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The Plaza at East Cooper
Grocery-anchoredInvestment salesNewsSouth Carolina

JLL Arranges $14.3 Million Refinancing for Shopping Center Near Charleston, South Carolina

by Abby Cox

Mount Pleasant, S.C. — JLL Capital Markets has arranged $14.3 million in refinancing for The Plaza at East Cooper, a 102,731-square-foot shopping center located in Mount Pleasant, roughly two miles from downtown Charleston. Eric Tupler, Rob Bova and Ellie Savage of JLL’s Debt Advisory team, along with Alexis Kaiser of JLL’s Charlotte office, represented the borrower, Bamoza LLC, in securing the loan through an insurance company lender. ALDI anchors The Plaza at East Cooper, which was 85 percent leased at the time of sale. Other tenants include Firehouse Subs, Batteries …

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Pacific Box
DevelopmentInvestment salesNewsRestaurantsRetailersSouth Carolina

Asana Partners to Complete Redevelopment of Pacific Box Mixed-Use Property in Charleston’s Upper Peninsula

by Abby Cox

Charleston, S.C. — Asana Partners is redeveloping Pacific Box, a 221,600-square-foot mixed-use development on Charleston’s Upper Peninsula. The redevelopment — which will include the conversion of 26,000 square feet of office space into lifestyle retail and restaurants — is already underway. Completion of the project is scheduled for the second quarter of 2026. Existing tenants will remain open throughout the redevelopment process. Spanning 10 acres along King Street, the newly converted space will include a 6,000-square-foot marquee restaurant space, exterior upgrades, new retail façades, improved central courtyard and turf areas, a children’s …

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Rita’s Italian Ice & Frozen Custard
Company newsMichiganNewsOhioSouth Carolina

Rita’s Italian Ice Continues Expansion, Plans for 19 New Store Openings in Fourth-Quarter 2025

by Abby Cox

Philadelphia — Pennsylvania-based Rita’s Italian Ice & Frozen Custard plans to open 19 new stores in the fourth quarter as part of an initiative to launch nearly 40 locations in 2025. In the first half of the year, the restaurant chain opened 16 new shops, including locations in Grand Rapids, Michigan; Nexton, South Carolina; and Liberty Township, Ohio. Newly debuted drive-thru models in Fort Worth, Texas, and Cleveland, Ohio, have been a contributing factor to Rita’s expansion efforts, according to company representatives. Founded in 1984, Rita’s Italian Ice & Frozen Custard …

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Kris Krossing
Grocery-anchoredInvestment salesNewsNorth CarolinaSouth Carolina

IPA Arranges Sale of Five Food Lion-Anchored Shopping Centers Totaling 248,030 Square Feet

by Abby Cox

Raleigh, N.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a five-property portfolio of Food Lion-anchored shopping centers totaling 248,030 square feet in the Carolinas. The properties include College Lakes Plaza in Fayetteville, North Carolina; Eden Centre in Eden, North Carolina; Kimberly Park in Carthage, North Carolina.; Kris Krossing in Conway, South Carolina; and West Pointe in Village Asheboro, North Carolina. Raleigh-based Genesis Properties purchased the portfolio from Richmond-based Capital Square for an undisclosed price. Dean Zang and David Crotts of IPA, …

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Publix
FloridaGrocery-anchoredNewsSouth Carolina

Bain Capital, 11North Partners Buy 10-Property Open-Air Retail Portfolio for $395 Million

by Abby Cox

Florida and South Carolina — A joint venture between Bain Capital and 11North Partners has purchased a portfolio of 10 open-air retail centers in Florida and South Carolina for $395 million. The properties — which are located across the submarkets of Fort Lauderdale, Orlando, Tampa, Palm Beach and Charleston — include Sawgrass Square, Plantation Promenade, Miramar Commons, Rolling Oaks, Promenade at Poinciana, Solivita Marketplace, New Tampa Center, Lake Worth Plaza, Garden Shops at Boca and Point Hope Commons. The acquisition spans more than 1 million square feet and follows the …

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Gateway Plaza
NewsSouth Carolina

Matthews Real Estate Arranges Sale of 106,062-Square-Foot Shopping Center in Sumter, South Carolina 

by Abby Cox

Sumter, S.C. — Nashville, Tennessee-based Matthews Real Estate Investment Services has arranged the sale of Gateway Plaza, a 106,062-square-foot shopping center located at 1342 Broad St. in Sumter, approximately 44 miles east of Columbia. Built in 1998 and renovated in 2020, Gateway Plaza was nearly 90 percent leased at the time of sale to a mix of tenants including T.J. Maxx, Ross Dress for Less, Ulta Beauty and Five Below. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews facilitated the transaction between the buyer, an entity doing business as Core Peckville …

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Sprouts Farmers Market
FloridaGrocery-anchoredInvestment salesNewsNorth CarolinaSouth Carolina

Ram Realty Buys 600,000-Square-Foot Retail Portfolio for $200 Million 

by Abby Cox

Palm Beach Gardens, Fla. — Palm Beach Gardens, Florida-based Ram Realty Advisors has purchased a 600,000-square-foot retail portfolio of seven grocery-anchored shopping centers across the Southeast for $200 million. The portfolio includes Mainstreet at Midtown in Palm Beach Gardens, Florida; Homestead Market and Bull City Market in Durham, North Carolina; Holly Springs Crossing in Holly Springs, North Carolina; Mainstreet Village in Hilton Head Island, South Carolina; The Market at Mills Park in Orlando, Florida; and Blys in Oakland Park, Florida. The portfolio, which was 98.7 percent occupied at the time of …

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Braves Village
Investment salesNewsSouth Carolina

Marcus & Millichap Negotiates $7.4 Million Sale of Braves Village Shopping Center in Metro Myrtle Beach

by Abby Cox

Socastee, S.C. — Marcus & Millichap has facilitated the $7.4 million sale of Braves Village Shopping Center, a 60,914-square-foot retail center located in the Myrtle Beach suburb of Socastee. Food Lion anchors the center, which was built in 1985. Additional tenants include Rent-A-Center, Metro by T-Mobile and Any Lab Test Now. Lori Schneider and David Gant marketed the property on behalf of the seller and procured the buyer, Brentwood Realty, in the transaction. Benjamin Yelm served as Marcus & Millichap’s broker of record in South Carolina. 

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University Shoppes
Grocery-anchoredInvestment salesNewsSouth Carolina

Legacy Realty Arranges Sale of 66,004-Square-Foot Shopping Center in Metro Myrtle Beach

by Abby Cox

Conway, S.C. — Legacy Realty Group Advisors LLC has arranged the sale of University Shoppes, a 66,004-square-foot shopping center located in Conway, approximately 15 miles outside Myrtle Beach. Situated near Coastal Carolina University and Conway Medical Center, the center is anchored by Food Lion. Additional tenants at the property include Family Dollar, Beach Wine and Spirits, Papa Johns Pizza, Eggs Up Grill, Spice C Noodle, Conway Nutrition and Ala Mario’s Pizza. The property also features an outparcel that houses Chipotle Mexican Grill. Jacob Baruch and Jonah Warshaw of Legacy Realty …

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Commons at Magnolia
Investment salesNewsSouth Carolina

Palomar Group Facilitates Sale of 100,000-Square-Foot Shopping Center in Florence, South Carolina

by Abby Cox

Florence, S.C. — The Palomar Group has facilitated the sale of Commons at Magnolia, a 100,000-square-foot shopping center located at 2887 David H. McLeod Blvd. in Florence. Target anchors the center, which was 90 percent leased at the time of sale. Additional tenants include PetSmart, Michaels, Men’s Warehouse and Rack Room Shoes. Built in 1989, the center sits on 11.7 acres. The buyer was California-based Octave Holdings and Investments.

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