ANDERSON, S.C. — HLC Equity has sold a 192,000-square-foot Walmart Supercenter located at 3812 Liberty Highway in Anderson. Wal-Mart Stores Inc. currently has 13.7 years remaining on its triple-net lease. The property is part of a 330,000-square-foot power retail center that includes a Sam’s Club and a 5,000-square-foot strip center. CBRE represented HLC Equity in the transaction.
GREENVILLE, S.C. — Trammell Crow Co. (TCC) has named Greenville-based Centennial American Properties as its local partner in the redevelopment of the Greenville News building in downtown Greensville. The two companies will develop a mixed-use project that could possibly include an upscale hotel, retail and restaurant space, dine-in movie theater, office building, multifamily residences, public plazas and pedestrian walkways, a parking garage and other uses that would fit within the upscale nature of the project. TCC is under contract with Gannett Publishing to purchase the Greenville News building, which is located on Main Street. Jackson Hughes Jr. of Hughes Commercial Properties is handling retail leasing for the development, and CBRE is handling office leasing. Wakefield Beasley & Associates is designing the project.
GREENVILLE, S.C. — McMillan Pazdan Smith has completed construction on Furman University’s $8.8 million Pearce-Horton Football Complex. The 44,000-square-foot facility is located adjacent to the existing stadium and features a locker room, player’s lounge area, coaches’ offices, position/team meeting rooms, sports medicine/athletic training suite and a team equipment/laundry room. The complex also features a press box and private suite/club level with catering amenities.
FORT MILL, S.C. — Atlanta-based Bull Realty has brokered the $12 million sale of Carolina Commons Medical Center, a 58,195-square-foot medical office building in Fort Mill. Paul Zeman of Bull Realty’s national healthcare capital markets group represented the seller, Charlotte-based RED Partners, in the transaction. The buyer was American Healthcare Investors. The primary tenant of Carolina Commons is Novant Health.
SPARTANBURG, S.C. — Alliance HSP Spartanburg LLC, an affiliate of Alliance Partners HSP LLC, has acquired the Viking Warehouse, a 350,000-square-foot warehouse/distribution facility in Spartanburg. Campbell Lewis of CBRE represented Alliance in the transaction. The facility is comprised of two warehouse buildings located on a 28.7-acre site at 2071 Fryml Drive. The property was formerly occupied by American Fast Print but was vacant at the time of sale. Alliance plans to invest in capital improvements to the property and reposition it from a Class C asset to a Class A asset. Completion of the renovation is expected for spring 2015. Campbell Lewis and John Scott of CBRE will be responsible for leasing Viking Warehouse, and Steve Campbell of CBRE will oversee property management.
MOUNT PLEASANT, S.C. — Capital One Bank has provided a $36.3 million loan to refinance a construction loan on Somerby of Mt. Pleasant, a 248-unit seniors housing facility in Mount Pleasant, roughly 10 miles northeast of Charleston. The seniors community includes 159 independent living apartments and villas and 89 assisted living units. Developed in 2008, Somerby of Mt. Pleasant’s amenity package includes a fitness facility, restaurant-style fine dining, an on-duty nurse, indoor heated pool and a separate guest suite for visiting family and friends. Capital One Bank arranged the loan on behalf of affiliates of Dominion Partners LLC, a Birmingham, Ala.-based owner of seniors housing properties in the Southeast. Dominion’s management company is Somerby Senior Living Services LLC.
INDIAN LAND, S.C. — Cassidy Turley has brokered the $5 million sale of Catawba Commons, a 40,261-square-foot, Food Lion-anchored shopping center located at 8175 Charlotte Highway in Indian Land, part of the Charlotte MSA. The property was fully leased at the time of sale. Egan Family Partnership purchased the asset from Indian Land-FL LLC. Sam Young, Jared Londry and Rob Cochran of Cassidy Turley represented the seller.
GREENVILLE, S.C. — Passco Cos. LLC has purchased Vinings at Laurel Creek, a 244-unit, Class A apartment community, for $30.9 million. The multifamily community is located at 3434 Laurens Road near downtown Greenville. Delivered in 2013, the apartment property features a beach-entry pool, indoor/outdoor clubhouse, cyber café, dog park and fitness center. Passco plans to hold the asset for seven to 10 years or until the market dictates, according to Gary Goodman, senior vice president of acquisitions for Passco Cos.
SUNSET BEACH, N.C. AND NORTH MYRTLE BEACH, S.C. — Multi Housing Advisors (MHA) has brokered the sales of the 168-unit Tides at Calabash in Sunset Beach and the 172-unit Cherry Grove Commons in North Myrtle Beach. Hamilton Point Investments LLC acquired Tides at Calabash from Berkadia for $12.6 million and Cherry Grove Commons from Aspen Square Management for $15.1 million. Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the sellers in both transactions. The buyer didn’t use a broker in either transaction. The two properties are approximately 15 miles apart.
FOUNTAIN INN, S.C. — Pattillo Industrial Real Estate has broken ground on a 205,000-square-foot speculative industrial facility, located on a 40-acre site at 141 Southchase Blvd. in Fountain Inn, roughly 20 miles southeast of Greenville. The Class A asset will be located in SouthChase Industrial Park and will be expandable up to 330,000 square feet. SouthChase Industrial Park is currently leased to 14 tenants, including Bosch Rexroth, W.W. Grainger, AVX Corp., Southeastern Products and Stueken. The new building will feature 30-foot clear heights, a 180-foot truck court, 45 dock positions, T5 lighting and an ESFR sprinkler system. Pattillo expects to deliver the facility in mid-2015. The developer has tapped NAI Earle Furman to lease and market the property.