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South Carolina

DevelopmentSouth CarolinaSoutheastStudent Housing

Henderson Park, Landmark to Develop 335-Bed Student Housing Project Near College of Charleston

by John Nelson

CHARLESTON, S.C. — Locally based private equity real estate management firm Henderson Park and Athens, Ga.-based developer giant Landmark Properties plan to develop The Mark Charleston, a 335-bed student housing development situated near the College of Charleston. The companies recently acquired the 1.2-acre site at 500 E. Bay St., which is situated on the east side of the peninsula and within a half-mile from the college’s Harbor Walk campus. The design-build team includes affiliate general contractor Landmark Construction and architect GreenbergFarrow. The six-story building will comprise 99 apartments and is expected to deliver in time for the College of Charleston’s 2027-2028 academic year. The Mark Charleston will feature the adaptive reuse of the historic Blanken Matson House on the site that will be relocated and overhauled into a 1,200-square-foot study space known as “The Library.” The development will also include 1,200 square feet of ground-floor retail space and 18,000 square feet of amenities, including a clubhouse and three rooftop decks with a pool deck that provides views of the Charleston Harbor and Ravenel Bridge, as well as a grilling area, lounge and outdoor recreation areas. Other amenities will include an 1,800-square-foot fitness center, computer lab, study areas and 140 total …

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AcquisitionsSouth CarolinaSoutheastStudent Housing

TSB Realty Arranges Sale of 330-Bed Student Housing Community Near University of South Carolina

by John Nelson

COLUMBIA, S.C. — TSB Realty has arranged the sale of Columbia Lofts, a 330-bed student housing community located adjacent to the University of South Carolina campus in Columbia. Nimes Real Estate purchased the property from an undisclosed seller. TSB Capital Advisors secured acquisition financing for the transaction, terms of which were not released. Originally built in 1895 as Richland Cotton Mill, the property was converted into apartments in 1984 and renovated in 2012. The community offers 170 units in one-, two-, three- and four-bedroom configurations. Shared amenities include a resort-style pool, barbecue and picnic area, study room, resident lounge and covered bicycle storage. Columbia Lofts was fully occupied at the time of sale.

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DevelopmentMixed-UseSouth CarolinaSoutheast

HIC Land Breaks Ground on $300M Master-Planned Development in Hardeeville, South Carolina

by John Nelson

HARDEEVILLE, S.C. — HIC Land has begun construction on Carolina Station, a $300 million master-planned development in Hardeeville, about 17 miles north of Savannah, Ga. Situated along U.S. Highway 278, the project will span 2,600 acres in the state’s Lowcountry region. HIC Land, which originally acquired the historic Morgan tract for $36 million, has partnered with homebuilder D.R. Horton for the development of an undisclosed number of single-family homes within the campus. Carolina Station will also feature more than 650 multifamily units and 95 acres of commercial space, including shops, restaurants and service retailers. D.R. Horton has committed to invest $8 million to improve the intersection at U.S. Highway 278 and John Smith Road as part of the Carolina Station master plan. The construction timeline of the multi-phase development was not released.

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Leasing ActivityRetailSouth CarolinaSoutheast

Continental Realty Signs Golf Galaxy to 20,000 SF Lease at Sweetgrass Corner Shopping Center in Metro Charleston

by John Nelson

MOUNT PLEASANT, S.C. — Continental Realty Corp. has signed Golf Galaxy, a golf retailer owned and operated by Dick’s Sporting Goods, to a 20,000-square-foot retail lease in metro Charleston. The retailer will open its new store, the retailer’s fourth location in South Carolina, next year at Sweetgrass Corner, a nearly 90,000-square-foot shopping center located at 1909 N. Highway 17 in Mount Pleasant. The store will carry golf equipment and apparel and feature a performance center with hitting bays, putting green, service desk, technician workshops and instructions from golf experts. Timothy Brennan of The Navigator Group and Don Lyon of GreatStreet Realty Partners represented Golf Galaxy in the lease transaction. Cherene Keenan represented Continental Realty on an internal basis. The Baltimore-based landlord inked a lease last year at Sweetgrass Corner with Trader Joe’s, which opened last fall.

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AcquisitionsRetailSouth CarolinaSoutheast

Marcus & Millichap Brokers $7.2M Sale of Shopping Center in Lexington, South Carolina

by John Nelson

LEXINGTON, S.C. — Marcus & Millichap has brokered the $7.2 million sale of Hope Ferry Center, a 51,749-square-foot retail center located in the Columbia suburb of Lexington. Built in 2001 on 3.5 acres, Hope Ferry Center was leased to 23 tenants at the time of sale, including McAlister’s Deli, Learning Express Toys, Snip-Its, Blush Boutique, Tulip Boutique and Regional Finance. Harrison Creason and Andrew Margulies of Marcus & Millichap represented the seller, a local family partnership that owns and manages shopping centers throughout the Southeast. The property has been under single ownership since construction.

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916 Commerce Circle
AcquisitionsIndustrialSouth CarolinaSoutheast

Port Commercial, Cedar Square Acquire 80,000 SF Industrial Property in Hanahan, South Carolina

by Abby Cox

HANAHAN, S.C. — Charlotte-based real estate investment firms Port Commercial and Cedar Square have acquired 916 Commerce Circle, an 80,000-square-foot industrial facility in Hanahan, approximately eight miles outside North Charleston. Lee Allen, Kevin Coats and Tyler Smith of JLL will lead leasing efforts on behalf of the new ownership. The seller and sales price were not disclosed. The rail-served property spans 4.1 acres and features a fully air-conditioned industrial building with 1,600 square feet of office space, eight dock positions with levelers, three 14-foot drive-in doors, epoxy flooring, LED lighting and outdoor storage capabilities. 916 Commerce Circle also provides access to the Wando Welch, Hugh K. Leatherman and North Charleston port terminals in greater Charleston. Port Commercial and Cedar Square plan to launch a capital improvement program for the property that includes refreshed office interiors, new exterior painting, dock upgrades and parking lot resealing.

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cooper-river-farms
DevelopmentMultifamilySouth CarolinaSoutheast

Woodfield Development Opens Second Phase of Cooper River Farms Apartments in Charleston

by Abby Cox

CHARLESTON, S.C. — Woodfield Development has opened Cooper River Farms II, the second phase of the 56-acre Cooper River Farms apartment community located in Charleston. The new four-story building adds 71 studio, one- and two-bedroom residences. Amenities at the property include a fourth-floor sky lounge, community bar, TVs and a pool table. The second phase builds on the existing Cooper River Farms community, which features a saltwater swimming pool, fitness center, nature trails and a dog park. Construction on the development began in May 2024, and the first apartments were delivered in July 2025. The building is currently 50 percent occupied. 

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Astral-Development-Rendering
DevelopmentMultifamilyRetailSouth CarolinaSoutheast

Astral, Steady Capital to Develop 483,106 SF Mixed-Use Multifamily Property in Columbia, South Carolina

by Abby Cox

COLUMBIA, S.C. — Astral Development and Steady Capital have announced plans to develop a 483,106-square-foot mixed-use multifamily property at the intersection of Bull Street and Elmwood Avenue in Columbia. Upon completion, the project will feature 288 apartments and more than 22,000 square feet of retail space. Plans include six end-cap retail spaces, patio seating, pedestrian walkways and garage and street parking. Ahead of construction, Astral will collaborate with local groups to activate portions of eight adjacent properties to bring community engagement to the space. Completion of the project is scheduled for summer 2028. Axoim Architects and Elford Construction will oversee the design and pre-construction efforts, and Crosland Barnes Group and Cushman & Wakefield are handling leasing for the ground-level retail space. The multifamily component of the project will comprise 236 one-bedroom units, 33 two-bedroom units and 19 three-bedroom units. The ground level will include a fitness center, lobby, leasing office and a dedicated space for bike parking.

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AcquisitionsIndustrialSouth CarolinaSoutheast

Crescent Communities Sells 220,281 SF Industrial Development in Rock Hill, South Carolina

by Abby Cox

ROCK HILL, S.C. — Crescent Communities has completed the sale of AXIAL Southgate 77, a 220,281-square-foot industrial property situated within Antrim Business Park in Rock Hill, roughly 15 miles south of Charlotte. The buyer was Washington, D.C.-based Penzance. Nolan Aston, Tommy Whitmore, Rob Speir and Pheobe Dinga of Colliers represented the Charlotte-based seller in the transaction. The sales price was not disclosed. Developed in 2024 on 30 acres, AXIAL Southgate 77 features two buildings spanning 50,276 square feet and 220,281 square feet. The property, which was fully leased to three tenants at the time of sale, includes 32-foot clear heights, rear-load capacity, concrete tilt-wall construction and ample parking. Capital partners for AXIAL Southgate 77 include Atlantic Union Bank and Faison. Additionally, the design-build team included Choate Construction (general contractor), JTM Capital and The Tuttle Co. (development) and Progressive Cos. (architect and civil engineering).

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AcquisitionsIndustrialSouth CarolinaSoutheast

JLL Negotiates Sale of 398,100 SF Industrial Park Near Charleston International Airport

by John Nelson

NORTH CHARLESTON, S.C. — JLL has negotiated the sale of Airport Commerce Center, a three-building, 398,100-square-foot industrial park situated directly adjacent to Charleston International Airport and Joint Base Charleston. Built in 2017, the facilities are located at 7246 Stall Road, 2650 Fassitt Road and 7334 Stall Road in North Charleston, approximately one mile from I-26. Pete Pittroff, Dave Andrews and Michael Scarnato of JLL represented the seller, Brookwood Capital Partners, in the transaction. NorthPoint Development acquired Airport Commerce Center for an undisclosed price. The three facilities were fully leased at the time of sale to multiple tenants, including manufacturing, distribution and last-mile logistics companies. The properties feature 200- to 260-foot depths, front-load and rear-load configurations, 28- to 30-foot clear heights, ESFR fire protection systems, LED lighting and a combined 305 automobile parking spaces.

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