South Carolina

Capstone Capital Closes $32.5M Loan for Apartment Community in South Carolina

by John Nelson December 18, 2015

SUMMERVILLE, S.C. — Capstone Capital has closed the $32.5 million cash-out refinancing of Kilnsea Village Apartments, a 313-unit multifamily property located at 5300 Patron Place in Summerville, roughly 26 miles west of Charleston. The unnamed borrower, a Southeast-based developer, refinanced an existing $20 million loan and withdrew approximately $12.5 million from the new financing. Jackson Howard of Capstone Capital arranged the Fannie Mae loan at a fixed interest rate of 4.45 percent. The loan features three years of interest-only payments followed by a 30-year amortization schedule.

December 18, 2015

Industrial South Carolina Southeast

Exeter Property Group Buys 307,132 SF Industrial Facility in South Carolina

by John Nelson December 17, 2015

DUNCAN, S.C. — Exeter Property Group has purchased a 307,132-square-foot, Class A industrial building located at 1375 Howell Road in Duncan. Exeter purchased the asset from TIC Properties for an undisclosed price. Located within Hillside Industrial Park, the property is leased to Benore Logistics, a third-party logistics and sequencing provider for BMW. Givens Stewart, Garrett Scott and Brockton Hall of Colliers International represented Exeter in the transaction.

December 17, 2015

Seniors Housing South Carolina Southeast

McCrory Breaks Ground on $19M Seniors Housing Community in South Carolina

by John Nelson December 10, 2015

SIMPSONVILLE, S.C. —McCrory Construction Co., a South Carolina-based general contractor, has broken ground on The Crossing at Five Forks, an independent living, assisted living and memory care community in Simpsonville, located in Upstate South Carolina. Virginia-based developer Smith/Packett Med-Com LLC is developing the 197,702-square-foot community, which will feature 100 independent living units, 48 assisted living units and 24 memory care units. Development costs are estimated to be $19 million. More than 15 percent of the population in Greenville County, where the community will be located, is above 62 years of age. Studies project that in 10 years, one of every four residents in Greenville will be over 55, according to McCrory. The Crossing at Five Forks is the second seniors housing community McCrory is building in South Carolina for Smith/Packett and its subsidiary Harmony Senior Services. The Crossings at Wescott Plantation, located in Charleston, is scheduled for completion in the fall of 2016.

December 10, 2015

Industrial South Carolina Southeast

Colliers Brokers $3.5M Sale of Manufacturing Facility in Spartanburg

by John Nelson December 10, 2015

SPARTANBURG, S.C. — Colliers International has brokered the $3.5 million sale of a 133,240-square-foot industrial facility located at 2641 New Cut Road in Spartanburg. Reger Holdings LLC purchased the former Faurecia manufacturing facility from Faurecia Emissions Control Technologies LLC. Faurecia is a manufacturer of automotive seating, interior systems, automotive exteriors and emissions control technologies and is major supplier for BMW, which has a major presence in South Carolina. Colliers is the global real estate services provider for Faurecia, which has 238 production facilities and 38 research and development centers in 33 countries. Chuck Salley, Dave Mathews, Givens Stewart, Sam Myers, Garrett Scott and Brockton Hall of Colliers represented both the buyer and seller in the transaction. Reger Holdings has retained Colliers to lease and manage the facility.

December 10, 2015

Retail South Carolina Southeast

The Boulder Group Brokers $5M Sale of Walgreens in North Myrtle Beach

by John Nelson November 23, 2015

NORTH MYRTLE BEACH, S.C. — The Boulder Group has arranged the $5 million sale of a single-tenant property net leased to Walgreens at 4300 Highway 17 South in North Myrtle Beach. Walgreens has operated at the store, located at the intersection of Highway 17 and Windy Hill Road, since 2002 and has seven years remaining on its lease agreement. Randy Blankstein and John Feeney of The Boulder Group represented the buyer, a Midwest-based private investor, in the 1031 transaction. The seller was a private investor based in California.

November 23, 2015

Retail South Carolina Southeast

Marcus & Millichap Brokers $12.8M Sale of Walmart Neighborhood Market in Charleston MSA

by John Nelson November 19, 2015

GOOSE CREEK, S.C. — Marcus & Millichap has brokered the $12.8 million sale of a 41,117-square-foot, freestanding Walmart Neighborhood Market in Goose Creek, a suburb of Charleston. Built in 2014 and opened for business in June 2015, the store features a drive-thru pharmacy and a six-pump Walmart fuel station on an outparcel. Walmart has signed a 20-year modified triple-net lease on the property with four five-year options, each with rent increases. Don McMinn and Zach Taylor of Marcus & Millichap’s Atlanta office and principals of the firm’s Taylor McMinn Group represented the seller, a developer. The buyer is a private investor in a 1031 exchange. Raj Ravi of Marcus & Millichap’s Charleston office is the firm’s broker of record in South Carolina.

November 19, 2015

Retail South Carolina Southeast

SRS Brokers Sale of Walmart Neighborhood Market in South Carolina

by John Nelson November 9, 2015

ANDERSON, S.C. — SRS Real Estate Partners has brokered the sale of a newly constructed, 41,369-square-foot Walmart Neighborhood Market located at 2003 E. Greenville St. in Anderson. The store is situated at the northwest corner of Greenville Street and Reed Road directly across the street from AnMed Health Medical Center. Kyle Stonis, Pierce Mayson, and John Topping, Jr. of SRS’ Atlanta office represented the seller, Cypress Equities, in the transaction. The buyer, VEREIT Inc., was self-represented. The purchase price was undisclosed.

November 9, 2015

Office South Carolina Southeast

NAI Avant Arranges 5,400 SF Office Lease in Downtown Columbia

by Christina Cannon November 6, 2015

COLUMBIA, S.C. — NAI Avant has arranged a 5,400-square-foot office lease in downtown Columbia. The Mariner Group has relocated its headquarters to the TD Bank Building located at 1501 Main St. Mariner is a provider of maritime situational awareness and response management solutions and services. Paul Hartley, Roger Winn and Paul Paschal of NAI Avant represented Mariner in the transaction.

November 6, 2015

Retail South Carolina Southeast

BJ’s Wholesale Club to Open New Location in South Carolina

by Haisten Willis November 5, 2015

SUMMERVILLE, S.C. — GBT Realty Corp. will develop a new BJ’s Wholesale Club in Summerville, S.C. The $12 million development is situated on a 10.5-acre site at the southeastern corner of Interstate 26 and North Main Street. The 87,800-square-foot membership warehouse club will feature a BJ’s gas station and is expected to open in late 2016. Construction is set to commence immediately following the acquisition of the site in December. Summerville is located 20 miles northwest of Charleston. BJ’s Wholesale Club Inc. currently has more than 200 locations in 15 states with, the closest store located in Charlotte, N.C.

November 5, 2015

Industrial South Carolina Southeast

NAI Avant Brokers 1,185-Acre Land Sale in Columbia for $3M

by Haisten Willis November 3, 2015

COLUMBIA, S.C. — NAI Avant’s Tom and Tombo Milliken have brokered the sale of 1,185 acres on Beckham Swamp Road and Longwood Road in Richland County, S.C. The property, known as Liberty West, was owned by Congaree Carton LP and sold for $3 million. NAI Avant represented the purchaser in the timber and recreational holding.

November 3, 2015

Newer Posts

Older Posts