Lexington Land Development Breaks Ground on $65 Million Mixed-Use Project Near Columbia, South Carolina

by Hayden Spiess

Lexington, S.C. — Lexington Land Development Co. has broken ground on Platt Springs Crossing, a $65 million mixed-use project in the Columbia suburb of Lexington. Upon completion, the 57-acre project will comprise a Lowes Foods grocery store, 10,000 square feet of inline retail space, 13 retail outparcels and 142 residential townhouses. Tenants at the development will include Chipotle Mexican Grill (which began construction earlier this summer), Panda Express, Whataburger, Harbor Freight Tools, Heartland Dental, WellStreet Urgent Care, Big Blue Marble Academy, Planet Fitness and Tidal Wave Car Wash. A construction timeline …

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DevelopmentNewsSouth Carolina

North America Sekisui House Breaks Ground on 35,000-Square-Foot Retail, Restaurant Development in Metro Charleston

by Hayden Spiess

Summerville, S.C. — An affiliate of North America Sekisui House (NASH) has broken ground on Marketplace at Nexton, a new retail and restaurant project at the company’s Nexton master-planned community in the Charleston suburb of Summerville. Upon completion, the development will total 35,000 square feet of retail and restaurant space across six one-story buildings ranging from 3,500 to 10,000 square feet in size. Tenants at Marketplace at Nexton will include Dunkin’, sweetFrog, El Patron, Rotolo’s Craft and Crust Pizza, Dance Moves of Charleston, Shimmer and a liquor store. SL Shaw & …

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LeasingNewsSouth Carolina

Three New Tenants Open at Beaufort Station in South Carolina

by Hayden Spiess

Beaufort, S.C. — Three new tenants have opened at Beaufort Station, a shopping center in Beaufort. Hobby Lobby, Five Below and Rack Room Shoes have opened stores at the property, which is anchored by T.J. Maxx and HomeGoods. Additionally, Ross Dress for Less, PetSmart, Ulta Beauty, Old Navy, ALDI, Mattress Firm, Surcheros, Panda Express, Americas Best and Chicken Salad Chick have signed leases at the center. The Morgan Cos. is the landlord. 

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