WELLFORD, S.C. — Boston-based STAG Industrial Inc. has signed an unnamed wholesale apparel and promotional product distributor to a 30-month lease in Wellford, a city in Spartanburg County. The tenant will occupy 102,060 square feet within a facility located at 452 Casual Drive. The lease brings the property, which was substantially completed in June 2024, to 69 percent occupancy. The lease commences on April 1 and includes 3.5 percent annual rent escalations.
IRMO, S.C. — The Palomar Group has negotiated the sale of Irmo Station, a 99,384-square-foot shopping center in the Columbia suburb of Irmo. Located at 7467 St. Andrews Road, the center is situated on 13.8 acres. Kroger anchors the center. Additional tenants at the property include Orangetheory Fitness, Pizza Hut, Pet Supplies Plus and Palm Beach Tan. A publicly traded REIT acquired the property for an undisclosed price. The seller was also not disclosed.
CHARLESTON, S.C. — Highland Resources Inc. has broken ground on Magnolia Landing, a planned mixed-use community located along the Ashley River in Charleston. Spanning 192 acres, the project will offer a blend of parks, residences, hospitality options, offices, shops, restaurants, waterfront docks, a marina and entertainment options. Full build-out of the multi-phase project is anticipated by 2040. The first residents are expected to take occupancy in 2027. Plans for the first phase include a high-rise waterfront residential community and a mid-rise property both developed by Charleston-based Woodfield Development, offering a total of 600 rental residences, including affordable housing. The first phase will also feature 158 luxury townhomes developed by an undisclosed national developer. Plans also call for multiple office and retail buildings. The first phase will include a waterfront, Class A office building totaling 100,000 square feet in addition to 75,000 square feet of street-level retail, gourmet restaurants and commercial space. Magnolia Landing will also offer a range of hospitality options designed to cater to both short-term visitors and extended stays. The first phase will include a 125-room boutique hotel. The project will incorporate a marina featuring day-dock options, four waterfront restaurants with direct day-dock access, a boat club, monthly …
COLUMBIA, S.C. — Stratus Development Group has broken ground on Pickens Corner, a 60-bed student housing development located at 480 S. Pickens St. near the University of South Carolina campus in Columbia. Located in the city’s Rosewood neighborhood, Pickens Corner will offer townhomes featuring three bedrooms and three-and-a-half bathrooms. Completion on the project is scheduled for August 2025.
NORTH CHARLESTON, S.C. — South Carolina-based Ziff Real Estate Partners (ZRP) has acquired Promenade at Northwoods, a 253,308-square-foot retail center in North Charleston, for $30.8 million. The seller and sales price were not disclosed, but The Post and Courier reports the seller was an affiliate of Charlotte-based Big V Property Group. Situated on 7800 Rivers Ave. across from Northwoods Mall, the property is anchored by Hobby Lobby and Ollie’s Bargain Outlet. Christian Chamblee, Brooke Frey and Paige Tompkins led the ZRP deal team in the transaction. This acquisition brings ZRP’s metro Charleston portfolio to 640,000 square feet across six properties.
GREENVILLE, S.C. — Flournoy Development Group has broken ground on District South, a 365-unit apartment development located on a 21-acre site in Greenville. The property will include five four-story apartment buildings, 12 townhome buildings, three carriage home buildings and 13 retail spaces. Amenities will include a grab-and-go market, lounge, fitness and wellness center, resort-style swimming pool with a courtyard, outdoor entertainment areas, dog park and an indoor pet spa. The project team for District South includes architect Dynamik Design, general contractor McShane Construction and civil engineer Gray Engineering. Flournoy Properties Group will manage the apartment property. The construction timeline was not released.
JOHNS ISLAND, S.C. — General contractor Center Park Group has delivered the first tranche of townhomes at Sanderling, a 56-unit build-to-rent (BTR) residential community located at 3021 Maybank Highway in Johns Island, about 13 miles south of Charleston. Atlanta-based RangeWater Real Estate is providing property management services at Sanderling on behalf of the owners, Equus Development Partners and Circle Squared Alternative Investments. Center Park expects to deliver all BTR homes at Sanderling by March. Units span up to 1,443 square feet and come in two- and three-bedroom configurations with one-car garages and front porches. Community amenities include a dog park and three acres of forested land with walking trails throughout.
WEST COLUMBIA, S.C. — Trinity Partners has brokered the sale of a 28,000-square-foot industrial facility located at 971 Harbor Drive in West Columbia. Nick Stomski, Jake Nidiffer and Ryan Causey of Trinity Partners represented the undisclosed buyer in the transaction. The seller and sales price were not disclosed. The Class B facility has been fully occupied by publicly traded HVAC firm Trane Technologies since 2019. The property includes frontage along I-26.
GREENVILLE, S.C. — JLL has negotiated the $45.4 million sale of Water Tower Apartments, a luxury multifamily community located at 1000 Water Tower Circle in Greenville. Built in 2024, the 233-unit property is situated with direct access to the 28-mile Swamp Rabbit Trail. Hathaway Cos. purchased Water Tower Apartments from Urban Realty Partners. John Gavigan, John Mikels and Chase Monroe of JLL represented the seller in the transaction. Additionally, Brad Woolard and Taylor Allison of JLL arranged an undisclosed amount of acquisition financing for the buyer. Water Tower Apartments features a mix of studio, one-, two- and three-bedroom residences averaging 741 square feet in size. The property was 10 percent occupied at the time of sale as the previous owner received its certificate of occupancy (CO) in December 2024.
BLUFFTON, S.C. — Frampton Construction has broken ground on a new 54,000-square-foot medical office building for the Medical University of South Carolina (MUSC) in Bluffton. Located at 700 Buckwalter Towne Blvd., MUSC Health Bluffton Medical Pavilion will house a variety of medical specialties, including primary and urgent care, vascular treatment, oncology and pediatrics. The facility will include three floors — which will span 18,000 square feet each — a sleep lab, cardiovascular lab, chemotherapy compounding pharmacy, an instrument sterilization room, exam rooms and telehealth stations, lead-lined X-ray facilities, offices, conference rooms and a break room and a phlebotomy corridor with four blood drawing stations. Additional safety features of the facility will include a large registration area with clear sight lines, an employee entry vestibule with badge access and a negatively pressurized compounding pharmacy. The building’s exterior will include a canopied patient drop-off area, 259 parking spots, seven additional ADA-compliant parking spaces and a mobile MRI trailer support pad. Completion of the project is slated for spring 2026. The design-build team includes Novus Architects (architect), Moore Lindner Engineering (structural engineer), Cranston Engineering (civil engineer) and DWG Inc. (MEP engineer). Additionally, Revit and Navisworks Manage will coordinate virtual design and MEPF (mechanical, …