Another Big Shopping Center Sale

The Wal-Mart-anchored North Main Market in Summerville has sold from a Charlotte developer, Childress Klein, to a Charlotte investor, Ferncroft at about $51/SF.  (No article).  Compare that to what ARC just paid for Northwoods Marketplace at $182/SF, though North Main’s new owner is planning a needed renovation.  Hmmmm.

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on August 30, 2014, in CHS Retail, Commercial Real Estate, Transactions and tagged , , , . Bookmark the permalink. Leave a comment.

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