South Carolina Archives - REBusinessOnline

SK Investment, Weaver Capital Acquire Office Portfolio in North Charleston for $21M

John Nelson — Wed, 28 Oct 2026 13:47:35 +0000

NORTH CHARLESTON, S.C. — Atlanta-based SK Investment Group and locally based Weaver Capital Partners have acquired a two-building office portfolio in North Charleston for $21 million. The seller was not disclosed. The properties, Rivergate I and II, span 116,409 square feet and are located at 4975 and 4995 Lacross Road, adjacent to the $1.2 billion Roper St. Francis Healthcare campus project that is set to open in 2029. Rivergate I and II were 93 percent occupied at the time of sale.

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Insite Properties Acquires Four-Building Flex Portfolio in Greenville, South Carolina

Abby Cox — Fri, 23 Oct 2026 13:25:27 +0000

GREENVILLE, S.C. — Insite Properties has acquired Pelham @ Hyland, a four-building small bay/flex portfolio located along the I-85 corridor in Greenville. Trinity Partners represented the undisclosed buyer, while BWE’s Charlotte office supported the buyer for capital sourcing. CBRE represented the undisclosed seller in the transaction. The sales price was also not disclosed. Trinity Partners will handle leasing for the property, and Insite will provide property management services. Insite is planning a capital improvement program for the 120,000-square-foot property, which includes parking lot and landscaping upgrades, new signage and branding, additional dock and roll-up doors and the addition of spec suites.

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Canyon Partners Provides $48M Loan for NorthPointe Apartments in Greenville

John Nelson — Tue, 20 Oct 2026 12:32:00 +0000

GREENVILLE, S.C. — Canyon Partners Real Estate LLC has provided a $48 million loan for the refinancing of NorthPointe Apartments, a 286-unit community in Greenville. Walker & Dunlop’s Capital Markets Real Estate Finance team arranged the loan on behalf of the borrower, a joint venture between ECI Group and Central Realty Holdings. Built in 2021, NorthPointe features 21,400 square feet of ground-floor retail space, 597 structured parking spaces, a resort-style pool, 24-hour fitness center and a community room with a full kitchen and outdoor fireplaces.

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Subtext, FrontRange Capital Open 697-Bed Student Housing Community Near University of South Carolina

John Nelson — Thu, 15 Oct 2026 14:12:30 +0000

COLUMBIA, S.C. — Subtext, along with development partner FrontRange Capital, has opened VERVE Columbia, a 697-bed student housing community located at 450 Blossom St. in Columbia, which is roughly two blocks from the University of South Carolina (USC) campus. The 223-unit, four-story property spans more than 400,000 square feet and is situated directly across from USC’s baseball arena, Founders Park. Amenities include a 24/7 fitness center, outdoor fitness stations, a sauna, meditation rooms, basketball and pickleball courts, resort-inspired pool courtyard with hot tub and sun shelf, poolside Jumbotron, cabanas and hammock swings, fire pits, grilling stations, club room with TV and game lounges, a multi-sport simulator, group and private study spaces, study pods and booths, content creation studio, a coffee bar in the lobby with cold brew on tap, pet spa, dog park, EV charging stations and bike and scooter storage with charging and repair stations. The project team includes architect Dynamik Design, interior designer Mary Cook Associates, general contractor W.M. Jordan Co. and civil engineer Davis & Floyd. CIBC arranged construction financing via a syndication of lenders. VERVE Columbia is Subtext’s first student housing community to deliver in the Columbia market, with another project under construction at 931 Senate…

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Capstone Begins Construction on 275-Unit Adaptive Reuse Apartments in Spartanburg, South Carolina

Abby Cox — Fri, 02 Oct 2026 13:29:43 +0000

SPARTANBURG, S.C. — Capstone Building Corp. has begun construction on Beaumont Mill, a 275-unit multifamily project located at 553 Ison St. in Spartanburg. The $51 million development, which is designed to tie in modern and industrial features of the former textile mill, is scheduled for completion in 2028. A joint venture between Greenville, N.C.-based Taft Family Ventures and a local Spartanburg group will own and develop the project. Taft Management Group will handle property management services, with leasing set to start in the third quarter of 2027. Beaumont Mill will encompass 208,625 square feet of rentable space, with one-, two- and three-bedroom floorplans. Approximately 10 percent of the apartments will be reserved for workforce housing. Amenities at the complex will include a gym and a central courtyard with a swimming pool and gathering area. The project team includes Reese Vanderbilt & Associates (architect) and Site Design Inc. (civil engineer).

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JLL Arranges Sale of 270-Unit Apartment Community Near Myrtle Beach

John Nelson — Tue, 29 Sep 2026 14:02:50 +0000

LITTLE RIVER, S.C. — JLL has arranged the sale of The Lorrel, a 270-unit, garden-style apartment community located at 3465 Sandler Blvd. in Little River, a suburb of Myrtle Beach. Atlanta-based ANiMAL Group purchased the property from Virginia Beach-based Wakefield Residential for an undisclosed price. John Mikels of JLL led the transaction on behalf of the seller. Completed in 2023, The Lorrel was 96 percent occupied at the time of sale. The property includes one-, two- and three-bedroom apartments with an average unit size of 879 square feet. Amenities include a resort-style pool with a tanning ledge, pickleball court, 24-hour fitness center, outdoor fire pit with fireside seating, leash-free dog park, pet spa, business center with private conference rooms, game lawn, courtyards and guest suites.

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Trinity Partners Negotiates Sale of 19,615 SF Retail Center in Columbia, South Carolina

Abby Cox — Fri, 25 Sep 2026 12:41:45 +0000

COLUMBIA, S.C. — Trinity Partners has negotiated the sale of 2930 Devine Street and 618 Sims Avenue, a 19,615-square-foot, multi-tenant retail property located in Columbia. The property was fully leased at the time of sale to tenants including Arabesque on Devine, Best Mattress, Eggs Up Grill and Za’s on Devine. William Mills and Robbie Cook of Trinity Partners represented the seller and sourced the buyer in the transaction. Further details of the transaction were not disclosed.

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Harris Teeter Plans $253M Investment to Enhance Stores, Expand in Carolinas

John Nelson — Wed, 23 Sep 2026 12:53:05 +0000

MATTHEWS, N.C. — Harris Teeter, a Matthews-based regional grocer and subsidiary of The Kroger Co., plans to invest approximately $253 million over the next three years to refresh and modernize select stores in North Carolina and South Carolina. Renovations and enhancements are planned for locations in Fort Mill and Rock Hill, S.C.; and Matthews, Waxhaw, Concord and Huntersville, N.C. In addition, Harris Teeter plans to open three new stores in Fort Mill and Lake Wylie, S.C., and Kannapolis, N.C. Customers will begin seeing store updates roll out in phases, with timing and scope varying across locations over the next three years. As renovations are completed, grand reopenings are expected to begin this fall.

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JLL Arranges $102M in Financing for Four-Property Industrial Portfolio Spanning Three States

Abby Cox — Mon, 21 Sep 2026 13:42:30 +0000

NEW YORK — JLL Capital Markets has arranged a $102 million loan to finance a four-property industrial portfolio spanning Georgia, Florida and South Carolina. Peter Rotchford, Steven Binswanger and Lucas Borges of JLL secured the loan through Canadian Imperial Bank of Commerce (CIBC) on behalf of the borrower, SkyREM. The portfolio, which totals 1.9 million square feet, is currently fully leased to six tenants with a weighted average lease term of more than six years.

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Manova Partners Acquires 1 MSF Logistics Facility in Spartanburg, South Carolina

Abby Cox — Fri, 18 Sep 2026 14:00:17 +0000

SPARTANBURG, S.C. — Munich-based Manova Partners has acquired Spartanburg 221, a roughly 1 million-square-foot logistics facility located at 2536 Chesnee Highway in Spartanburg. New York-based Rockefeller Group sold the property for an undisclosed price. Delivered in 2024 on 87 acres, Spartanburg 221 was fully leased at the time of sale to an undisclosed tenant, which operates on a triple-net lease. The industrial property features 344 car parking spaces, 346 trailer parking spaces, 140 dock-high loading doors, four drive-in loading doors and 40-foot clear heights.

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Magnus Breaks Ground on 226,800 SF Industrial Building at 803 Park in Columbia, South Carolina

John Nelson — Thu, 17 Sep 2026 13:30:44 +0000

COLUMBIA, S.C. — Magnus Development Partners has broken ground on Gateway 2, the fourth building at the 803 Park industrial campus adjacent to Columbia Metropolitan Airport. Set to deliver by second-quarter 2027, the 226,800-square-foot building will feature CSX rail service, 18 dock doors, 50- by 54-foot bay spacing and an ESFR fire protection system. Magnus has tapped Chuck Salley, Thomas Beard and John Peebles of Colliers to lease and market Gateway 2. At full completion, 803 Park will comprise five buildings spanning nearly 1 million square feet. To date, three buildings totaling 625,440 square feet have been delivered in the park and are fully leased to six tenants.

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Thorofare Capital Provides $35M Loan for Refinancing of Industrial Property Near Port of Savannah

John Nelson — Wed, 16 Sep 2026 14:35:20 +0000

HARDEEVILLE, S.C. — Thorofare Capital has provided a $35 million loan for the refinancing and lease-up of Gateway Commerce Park, a two-building industrial park near the Port of Savannah. Built in 2025, Gateway Commerce Park spans nearly 450,000 square feet and is situated in Hardeeville, a city near the South Carolina-Georgia border. The park comprises a 330,480-square-foot cross-dock building and a 118,800-square-foot warehouse. Andrew Kim of Thorofare Capital originated the floating-rate, interest-only bridge loan on behalf of the borrower, an undisclosed real estate development firm.

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Procaccianti, Rugger Capital Acquire 217-Room Charleston Harbor Resort

John Nelson — Wed, 09 Sep 2026 14:13:04 +0000

MOUNT PLEASANT, S.C. — A joint venture between Procaccianti Cos. and Rugger Capital has acquired Charleston Harbor Resort, a 217-room hotel on Cooper River and Charleston Harbor in Mount Pleasant. The new ownership has tapped TPG Hotels & Resorts to operate the property and is considering a value-add program to boost revenue at the waterfront hotel. Additionally, Suntex Marina Investors purchased the adjacent Charleston Harbor Marina, which has more than 450 slips that can accommodate vessels ranging from recreational cruisers to superyachts. Suntex will operate the marina separately from Charleston Harbor Resort. Cincinnati-based American Financial Group sold both properties for a combined $182.5 million, according to The Post and Courier.

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JLL Arranges Sale of 10.5 MSF Southeast Industrial Portfolio for EQT Real Estate

John Nelson — Tue, 01 Sep 2026 14:22:51 +0000

CHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price. John Huguenard, Trent Agnew, Will McCormack and Tara Hagerty of JLL represented the seller in the transaction. Additionally, Kevin MacKenzie, Peter Thompson, Steven Klein and Chris Pratt of JLL arranged an undisclosed amount of acquisition financing through two national banks for the buyer. The sold portfolio features properties in 10 separate markets, including Charlotte and Greensboro, N.C.; Greenville-Spartanburg, S.C.; Atlanta and Savannah, Ga.; Tampa, Orlando and Jacksonville, Fla.; and Birmingham and Huntsville, Ala. The logistics facilities in the portfolio average 230,000 square feet in size, according to JLL.

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Obelisk Purchases 821,250 SF of Industrial Space in Hanahan, South Carolina

Abby Cox — Fri, 07 Aug 2026 14:28:26 +0000

HANAHAN, S.C. — New York City-based Obelisk Real Estate Partners has acquired a two-building industrial park spanning 516,000 square feet (5801 N. Rhett Ave.) and an adjacent 305,250-square-foot industrial building (1020 N. Pointe Industrial Blvd.) in Hanahan, approximately eight miles outside North Charleston. Oak Brook, Ill.-based CenterPoint Properties sold both properties to Obelisk for an undisclosed price. Obelisk has retained Brendan Redeyoff and Bob Barrineau of CBRE to lead leasing efforts at 5801 North Rhett on behalf of Obelisk. Approximately 318,926 square feet of space is available for lease at 5801 North Rhett, which can accommodate manufacturing, logistics and distribution users. The property also offers CSX rail service and up to 3.3 acres of laydown yard space. The facility is also situated near the Naval Information Warfare Center (NIWC) and Charleston International Airport, where Boeing is expanding its production facility.

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Landmark, Peninsula Deliver 826-Bed Student Housing Project Near University of South Carolina

John Nelson — Tue, 04 Aug 2026 14:32:19 +0000

COLUMBIA, S.C. — Landmark Properties and Peninsula Investments have delivered Narrative at Columbia, an 826-bed student housing community located about one mile from the University of South Carolina (USC) campus. The 197-unit property is located at 1050 Idlewild Blvd., near Williams-Brice Stadium, the home football stadium of the USC Gamecocks. Narrative at Columbia features a mix of two- to six-bedroom, fully furnished apartments. Amenities include a clubroom, resort-style pool, hot tub, gaming lawn, cabana and hammock grove, outdoor grilling areas, sand volleyball court, jumbotron, wellness suite and a 24/7 fitness center, as well as private study rooms, shuttle rides to campus and a computer lounge. The development team began welcoming residents on Aug. 1. The design-build team includes Athens, Ga.-based architect E+E Architecture and Landmark Construction, the in-house construction division of Landmark Properties, which is also headquartered in Athens. With Narrative at Columbia, Landmark now owns and operates approximately 2,300 student housing beds in Columbia, with another 800 beds under development.

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Brennan Acquires 157,412 SF Industrial Facility in Upstate South Carolina

Abby Cox — Fri, 31 Jul 2026 12:46:05 +0000

PIEDMONT, S.C. — Brennan Investment Group has acquired a 157,412-square-foot industrial facility located in Piedmont, about 12 miles from Greenville. Completed in 2023, the building is situated within Exchange Logistics Park, a 900,000-square-foot, multi-building industrial park. The seller requested anonymity, and the purchase price was also not disclosed. The recently acquired building features 32-foot clear heights, ESFR fire protection, LED high-bay lighting, a 135-foot truck court and abundant dock-high loading. The facility is currently occupied by two unnamed tenants and includes 65,000 square feet of vacant space. Brennan also plans to complete “move-in ready” improvements, such as speculative office space.

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Northmarq Negotiates $5.6M Sale of Multifamily Community in Lexington, South Carolina

John Nelson — Tue, 28 Jul 2026 14:22:18 +0000

LEXINGTON, S.C. — Northmarq has negotiated the $5.6 million sale of Sweetbriar Apartments, a 48-unit community located at 200 Libby Lane in Lexington, a suburb of Columbia, S.C. The garden-style property was built in 1988 and includes one- and two-bedroom layouts. Charis Capital purchased the property from InterMark Management Corp. Dane Lozier, Ron Corrao, Eric Liebich, Scott Fuller and Matthew Weinstein led the Northmarq team in representing the seller in the transaction.

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Chesterfield Breaks Ground on Industrial Development in Blythewood, South Carolina

Abby Cox — Fri, 24 Jul 2026 15:04:44 +0000

BLYTHEWOOD, S.C. — Chesterfield has broken ground on Carolina Pines International Commerce Center, a planned industrial development located about 18 miles north of Columbia. Carolina Pines International Commerce Center is designed for industrial, manufacturing and logistics use, specifically marketed to attract suppliers and operations supporting the nearby Scout Motors’ $2 billion Blythewood electric vehicle manufacturing facility. Building 1, which will total approximately 162,176 square feet, will include 32-foot clear heights, 35 dock doors, 49 trailer parking spaces, 107 car parking spaces, 7-inch concrete floor slabs and a 3,000-amp power supply. Building 1 is expected to be delivered in the first quarter of 2027. Building 2 is planned as a 212,420-square-foot speculative building. Further details of the project were not disclosed.

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Red Rock to Develop 519,792 SF Industrial Facility Near Columbia, South Carolina

John Nelson — Tue, 21 Jul 2026 14:14:12 +0000

GASTON, S.C. — Red Rock Developments plans to develop a new 519,792-square-foot industrial facility at Sandy Run Industrial Park, a 760-acre campus in Gaston, a Columbia suburb. Situated on a 54-acre site in Calhoun County along I-26, the cross-dock facility will be built on a speculative basis and include 40-foot clear heights, 185-foot truck courts, 98 dock-high doors, four drive-in doors, an ESFR sprinkler system, speculative office space, expandable automobile and trailer parking and an 8-inch concrete slab. Red Rock has tapped Chuck Salley, Thomas Beard and John Peebles of Colliers to market and lease the facility, which is expected to break ground this quarter. Existing and committed users at Sandy Run include Zeus, Smart Warehousing and Blanchard Machinery.

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