NGKF ARRANGES $16.1M SALE OF CHARLESTON SHOPPING CENTER

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CHARLESTON, S.C. — Newmark Grubb Knight Frank (NGKF) has arranged the $16.1 million sale of North Charleston Center, a 236,025-square-foot shopping center located at 5900 Rivers Ave. in Charleston. The property was 87 percent leased at the time of sale to Northern Tool + Equipment, Petco, Dollar Tree, dd’s Discount and Citi Trends. Popeye’s Chicken and McDonald’s are outparcel tenants. Mark Hillis and Whitney Knoll of NGKF represented the seller, DDR Corp., in the transaction. Atlanta-based Monarch Investments Group purchased the property. Cantor Commercial Real Estate, a sister company of NGKF, provided acquisition financing.

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