Charleston, S.C. — NAI Charleston has arranged the $6.1 million sale of a portfolio of four Walgreens-occupied properties in Beaufort, Bamberg, Chapin and Williston. Jack Owens and Will Sherrod of NAI Charleston represented the seller, C3 Investments Inc. Eric Wasserman of Acropolis Commercial Advisors LLC represented the buyer, Covestre Capital LLC, in the transaction. Further details on the properties were not disclosed.
Summerville, S.C. — SRS Real Estate Partners’ National Net Lease Group has brokered the sale of a single-tenant retail property leased to Walmart Neighborhood Market in Summerville, roughly 25 miles outside Charleston. Richard Dorfman of SRS represented the 1031 exchange buyer, a private investor from California. Cushman & Wakefield represented the seller, an undisclosed investor based in Florida, which sold the property for $14.5 million.
Greenville, S.C. — Owings Mills, Md.-based Greenberg Gibbons has acquired Town N’ Country, a 263,490-square-foot shopping center in Greenville, for $23 million. The property was purchased through the Greenberg Gibbons Real Estate Income Fund, which was launched in March 2021 to acquire shopping centers throughout the East Coast, Southeast and Midwest markets. The seller was not disclosed. Town N’ Country was 98 percent leased at the time of sale to tenants including Belk, Hobby Lobby, HomeGoods, Ross Dress for Less, Staples, Ulta Beauty and Five Below.
Beaufort, S.C. — The Morgan Cos. has plans to develop Beaufort Station, a 200,000-square-foot shopping center in Beaufort. The firm acquired 31 acres for the project. The sales price and seller for the land were not disclosed. Construction is expected to start this quarter, with the project set for completion by the fall of 2023. The shopping center will be home to tenants including Hobby Lobby, Ross Dress for Less, Ulta Beauty and Old Navy. Zach Means of Divaris Real Estate Inc. represented The Morgan Cos. in the land transaction, …
Summerville, S.C. — Crosland Southeast has bought 23.7 acres for the first phase of One Nexton, a Publix-anchored mixed-use development in Summerville, roughly 24 miles outside Charleston. Daniel Pellegrino and Seth Clark of Bridge Commercial represented the seller, Brookfield/NASH, in the transaction. Upon completion, the multi-phase project will include 150,000 square feet of shopping and dining space and 351 multifamily units. Charlotte-based Shook Kelley will be the development’s master designer, and Alpharetta, Georgia-based Hiscutt & Associates Inc. is the retail architect for Phase I. Jeff Yurfest of The Shopping Center …
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.
Myrtle Beach, S.C. — Twin Peaks has signed a lease to open a new restaurant at Myrtle Beach Mall. United Development Co., owner and operator of Myrtle Beach Mall, arranged the lease for Twin Peaks. The restaurant will open in an 11,600-square-foot space and will feature a Topgolf Swing Suite, selection of arcade games, 32 beers on tap and 76 televisions. Tenants at Myrtle Beach Mall include AMC, Bass Pro Shops, Belk, Books-A-Million, Overstock Furniture and Chick-fil-A.
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.
Salisbury, N.C. — Food Lion has remodeled 87 stores across Georgia, Kentucky, North Carolina, South Carolina, Tennessee and Virginia for $127 million. The company’s recently unveiled new format offers a wider variety and assortment of goods across all departments; a greater number of natural, gluten-free and organic items; a larger variety of local craft beer and limited reserve wines; a bigger selection of easy and affordable meals for families; a wider variety of grab-and-go items and pre-sliced deli meats and cheeses; a larger selection of fresh produce and meat; a …