South Carolina

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JLL Negotiates $115 Million Sale of Grocery-Anchored Retail Portfolio Across Four States

by Abby Cox

Atlanta — JLL Capital Markets has acquired a 588,000-square-foot portfolio of grocery-anchored retail centers in Georgia, South Carolina, Virginia and New Jersey, for $115 million. The portfolio comprises seven retail properties: Hickory Flat Village in Canton, Georgia; Deshon Plaza in Stone Mountain, Georgia; Flat Shoals Crossing in Decatur, Georgia; Cascade Corners in Atlanta; The Plaza at Carolina Forest in Myrtle Beach, South Carolina; Kroger Plaza in Virginia Beach, Virginia; and Lewandowski Commons in Lyndhurst, New Jersey. The portfolio is 99.6 percent leased and features a mix of grocers including Publix, Kroger …

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Investment salesNewsSouth Carolina

Ziff Real Estate Partners Acquires Charleston Shopping Center for $22.6 Million

by Abby Cox

Charleston, S.C. — Locally based Ziff Real Estate Partners (ZRP) has acquired West Ashley Shoppes, a 136,327-square-foot shopping center located at 946 Orleans Road in Charleston’s West Ashley neighborhood. Baltimore-based Continental Realty Corp. (CRC) purchased the shopping center from ZRP for approximately $22.6 million via its Continental Realty Fund IV LP investment vehicle. Tom Kolarczyk of JLL represented the seller in the transaction. Situated across from Citadel Mall, West Ashley Shoppes was 90 percent leased at the time of sale to tenants including Ross Dress for Less, Dollar Tree and Cost …

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South Island Market
DevelopmentMixed-useNewsSouth Carolina

Pinckney Partners Begins Construction of 34-Acre Mixed-Use Development on Johns Island in South Carolina

by Abby Cox

Johns Island, S.C. — Locally based Pinckney Partners has begun vertical construction on South Island Market, a 34-acre mixed-use development located on Johns Island, about 13 miles south of Charleston. Upon completion, the project will feature 82,000 square feet of retail, dining and office space across eight buildings, along with 79 townhomes built by Toll Brothers and 16 acres of preserved open space. Roper St. Francis Healthcare and Daniel Ravenel Sotheby’s International Realty will anchor the office component of the development. South Island Market is expected to open in spring 2027. The …

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DevelopmentMissouriNevadaNewsRestaurantsSouth Carolina

Playa Bowls Signs Three Multi-Unit Franchise Agreements Across Three States

by Abby Cox

Belmar, N.J. — Belmar, New Jersey-based Playa Bowls, a fast-causal restaurant chain that specializes in açai bowls, smoothies and fruit juices, has signed three multi-unit franchise agreements spanning Nevada, South Carolina and Missouri. Husband-and-wife teams Justin and Hannah Kirkland, alongside Craig and Diana Kirkland, will own and operate 10 restaurants in Southern Nevada. Brittany and Jeff Ciaramita have signed a five-unit development agreement in Missouri, marking the brand’s introduction to the state. Potential locations include Ladue, Central West End, Creve Coeur, Town and Country and Chesterfield, with the first location …

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Investment salesNewsSouth Carolina

Colliers Negotiates Sale of 124,375-Square-Foot Crosspointe Plaza in Greenville, South Carolina

by Abby Cox

Greenville, S.C. — Colliers has negotiated the sale of Crosspointe Plaza, a 124,375-square-foot regional shopping center located in Greenville. Scott Israel of Colliers’ Atlanta Retail Investment Sales team represented the seller, Ziff Real Estate Partners, in the transaction. RCG Ventures was the buyer. Tenants at the center include T.J. Maxx, Dollar Tree, DSW, 810 Billiards and Up 2 Us Furniture. Built in 1990, Crosspointe Plaza is situated on roughly 10.4 acres, according to Loop Net.

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Investment salesNewsSouth Carolina

Marcus & Millichap Brokers Sale of Single-Tenant Retail Property in Easley, South Carolina

by Abby Cox

Easley, S.C. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built, 5,798-square-foot retail property in Easley, roughly 12 miles west of Greenville. Firestone, a subsidiary of Japanese tire manufacturer Bridgestone, occupies the building on a 15-year, triple-net, corporate-guaranteed lease that features 5 percent rent increases every five years. A preferred developer for Firestone sold the property to a 1031 exchange buyer. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group represented the seller in the transaction, which marks the team’s 21st new-construction Firestone …

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GeorgiaInvestment salesNewsSouth Carolina

SRS Real Estate Negotiates Sale of Two Retail Properties in Georgia, South Carolina, Totaling $7.6 Million

by Abby Cox

Carrollton, Ga. and Union, S.C. — SRS Real Estate Partners has negotiated the sale of two single-tenant retail properties in Georgia and South Carolina totaling $7.6 million. The properties include a property in Carrollton leased to Parachute Plasma and a drive-thru restaurant in Union occupied by Arby’s. Britt Raymond and Kyle Fant of SRS represented the 1031 exchange buyer, a New York City-based private investor, in the transaction. The sellers were not disclosed. The first property, Parachute Plasma, sold for $5.5 million and totals 7,613 square feet of retail and …

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Arcadia Lakes Shopping Center
Investment salesNewsSouth Carolina

Eastern Union Arranges $2.9 Million in Financing for Arcadia Lakes Shopping Center in Columbia, South Carolina

by Abby Cox

Columbia, S.C. — New York-based Eastern Union has secured $2.9 million in financing for the acquisition of Arcadia Lakes Shopping Center, a 33,684-square-foot shopping center located in Columbia. Marc Tropp of Eastern Union arranged the five-year mortgage on behalf of the buyer, CityWide Properties. The loan features a 75 percent loan-to-cost ratio and a 6.65 percent interest rate. Proceeds of the loan were used for the purchase of the shopping center, as well as for a line of credit for tenant improvements and leasing commissions. CityWide Properties is planning to upgrade …

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Company newsNewsSouth Carolina

Shoe Carnival to Change Name to Shoe Station Group

by Abby Cox

Fort Mill, S.C. — Shoe Carnival Inc.’s board of directors has unanimously voted to change the company’s corporate name to Shoe Station Group, subject to approval by shareholders at the company’s annual meeting in June 2026. The company expects more than 90 percent of its stores to operate as Shoe Station by the end of fiscal 2028, with the remaining locations being evaluated for re-naming, outlet repositioning or closure. The company has completed 100 store re-banners during fiscal 2025 and is on track for 51 percent of its portfolio to operate …

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Investment salesNewsSouth Carolina

Palomar Group Arranges $3.2 Million Sale of 36,884-Square-Foot Retail Center in Columbia, South Carolina

by Abby Cox

Columbia, S.C. — The Palomar Group has arranged the sale of Arcadia Lakes, a 36,884-square-foot retail center located in Columbia for $3.2 million. Originally built in 1986, Arcadia Lakes was 75 percent occupied at the time of sale to a mix of tenants including a laundromat, cell phone store, beauty store and a Rent-A-Center. The Palomar Group represented the private seller. The buyer was a private investor.

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