Florence, S.C. — The Morgan Cos. will develop a grocery-anchored shopping center in Florence, dubbed Palmetto Place. Publix has signed a lease for a 47,000-square-foot space to anchor the project. An additional 18,050 square feet of retail space will be available, as well as several outparcels for future retail development. Wes Thurmond and Robey Spratt of Atlantic Retail Properties will serve as the leasing agents for the project. Morgan Cos. will close on the land acquisition for the shopping center in the coming months, with plans to begin construction later …
Irmo, S.C. — The Palomar Group has brokered the sale of Irmo Station, a 99,384-square-foot shopping center located in the Columbia suburb of Irmo. Originally built in 1980, the Kroger-anchored center is situated on 13.8 acres. Tenants at the property include Orangetheory Fitness, Pizza Hut, Pet Supplies Plus and Palm Beach Tan. A publicly traded REIT acquired the property for an undisclosed price.
North Charleston, S.C. — Mt. Pleasant, South Carolina-based Ziff Real Estate Partners (ZRP) has acquired Promenade at Northwoods, a 253,308-square-foot retail center in North Charleston, for $30.8 million. While the sales price was not disclosed, The Post and Courier reports the seller was an affiliate of Charlotte, North Carolina-based Big V Property Group. Situated across from Northwoods Mall, the property is anchored by Hobby Lobby and Ollie’s Bargain Outlet. Christian Chamblee, Brooke Frey and Paige Tompkins led the ZRP deal team in the transaction. This acquisition brings ZRP’s metro Charleston portfolio …
Nags Head, N.C. — Charlotte, North Carolina-based The Keith Corporation has acquired the Outlets Nags Head, an 82,161-square-foot outlet shopping center located on the Outer Banks of North Carolina. Ignite Retail Partners will lead marketing and leasing efforts for the property. Tenants at the center include Aerie, Eddie Bauer, Michael Kors, Talbots, and Vera Bradley, as well as a collection of local retailers like Salt Coast Outfitters, Outer Banks Olive Oil and BROS. Singerman Real Estate sold the property for an undisclosed price.
Greer, S.C. — Franklin Street has arranged the $8.6 million sale of Suber Commons, a two-building retail center located in Greer, approximately 12 miles from downtown Greenville. The 20,193-square-foot center was fully leased at the time of sale. Tenants at the property include IHOP, Five Guys, Batteries Plus, Heartland Dental and America’s Best Contacts & Eyeglasses. Franklin Street represented the seller, Bond Street REIT, in the transaction. Crow Holdings was the buyer.
Goose Creek, S.C. — Marcus & Millichap has arranged the $8 million sale of Harbour Lake Plaza, a 62,198-square-foot retail center located in Goose Creek, roughly 20 miles outside Charleston. Food Lion anchors the center, which occupies 51 percent of the property. The center was 97 percent leased at the time of sale to tenants including Rent-A-Center, Cricket Wireless and H&R Block. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a private investor, in the transaction. Ani Paulson and Allyssa Paragano of The AP Group procured …
Myrtle Beach, S.C. — An affiliate of Zapolski Real Estate doing business as Prince Creek Investments LLC has acquired Prince Creek Village, an 18,035-square-foot retail center located in Myrtle Beach. Publix anchors the property, which was fully occupied at the time of sale. An entity doing business as MHC Prince Creek Village Owner LLC, a subsidiary of MHComemercial Real Estate Fund, sold the property for $6.4 million. Tom Kolarcyzk and Andrew Jomantas of JLL Capital Markets represented the seller in the transaction.
Bluffton, S.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $18.8 million sale of Bluffton Target Center, a shopping center located in Bluffton, approximately seven miles west of Hilton Head Island. Built in 2001, the property totals 100,314 square feet. Tenants at the center, which was fully leased at the time of sale, include Dick’s Sporting Goods, Staples and Starbucks Coffee. Zach Taylor of IPA represented the seller, Stafford Bluffton LLC, in the transaction and procured the buyer, Tarantino Properties Inc.
Greenville, S.C. — Four new food-and-beverage tenants will join the roster at Greenville County Square, a $1 billion mixed-use redevelopment currently underway by RocaPoint Partners in downtown Greenville. Mama’s Comfort Food & Cocktails, Leo’s Italian Social, CRÚ Food & Wine Bar and MOA Korean Barbeque have signed leases at the 40-acre project, which will be anchored by a Whole Foods Market grocery store. The new concepts bring the number of committed eateries at Greenville County Square to 15, including The Perch Kitchen & Tap, The Salty Donut, Ben & Jerry’s and JINYA …
Elgin, S.C. — Eagle Development Group and Hoffman United have broken ground on a new retail development in Elgin. Upon completion, the property will total 5,000 square feet. Firehouse Subs and Valvoline Instant Oil will occupy the development, which is scheduled for completion in the first quarter of 2025. Situated within the Spears Creek retail corridor, the property will also feature 24 parking spaces.
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