South Carolina

JLL Secures Refinancings for Three Southeast Student Housing Communities Totaling $134.9M

by John Nelson May 6, 2025

TAMPA, FLA. — JLL Capital Markets has secured refinancings totaling a combined $134.9 million for three student housing communities across the Southeast. Lee Weaver, Melissa Marcolini Quinn, Rob Rothaug and Jade Starkey of JLL worked on behalf of Commercial Street Partners to secure a $97.5 million refinancing for Apella on Newport in Tampa. The three-year, floating-rate loan was placed through MF1/Limekiln Real Estate Investment Management. The newly constructed community spans 195,076 square feet at 311 North Newport Ave. near the University of Tampa campus. The property offers 576 beds across 150 fully furnished units in two-, three-, four- and six-bedroom configurations. Shared amenities include a rooftop pool, fitness center, study lounges and secured garage parking. Weaver and Quinn, along with Kenny Cutler, Rob Rothaug and Cristian Sieman of JLL, also secured a $22 million refinancing for Preserve at Tech near Louisiana Tech University in Ruston, La. Prime Finance provided the two-year, floating-rate loan to borrower RISE: A Real Estate Co. Completed in 2021 at 1913 West Alabama Ave., the community offers 588 beds across 168 units in three- and four-bedroom configurations. Shared amenities include a resort-style pool, 24-hour clubhouse, computer lab, fitness center and a gaming lounge. JLL also worked on …

May 6, 2025

Acquisitions Retail South Carolina Southeast

Joint Venture Acquires 59,020 SF Shopping Center in Rock Hill, South Carolina

by John Nelson May 6, 2025

ROCK HILL, S.C. — A joint venture between ShopOne Centers REIT, Pantheon and a global institutional investor has acquired Riverview Commons, a 59,020-square-foot shopping center located in Rock Hill, roughly 15 miles south of Charlotte. Food Lion and Dollar General anchor the property, which was 96 percent leased at the time of sale. Additional retailers at the center include Computer CPR, Exquisite Nails & Spa, Hair Savvy Salon, Big Wok II, Rock Hill Bagels & Deli, Ivy Rehab and ISI Elite Training. The joint venture now owns 21 retail centers. Riverview Commons marks ShopOne’s first acquisition in the Charlotte metro area.

May 6, 2025

Acquisitions Industrial South Carolina Southeast

Atlanta Property Group Buys 173,000 SF Distribution Center in Greenville

by John Nelson April 28, 2025

GREENVILLE, S.C. — Atlanta Property Group (APG) has purchased 6 Shelter Drive, a 173,000-square-foot industrial facility located in Greenville. Situated adjacent to I-85 off the Pelham Road exit, the facility is one of the few infill locations in the area. Constructed in 2004, the property features tilt walls, 32-foot clear heights, 140-foot truck court depths and an ESFR sprinkler system. The building is currently fully leased. The seller and sales price were not disclosed. APG has acquired 15 industrial buildings since 2022 and plans to invest $100 million of equity into existing distribution centers across the Southeast.

April 28, 2025

Healthcare Leasing Activity South Carolina Southeast

Trinity Partners Signs Prisma Healthcare to Full-Building Lease Renewal in Columbia, South Carolina

by John Nelson April 24, 2025

COLUMBIA, S.C. — Trinity Partners has restructured and extended Prisma Healthcare’s lease at 8 Medical Park, a 96,190-square-foot medical office building in Columbia. The facility is situated on the Prisma Healthcare Richland Hospital campus. Prisma Healthcare fully occupies 8 Medical Park. Bruce Harper and Dail Longaker of Trinity represented the landlord in the lease negotiations. Greta Bostic and Seth Travis of Davis Moore Healthcare Practice Group represented the tenant. Ashley Owens of Trinity Partners is the medical office building’s property manager.

April 24, 2025

Acquisitions Hospitality South Carolina Southeast

Marcus & Millichap Negotiates $12.9M Sale of AVID Hotel in Summerville, South Carolina

by John Nelson April 15, 2025

SUMMERVILLE, S.C. — Marcus & Millichap has negotiated the $12.9 million sale of AVID Summerville, a 95-room hotel located at 301 Holiday Drive in Summerville, roughly 23 miles from Charleston. The AVID hotel, which opened in 2021 off I-26, includes a 24-hour gym, 24-hour market with grab-and-go breakfast items and complimentary Wi-Fi. Jack Davis, Sam Gardner, Chase Dewese, Chris Gomes, Skyler Cooper, Joce Messinger and Allan Miller of Marcus & Millichap represented the seller in the transaction. Davis, Messinger and Dewese also procured the buyer. Both parties requested anonymity.

April 15, 2025

Build-to-Rent Development Multifamily Single-Family Rental South Carolina Southeast

Center Park Group to Deliver 155 Build-to-Rent Townhomes in Charleston’s West Ashley Neighborhood

by John Nelson April 14, 2025

CHARLESTON, S.C. — Center Park Group has announced that it is on track to complete the vertical construction of 155 build-to-rent townhomes at Bellerose at Bees Ferry by mid-April. Located within the West Ashley neighborhood of Charleston, the 17-acre, pet-friendly community will offer townhomes that total 1,400 square feet with three bedrooms, two-and-a-half baths and an attached one-car garage. Amenities include a swimming pool with lounge chairs, dog park, an open-air pavilion and walking paths, as well as onsite maintenance and management. Atlanta-based RangeWater Real Estate is the developer. Framing for the project began in October 2023, and Center Park Group has delivered each townhome building with the goal to complete the project in under 18 months. Center Park Group managed construction of the community dog park, the mail kiosk and landscaping, while Linden Construction oversaw construction of the community pool and clubhouse. RangeWater is overseeing property management at Bellerose at Bees Ferry in-house.

April 14, 2025

Development Retail South Carolina Southeast

Morgan Companies to Break Ground on Publix-Anchored Shopping Center in Florence, South Carolina

by John Nelson March 31, 2025

FLORENCE, S.C. — The Morgan Cos. will develop a grocery-anchored shopping center in Florence dubbed Palmetto Place. Publix has signed a 47,000-square-foot lease to anchor the project. An additional 18,050 square feet of retail space will be available for use, as well as several outparcels for future retail development. Wes Thurmond and Robey Spratt of Atlantic Retail Properties will serve as the leasing agents for the project. Morgan Cos. will close on the land acquisition for the shopping center in the coming months, with plans to begin construction later this year. Palmetto Place is scheduled to open by late 2026.

March 31, 2025

Development Healthcare South Carolina Southeast

HCA Healthcare Breaks Ground on 80,000 SF Medical Facility in North Charleston, South Carolina

by John Nelson March 24, 2025

NORTH CHARLESTON, S.C. — Nashville-based HCA Healthcare has broken ground on HCA Trident Medical Center, an 80,000-square-foot medical facility located in North Charleston. Designed by Baker Barrios Architects, the four-story building — which is an expansion of Trident Medical Center — will include clinical offices for HCA Healthcare’s cardiology, neurology and orthopedics departments, as well as a cardiac rehabilitation center and hospital administrative spaces. It is also designed to accommodate a 40,000-square-foot vertical expansion with two additional floors. Baker Barrios has designed approximately 20 projects for HCA Healthcare, one of the country’s largest healthcare providers.

March 24, 2025

Industrial Leasing Activity South Carolina Southeast

SkyREM Signs 129,600 SF Industrial Lease in Fort Lawn, South Carolina

by John Nelson March 21, 2025

FORT LAWN, S.C. — SkyREM has signed a 129,600-square-foot industrial lease at 2251 Catawba River Road in Fort Lawn, about 43 miles south of Charlotte via I-77. The tenant, a global advanced engineering and construction solutions firm, brings the 236,210-square-foot building to full occupancy. The facility offers warehouse and manufacturing space, access to major transportation networks and 77 acres of development-ready land. SkyREM has planned a multimillion-dollar capital improvement program to further modernize the property. Tommy Turner and Zack Daltorio of Newmark represented SkyREM in the lease transaction along with Clifford Blanquicet Jr. of Blanq Real Estate.

March 21, 2025

Acquisitions Industrial South Carolina Southeast

Avison Young Brokers $11.5M Sale of Industrial Facility in Metro Charlotte

by John Nelson March 19, 2025

ROCK HILL, S.C. — Avison Young has brokered the $11.5 million sale of a 120,000-square-foot industrial facility located near I-77 at 2690 Commerce Drive in Rock Hill, a South Carolina suburb of Charlotte. Chris Loyd, Tom Tropeano and Ryan Kendall of Avison Young represented the seller, Graham Capital, in the transaction. The buyer, Dallas-based Leon Industrial, has tapped Avison Young to handle leasing of the property moving forward.

March 19, 2025

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