Lexington, S.C. — Lowes Foods has signed a lease to anchor Platt Springs Crossing, a 50-acre mixed-use development currently underway in Lexington. Lowes Foods will occupy 51,000 square feet. Other tenants will include Chipotle Mexican Grill, Tidal Wave Car Wash, Panda Express and Planet Fitness. An affiliate of NAI Columbia doing business as LLDC Platt Springs LF LLC is the developer of the project, which is scheduled to begin opening early next year. Ben Kelly and Patrick Chambers of NAI Columbia represented the landlord in the lease negotiations with Lowes Foods. …
Fountain Inn, S.C. — Marcus & Millichap has arranged the $7.3 million sale of a 4,650-square-foot single-tenant property located in Fountain Inn. 7-Eleven occupies the newly constructed property on a 15-year net lease with a corporate guarantee. Austin Weisenbeck, Sean Sharko and Timothy Nichols of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, a limited liability company. Benjamin Yelm of Marcus & Millichap assisted in closing the sale as the South Carolina broker of record.
Mount Pleasant, S.C. — Ziff Real Estate Partners (ZRP) has acquired Wando Crossing, a retail center located in Mount Pleasant, for $46.8 million. Marshalls/HomeGoods, TJMaxx, Total Wine & More, Petco, Ashley HomeStore, Michaels and Five Below anchor the property, which totals 214,029 square feet. Site Centers Corp. was the seller.
San Antonio, Texas — Texas-based fast-casual chain Whataburger has announced plans to expand into South Carolina. Beginning in summer 2024, the brand will open restaurants in Greenville, Mauldin, Irmo, Spartanburg, Anderson, Boiling Springs, Lexington, Duncan and Easley. Current plans include a total of 10 restaurants.
Hilton Head, S.C. — TJX brand Homesense has signed a 29,000-square-foot lease to anchor Sea Turtle Marketplace in Hilton Head. Scheduled to open in spring 2024, the store will be the first for the brand in South Carolina. Other tenants at the newly redeveloped retail center, which totals 100,000 square feet, include Starbucks Coffee, West Marine, PetSmart, Golf Galaxy, Gusto Ristorante, Tai Chi Massage Spa, Island Nail Spa, Blaze Beauty Studio, Jersey Mike’s, Orange Theory Fitness and Parker’s Kitchen. Melissa McDonald of The Providence Group represented the tenant in lease negotiations. …
Pine Tree, Blue Coast Capital Acquire Retail Center in Charleston, South Carolina, for $59.7 Million
Charleston, S.C. — A joint venture between an affiliate of Pine Tree and Blue Coast Capital has acquired Azalea Square, a 270,000-square-foot retail center located in Charleston. Tenants at the property include TJ Maxx, Ross Dress for Less, Ulta Beauty, Five Below, Dick’s Sporting Goods, Petsmart and Best Buy. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, AEW Capital Management, in the transaction. Draper & Kramer arranged acquisition financing through Nationwide Insurance on behalf of the buyers.
Rock Hill, S.C. — Marcus & Millichap has brokered the $6.3 million sale of a single-tenant property located in Rock Hill. Walgreens occupies the 14,550-square-foot building on a triple-net-lease basis. Andrew Margulies, Harrison Creason and John Berger of Marcus & Millichap secured the buyer, and Dean Giannakopoulos of Marcus & Millichap Capital Corp. arranged acquisition financing. Zosime was the seller.
Orlando, Fla. and Mount Pleasant, S.C. — Crush Yard will open two new pickleball clubs in Florida and South Carolina. Opening later this month, the first venue will total 40,000 square feet in Mount Pleasant, South Carolina. In November, a 50,000-square-foot facility will open in Orlando, occupying a former Bed Bath and Beyond building. The clubs will feature pickleball courts, as well as access to coaches. The South Carolina Crush Yard will also feature coffee from One Nation Coffee and beer from Holy City Brewing.
Greenwood, S.C. — Cushman & Wakefield has arranged the $10.8 million sale of Westwood Plaza, an 83,354-square-foot retail center located in Greenwood. Planet Fitness, Dollar Tree and Popshelf anchor the center. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the undisclosed seller in the transaction. Prudent Growth Partners acquired the property.
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High Bluff Capital to Acquire 81-Restaurant Hardee’s Portfolio
San Diego — High Bluff Capital Partners will assume ownership of a portfolio comprising 81 Hardee’s locations following an auction. Located in Alabama, Florida, Georgia, Kansas, Missouri, Montana, South Carolina and Wyoming, the restaurants were previously owned by franchisee Summit Restaurant Group, which filed for Chapter 11 bankruptcy in May of this year. The transaction is expected to close in August. Dave Dixon will oversee operation of the restaurants. “High Bluff is the ideal partner to support our efforts…while making critical investments in restaurant remodels and other initiatives to boost traffic …