Retail Center Portfolio Under Contract to Wheeler REIT

A 15-property portfolio that includes three in CHS that are affiliated with either former Piggly Wiggly stores or current Piggs is under contract to a Virginia-based REIT, Wheeler Real Estate Investment.  The assets include a James Island center that is now anchored by Harris Teeter after Pigg vacated in 2013, a Bi-Lo center in Ladson that was also a former Pigg, and an existing Pigg in Moncks Corrner.  The transaction that combines 630k SF is set to close in January; pricing is reportedly at about $71M.  Warren Wise has the story here for The Post and Courier.

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 December 21, 2015, in CHS Retail, Retail/Retailers, The Post and Courier, Transactions and tagged , , . Bookmark the permalink. Leave a comment.

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