South Carolina

Charleston, S.C. — Stiles has sold Point Hope Commons, a 75,000-square foot neighborhood shopping center in Charleston, for $29 million. Publix anchors the center, which was developed by Stiles in 2019. The property was 92 percent leased at the time of sale to tenants including Roper St. Francis Healthcare, Heartland Dental and Cainhoy Veterinary Hospital.

Chesnee, S.C. — Marcus & Millichap has arranged the $3.1 million sale of a 62,799-square-foot Food Lion-anchored shopping center located in Chesnee. Ani Paulson and Pearce Vogler of Marcus & Millichap represented the seller, an undisclosed private investor. The team also secured and represented the undisclosed buyer. Located at 712 S Alabama Ave. on 5.6 acres, the shopping center is occupied by tenants including O’Reilly Auto Parts.

Mount Pleasant, S.C. — Cushman & Wakefield has brokered the $14.3 million sale of a 33,000-square-foot property formerly occupied by Regal Cinemas in Mount Pleasant, about 9.5 miles from Charleston. Nick Tanana and Brady Dashiell of Cushman & Wakefield represented the seller, Regal Cinemas, in the disposition of the property to Collett Capital. The site was marketed as a redevelopment opportunity.

Barnwell, S.C. — Cooper Commercial Investment Group has arranged $3.3 million sale of Dunbarton Plaza, a 24,000-square-foot retail center located in Barnwell. The fully occupied property is shadow-anchored by Walmart Supercenter and was home to tenants including Cato, AT&T, Shoe Show, Domino’s Pizza and Hibbett Sports at the time of sale. Bob Havasi and Dan Cooper of Cooper Commercial Investment Group represented the seller, an East Coast private investor, in this transaction. A private South Carolina-based investment group purchased the property.

North Charleston, S.C. — SRS Real Estate Partners has arranged the $7.6 million sale of a two-tenant, 65,000-square-foot retail property located at 7800 Rivers Ave. in North Charleston. The property is fully occupied by a 55,000-square-foot Hobby Lobby and a 10,000-square-foot Boot Barn. Matthew Mousavi, Patrick Luther, Britt Raymond and Kyle Fant of SRS represented the seller, an active developer in the Southeast. SRS also secured financing on behalf of the buyer, a New Jersey-based private investor acting in a 1031 exchange.

Lancaster, S.C. — JLL Capital Markets has arranged the $9.9 million sale of Lancer Center, a 178,626-square-foot super regional shopping center anchored by KJ’s Market in the Charlotte-area community of Lancaster. Tom Kolarczyk of JLL represented the undisclosed seller in the transaction. John Gavigan of JLL represented the new owner, Medalist Diversified REIT Inc., in securing a $6.6 million, five-year, fixed-rate acquisition loan through Cooperative Business Services. Lancer Center was constructed in 1983 and most recently renovated in 2013. The 97 percent-leased center is home to Big Lots!, Harbor Freight …

Conway, S.C. — The Palomar Group has arranged the $5.4 million sale of Myrtle Ridge, a grocery-anchored shopping center located at 1901 Highway 544 in Conway, a town near Myrtle Beach. Palomar Group represented the undisclosed seller, a private shopping center owner, in the off-market transaction. Both the undisclosed buyer and seller are private companies that primarily own grocery-anchored shopping centers throughout the Southeast. The 59,240-square-foot Myrtle Ridge is anchored by Food Lion, Dollar Tree and Walgreens. Food Lion recently executed an early renewal at this location, taking its term …