Hobby Lobby

SRS Arranges $7.6 Million Sale of Hobby Lobby-Anchored Shopping Center in North Charleston

by Julia Sanders

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.

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