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DevelopmentIndustrialLoansSouth CarolinaSoutheast

Appian Investments Secures Construction Financing for 182,000 SF Industrial Development in Greenville

by John Nelson

GREENVILLE, S.C. — Appian Investments has secured joint venture equity with Harbert Management Corp. for the development of Magnolia Grove, a two-building industrial development located at U.S. Route 25 and Bethuel Church Road in Greenville. Patterson Real Estate Advisory Group arranged the equity placement. Situated within three miles of both I-85 and I-185, Magnolia Grove will span 182,000 square feet across two shallow-bay buildings, both of which will be constructed with tilt-wall concrete. The facilities will feature 24-foot clear heights and a 200-foot asphalt truck court. The construction timeline was not released.

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AcquisitionsRetailSouth CarolinaSoutheast

Matthews Arranges Sale of 106,062 SF Shopping Center in Sumter, South Carolina

by John Nelson

SUMTER, S.C. — Matthews has arranged the sale of Gateway Plaza, a 106,062-square-foot shopping center located at 1342 Broad St. in Sumter, about 44 miles west of Columbia, S.C. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews brokered the transaction between the buyer, an entity doing business as Core Peckville LLC, and the seller, an entity doing business as WEG Sumter LLC. The sales price was not released. Renovated in 2020, Gateway Plaza was nearly 90 percent leased at the time of sale to tenants including T.J. Maxx, Ross Dress for Less, Ulta Beauty and Five Below.

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Lima One Capital office headquarters
Company NewsOfficeSouth CarolinaSoutheast

Lima One Capital Relocates Headquarters in Downtown Greenville to 60,000 SF Office

by Abby Cox

GREENVILLE, S.C. — Lima One Capital, a direct private lender specializing in financing for real estate investors, has relocated to a 60,000-square-foot office space at 300 E. McBee Ave. in downtown Greenville, which has been redeveloped by Hughes Commercial Property. Lima’s new headquarters, which is also home to Prisma Health’s corporate headquarters, STIR restaurant and Ameris Bank, will house more than 200 of its employees on the second and third floors of the building. Lima One has been headquartered in Greenville since 2011 and is relocating from its current offices at 201 E. McBee and a nearby downtown satellite location. The company had originally signed on to anchor the $1 billion Greenville County Square development but terminated its lease last fall, according to Greenville News.

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DevelopmentMultifamilySouth CarolinaSoutheastStudent HousingTop Stories

Core Spaces, Kayne Anderson Break Ground on 1,303-Bed Student Housing Project Near Clemson University

by Kristin Harlow

CLEMSON, S.C. — Core Spaces and Kayne Anderson Real Estate have broken ground on Hub Clemson, a 1,303-bed student housing community located steps from Clemson University in South Carolina. The seven-story development will feature 394 units across 821,000 square feet, offering a mix of studio to five-bedroom layouts and a series of three-story townhomes. Hub Clemson will include 20,000 square feet of amenities, such as a rooftop pool and lounge with views of Lake Hartwell, a fitness center, coffee shop and communal green spaces. Located at the corner of Tiger Boulevard and College Avenue, the project site connects directly to the Keowee Trail, a 1.3-mile hiking trail. The new development will offer outdoor dining areas, entertainment spaces and pedestrian-friendly pathways for residents, students and the broader community. Plans call for 8,700 square feet of retail space and approximately 830 parking spaces. The project more than doubles the amount of active parkland area for the community at Abernathy Park along the shoreline of Lake Hartwell, according to Joe Gatto, senior managing director of acquisitions and investments at Core Spaces. Hub Clemson is slated for completion in early summer 2027, ahead of the 2027-2028 academic year. Juneau Construction Co. is the general …

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Braves-Village
AcquisitionsRetailSouth CarolinaSoutheast

Marcus & Millichap Negotiates $7.4M Sale of Braves Village Shopping Center Near Myrtle Beach

by Abby Cox

SOCASTEE, S.C. — Marcus & Millichap has negotiated 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 of Marcus & Millichap represented the undisclosed seller and procured the buyer, Brentwood Realty, in the transaction. Benjamin Yelm served as Marcus & Millichap’s broker of record in South Carolina for the deal. 

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Langley Pointe
DevelopmentMultifamilySouth CarolinaSoutheast

Joint Venture Delivers 312-Unit Apartment Community in West Columbia, South Carolina

by Abby Cox

WEST COLUMBIA, S.C. — A joint venture between Fickling & Co., Novare Group and BCDC has delivered Langley Pointe, a 312-unit luxury apartment community located on Sunset Boulevard in West Columbia. Classic Plains served as the general contractor for the project, and SGN+A was the architect. Protective Life Insurance Co. provided construction financing. Situated less than one mile from Lexington Medical Center, Langley Pointe sits on 38 acres and offers one-, two- and three-bedroom floorplans ranging in size from 966 square feet to 1,438 square feet, according to Apartments.com. Rental rates for a one-bedroom apartment begin at $2,490. Amenities at the property include a gated entrance, clubhouse, coworking space, resort-style swimming pool with sunning ledges, electric vehicle charging stations, fitness center with yoga room, outdoor kitchen, entertainment area, pet spa and a fully equipped dog park.

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AcquisitionsSouth CarolinaSoutheastStudent Housing

Core Spaces Acquires 486-Bed Student Housing Community Near University of South Carolina

by John Nelson

COLUMBIA, S.C. — Core Spaces has acquired The Nine at Columbia, a 486-bed student housing community located at 1400 Huger St., which is adjacent to the University of South Carolina campus. The property offers 141 units and townhomes in three- to five-bedroom configurations. Shared amenities include a resort-style pool, fitness center, outdoor fire pit, game area, dog park, clubhouse and private workspaces. The seller and terms of the transaction were not released. The Nine at Columbia was fully occupied at the time of sale.

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Markley + Main
DevelopmentMultifamilySouth CarolinaSoutheast

SunCap, Peakline Break Ground on Markley + Main Apartment Community in Greenville

by Abby Cox

GREENVILLE, S.C. — SunCap Property Group, in partnership with Peakline Real Estate Funds, has broken ground on Markley + Main, a 277-unit apartment community located in Greenville’s West End. Cline Design Associates and McMillan Pazdan Smith Architecture are designing the project, and C. Herman Construction is serving as the general contractor. The six-story complex will offer studio to three-bedroom apartments, ranging in size between 650 square feet and 1,150 square feet. Resident amenities will include a clubroom, resort-style swimming pool, fitness center, rooftop lounge, coworking spaces, golf simulator and covered parking with electric vehicle charging stations. Situated adjacent to Fluor Field, home of the Greenville Drive Minor League Baseball team, the development will also offer 10,700 square feet of street-level retail space. JLL arranged equity placement on behalf of Peakline Real Estate Funds. Leasing and property management of the complex is still being determined. Markley + Main marks SunCap’s first multifamily project in Greenville.

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Roper-Hospital_North-Charleston
DevelopmentHealthcareSouth CarolinaSoutheastTop Stories

Roper St. Francis Healthcare Breaks Ground on $1.2B Hospital Campus in South Carolina

by Hayden Spiess

NORTH CHARLESTON, S.C. — Roper St. Francis Healthcare has broken ground on a $1.2 billion hospital campus in North Charleston, roughly 10 miles outside of downtown Charleston. Completion is scheduled for 2029.  Upon completion, the complex will total 805,000 square feet and feature inpatient beds, an emergency department, critical care beds, operating rooms, a comprehensive imaging department and a hemodialysis unit.  The project team includes E4H Environments for Health Architecture; architecture, design, engineering and planning firm Skidmore, Owings & Merrill (SOM); and general contractor Barton Malow | Edifice.  “Connectivity and resilience are central to the vision for Roper Hospital’s future campus,” says Anthony Treu, healthcare practice leader at SOM. “As the design architects, we’re transforming a constrained suburban site into a cohesive healthcare destination inspired by the landscapes of the Lowcountry. The result is a future-ready, resilient campus that enhances access and fosters a supportive, patient-focused environment — setting a new standard for the next century of care.” This marks the fourth Roper Hospital location in Charleston since the first facility opened in 1856. Roper St. Francis Healthcare is the Lowcountry region’s largest private employer, with roughly 7,000 staff members. St. Francis currently operates more than 120 facilities across four …

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AcquisitionsLoansMultifamilySouth CarolinaSoutheastWalker & Dunlop

Walker & Dunlop Arranges $40M Acquisition Financing for Apartment Community in Spartanburg, South Carolina

by John Nelson

SPARTANBURG, S.C. — Walker & Dunlop has arranged $40 million in acquisition financing for The Lively at Drayton Mills, a 297-unit apartment community located at 225 Milliken St. in Spartanburg. The borrower is BridgeGaps Real Estate, a New York City-based multifamily investment and management firm. Jared Sobel led the Walker & Dunlop team that arranged the financing, which comprised a $31 million Freddie Mac loan and a $9 million preferred equity investment from W&D Investment Partners, an alternative investment manager backed by Walker & Dunlop. Orange Capital Advisors sold the property to BridgeGaps for $53 million. David Lansbury, Jim Sewell and Erika Maston of Berkadia represented the seller in the transaction. Built in 2023, The Lively at Drayton Mills features studio, one-, two- and three-bedroom apartments, as well as a walking/biking trail, dog park, bocce ball court, fitness center and a swimming pool.

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