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

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.