South Carolina

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Investment salesNewsSouth Carolina

JLL Arranges Sale of 221,054-Square-Foot Shopping Center in Metro Charlotte

by Hayden Spiess

Indian Land, S.C. — JLL Capital Markets has arranged the sale of Promenade at Carolina Reserve, a 221,054-square-foot shopping center located in Indian Land, roughly 20 miles south of Charlotte. TJ Maxx, Burlington, Ross Dress for Less, HomeGoods, Ulta Beauty, Petco and Dollar Tree anchor the property, which was fully leased at the time of sale. Built in 2018, the center is shadow anchored by ALDI. Jim Hamilton, Brad Buchanan, Tom Kolarczyk and Andrew Kahn of JLL represented the seller, Bandera Ventures, in the transaction. Rikky Goswami of Insight Property Group …

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DevelopmentGrocery-anchoredLeasingNewsSouth Carolina

RocaPoint Signs Perch Kitchen & Tap to $1 Billion Development in Greenville, South Carolina

by Hayden Spiess

Greenville, S.C. — RocaPoint Partners has signed Perch Kitchen & Tap to open a restaurant and brewery at Greenville County Square, a $1 billion mixed-use development in Greenville. Perch Kitchen & Tap is the first committed food-and-beverage tenant and will join Whole Foods Market in the development’s first phase. Palmetto Brewing Co. is partnering with Perch to operate the restaurant’s brewery portion. The new restaurant and brewery will feature 7,200 square feet of indoor dining and kitchen space and a 2,100-square-foot outdoor patio.

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CaliforniaCompany newsIndianaLeasingMinnesotaNewsPennsylvaniaSouth CarolinaWisconsin

Five Below to Open Stores at Seven Simon Properties

by Hayden Spiess

Philadelphia — Five Below is set to open stores at seven Simon-owned properties. Scheduled to open this year, the stores will include locations at Albertville Premium Outlets in Albertville, Minnesota; Pleasant Prairie Premium Outlets in Prairie, Wisconsin; Johnson Creek Premium Outlets in Johnson Creek, Wisconsin; Gaffney Outlet Marketplace in Gaffney, South Carolina; Indiana Premium Outlets in Edinburgh, Indiana; Pismo Beach Premium Outlets in Pismo Beach, California; and Pocono Premium Outlets in Tannersville, Pennsylvania. “Our relationship with Simon is core to continuing our national expansion efforts,” says George Hill, chief retail …

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DevelopmentGrocery-anchoredLeasingNewsSouth Carolina

Sprouts Farmers Market to Open 25,000-Square-Foot Store at North Hills Shopping Center in Greenville, South Carolina

by Hayden Spiess

Greenville, S.C. — Sprouts Farmers Market will open a 25,000-square-foot store at North Hills Shopping Center in Greenville. Originally built in 1975, the retail center is currently undergoing renovations including updates to facades, landscaping, patios, storefronts and parking lot repairs. Construction of the Sprouts is scheduled to begin this year, with the opening planned for 2024. This marks the second location for the brand in the Greenville market.  Aston Properties is the landlord.

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DevelopmentGrocery-anchoredLeasingMixed-useNewsSouth Carolina

Whole Foods to Anchor $1 Billion Mixed-Use Development in Downtown Greenville, South Carolina

by Hayden Spiess

Greenville, S.C. — Whole Foods Market has signed on to anchor Greenville County Square, a $1 billion mixed-use redevelopment project in downtown Greenville. RocaPoint Partners is the developer behind the 3.5 million-square-foot live-work-play destination, which will modernize and activate 40 acres along University Ridge. Whole Foods Market will occupy a standalone building designed by MVA Architects. Whole Foods is the first tenant announced, and RocaPoint is currently pursuing other credit-worthy retailers and restaurants to join the development. “Whole Foods Market will add to the development’s lively charm and represents the …

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OReilly-Auto-Parts-Columbia-S.C
Investment salesNewsSouth Carolina

NAI Columbia Sells 40,883-Square-Foot Retail Center in Columbia, South Carolina

by Hayden Spiess

Columbia, S.C. — NAI Columbia has sold a 40,883-square-foot retail center located in Columbia’s NOMA District. Dubbed the “Ultra Hub,” a 30,000-square-foot O’Reilly Auto Parts store, warehouse and distribution center anchors the property. North Main Kidney Center and TitleMax are also tenants at the shopping center. NAI Columbia’s development team purchased the property, formerly home to a BI-LO grocery store, in December 2021 before making extensive renovations. Ben Kelly and Patrick Chambers of NAI Columbia brokered the sale to the undisclosed buyer.

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Investment salesNet leaseNewsSouth Carolina

Walgreens-Leased Store in Hartsville, South Carolina Trades Hands in $5 Million Transaction

by Hayden Spiess

Hartsville, S.C. — A 14,450-square-foot retail property located in Hartsville has traded hands in a $5 million sale. The store is net-leased to Walgreens, which has a little less than 11 years remaining on the lease, as well as 50 one-year extension options. A buyer based on the East Coast purchased the store in an all-cash deal from the seller, an undisclosed limited liability company. Bruce Cowley and Lisa Sickinger of Marcus & Millichap represented the seller in the transaction. Ben Yelm, Marcus & Millichap’s South Carolina broker of record, …

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Investment salesNewsRestaurantsSouth Carolina

NAI Charleston Arranges $12 Million Sale of Two Retail Buildings in Charleston

by Hayden Spiess

Charleston, S.C. — NAI Charleston has brokered the $12 million sale of two retail buildings located at 585 and 587 King St. in Charleston’s Upper King Street district. These buildings, which span 13,700 square feet, were leased to Fuji Sushi Bar and Uptown Social at the time of sale. Thomas Boulware of NAI Charleston represented the undisclosed buyer in the transaction. Tim Weldon of Colony Commercial Real Estate represented the locally based seller, Vanderking Properties.

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DevelopmentNewsSouth Carolina

SJC Ventures to Break Ground on 20,000-Square-Foot Second Phase of West Ashley Station Retail Development in Charleston

by Hayden Spiess

Charleston, S.C. — SJC Ventures has announced plans to break ground on the second phase of West Ashley Station, a retail center in Charleston, later this month. The first phase was built in 2016 with a 45,062-square-foot Whole Foods Market as the anchor tenant. Phase II of the development will add 20,000 square feet of shopping, dining and fitness space. Demolition of a building that formerly housed a Doscher’s IGA Supermarket will occur this month, with vertical construction scheduled to begin in the first quarter of 2023. Planned tenants include …

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