GREENVILLE, S.C. — Sprouts Farmers Market will open a 25,000-square-foot grocery store at North Hills Shopping Center in Greenville. Charlotte-based Aston Properties is the landlord. Originally built in 1975, the retail center is currently undergoing renovations that include updates to facades, landscaping, patios, storefronts and parking lot repairs. Construction of the Sprouts is scheduled to begin this year, with the opening planned for 2024. This marks the second location for the brand in the Greenville market.
FORT MILL, S.C. — A partnership between Highline Real Estate Partners and Growth Capital Partners (GCP) has acquired an industrial warehouse located at 4140 Pleasant Road in Fort Mill, approximately 20 miles southwest of Charlotte. The seller and sales price were not disclosed. Built in 2013, the building totals 478,400 square feet on 53.4 acres, with eight acres available for expansion. Child safety product manufacturer Britax Child Safety Inc. occupies the property, which was constructed as a build-to-suit project for the company and features 40,000 square feet of office space and a 49,560-square-foot air-conditioned component test area. GCP arranged the purchase on behalf of the partnership, which plans to develop an additional 200,000 square feet at the property. Casey Masters of Cushman & Wakefield represented the seller, an entity doing business as Charlotte IND TT LP, in the transaction.
FORT MILL, S.C. — Knightvest Capital has acquired The Apartments at Brayden, a 332-unit, garden-style multifamily community located in Fort Mill, approximately 20 miles southwest of Charlotte. The seller and sales price were not disclosed. Built in 2016, the property comprises apartments in one-, two- and three-bedroom floor plans. Amenities at the community include a swimming pool, fitness center and clubhouse. The Apartments at Brayden marks Knightvest’s fifth acquisition in metro Charlotte since 2020.
INDIAN LAND, S.C. — Berkadia has negotiated the $78 million sale of Indigo at Cross Creek, a 303-unit apartment community located at 2001 Cramer Circle in Indian Land, a South Carolina suburb of Charlotte. Tampa-based Argyle Real Estate Partners purchased the property from the seller, a partnership between Taft Development Group and UHF Development. Caleb Troop, Thomas Colaiezzi, Mark Boyce and Blake Coffey of Berkadia represented the seller in the transaction. As part of the deal, Argyle assumed an existing Fannie Mae mortgage. Built in 2017, Indigo at Cross Creek features one-, two- and three-bedroom floor plans averaging 1,134 square feet. Community amenities include a saltwater pool, one-mile walking trail, cabanas with outdoor fire pits, sundeck, grilling stations, business lounge with flat-screen TVs, fitness center, yoga studio, clubhouse, bocce ball court and a dog park.
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Dollar General Grows Supply Chain Network by 3.2 MSF With Five Distribution Facilities
GOODLETTSVILLE, TENN. — Dollar General Corp. (NYSE: DG) has announced recent expansions in its supply chain network that will grow the discount retailer’s distribution footprint by more than 3.2 million square feet. The Goodlettsville, Tenn.-based company has recently opened three new facilities and announced expansions of two existing campuses that will support Dollar General’s traditional goods, as well as its DG Fresh line of groceries. “The recent additions to our supply chain network aim to provide greater efficiencies, create additional jobs and drive positive economic impact,” says Tony Zuazo, executive vice president of Dollar General’s global supply chain. “We’re excited to continue growing our distribution center network to further support store growth and to better serve our customers and local communities.” Dollar General recently opened an 800,000-square-foot distribution center in Blair, Neb., that is expected to create approximately 400 new jobs at full capacity. The $140 million development is the company’s first ground-up dual facility, meaning it features both traditional distribution space and cold storage. Dollar General plans to host a formal opening ceremony for the facility this summer. The company recently increased distribution center storage capacity by more than 2 million square feet by opening two new permanent regional facilities …
ASHEVILLE, N.C. AND COLUMBIA, S.C. — University Park, Fla.-based Benderson Development has purchased two single-tenant retail properties located at 120 Merrimon Ave. in Asheville and 4516 Forest Drive in Columbia. Both properties are leased to grocer Trader Joe’s. The seller for both stores is Los Angeles-based CIM Group. The sales price were not disclosed.
LEXINGTON, S.C. — Marcus & Millichap has brokered the $7.1 million sale of Lexington Town Square, a 75,763-square-foot shopping center located at 712 W. Main St. in Lexington, a suburb of Columbia. Andrew Margulies and Harrison Creason of Marcus & Millichap represented the seller and secured the buyer in the transaction. Both parties were limited liability companies that requested anonymity. Ben Yelm, Marcus & Millichap’s South Carolina broker of record, assisted in closing the transaction. Lexington Town Square was leased to 11 tenants at the time of sale including anchors Food Lion and Badcock Furniture, as well as H&R Block, RF’s Grill, Cricket Wireless and Musician’s Supply, among others.
CHARLESTON, S.C. — Aventon Cos. has broken ground on Aventon Mikasa, a 336-unit apartment community located in Charleston’s Daniel Island submarket. Set to open for leasing in fall 2024, the property will be situated on 19 acres and comprise multiple four-story, elevator-serviced buildings housing one-, two- and three-bedroom apartments. Amenities will include a clubhouse with a remote working lounge, game room and fitness center, as well as a resort-style swimming pool. The design-build team includes architect Scott + Cormia, interior designer Studio 5 Interiors Inc. and civil engineer/landscape architect Thomas & Hutton. Aventon Mikasa is the second multifamily development in the Charleston area for Raleigh-based Aventon Cos.
CHARLESTON, S.C. — Pure Development has acquired two development sites totaling 26.4 acres within Camp Hall, an industrial campus in Charleston. The developer is planning to build two speculative warehouse facilities totaling 428,000 square feet across from the Volvo USA plant. Situated along Electric Avenue and less than two miles from I-26, the first facility will be a 306,280-square-foot warehouse with 30 dock doors, 32-foot clear heights, 20 trailer spaces and 375 auto spaces. The second facility will be a 122,180-square-foot warehouse with 13 dock doors, 32-foot clear heights and 100 auto spaces. Construction is scheduled to begin in the third quarter and wrap up in third-quarter 2024. Santee Cooper sold the development sites to Pure Development for a combined $7.4 million. Robert Barrineau, Brendan Redeyoff and Tim Raber of CBRE represented the seller in the transaction. Dan Camp with Santee Cooper and Adam Seger with Pure Development also worked on the land deal.
GREENVILLE, S.C. — Colliers has partnered with online auction giant Ten-X to facilitate the sale of Piedmont Center, a suburban office park in Greenville spanning 143,865 square feet. A regional office investment firm with multiple assets in the market purchased the park via a Ten-X auction. Taylor Allen, Brantley Anderson and Bailey Tollison of Colliers procured the buyer in the transaction. The seller and sales price were not disclosed. Situated on an 8.6-acre parcel at 33 and 37 Villa Road, Piedmont Center comprises two office buildings standing four and five stories.