Monthly Archives: June 2016

Wheeler REIT Buys 14 Centers in Southeast

Virgina Beach-based Wheeler Real Estate Investment Trust bought 13 retail centers in South Carolina and one in Georgia, totaling 603,000 SF and 92% occupied and anchored by the likes of Bi-Lo (8 centers), Piggly Wiggly (5) and Harris Teeter (1).  Locally, three centers were included – Harris Teeter center at Folly Road Crossing on James Island, Bi-Lo anchored Ladson Crossing in Ladson, and a Piggly Wiggly in Mocks Corner.  Warren Wise of The Post and Courier has the story here.

New Eatery Planned for Mount Pleasant

A dark restaurant at 201 Coleman Blvd. in Mount Pleasant that once housed Sette VII will be leased for a new dining/bar establishment according to the owners and Warren Wise’s Post and Courier article.

New Grocery Stores Planned for CHS

Warren Wise has uncovered plans for two grocers planning stores in metro CHS – a new Publix at 1411 Folly Road on James Island, not far from a very successful Publix to the north at 520 Folly Road (and Harbor View Road).

Also, Sav-A-Lot will (open in mid-June) a new 16,000 SF store at Oak Ridge Plaza Shopping Center at 5060 Dorchester Road; that’s just outside I-526.

We’ve also heard about yet another grocery store for Mount Pleasant.

Chomp! Halls Chophouse Buys Upper King Properties for $7M

If you wonder where the $60 goes after it leaves your wallet at Hall’s Chophouse for the filet (a la carte), some of it goes to pay for the real estate.  A lot of it apparently.  The owner of the restaurant paid a combined $7M for the twin buildings that house the famous eatery at 432-434 King Street downtown.  Warren Wise has the announcement here.

West Ashley Harris Teeter Opening In Fall 2017

Kimco Realty finally publicly revealed its plans to add Harris Teeter to the mix at Westwood Plaza Shopping Center in West Ashley, adjacent Barnes & Noble.  Office Depot and TJMaxx also co-tenant the center.  Warren Wise of The Post and Courier has the announcement here.  Kimco renovated the St. Andrews Center anchored also by Harris Teeter and West Marine/Petco/Stein Mart on Savannah Hwy back in 2009.  John Orr, CCIM, and Elyse Chubb Welch, CCIM, handle the local leasing for Kimco in each of these centers.

Developer Sees New Downtown For N CHS Near Tanger

A mixed-use development that includes apartments, a hotel, restaurants and office space are planned near Tanger Outlets in N CHS.  The next step is to get approval to fill 28.5 acres of wetlands.  The Post and Courier’s Warren Wise has the story here.

Retailer Openings: New Mellow Mushroom, New La-Z-Boy and New Home Decor Store

Warren Wise of The Post and Courier has announcements on top of announcements, including:

  • Mellow Mushroom opening near Tanger in N CHS
  • La-Z-Boy furniture showroom opening in N CHS, too, next to the new Conn’s Electronics store, also near Tanger
  • Plum Goose Home Furnishings in West Ashley
  • Charlotte-based Famous Toastery announcing five restaurant locations; for now, Summerville, N CHS, and later Mount Pleasant.

Chipotle adding 4th CHS Store and Planning 5th; Southern Season to Downtown

Warren Wise of The Post and Courier has an article updating the local retail scene, including the announcement of a 4th Chipotle, this one in Mount Pleasant; and plans for their 5th store in West Ashley near Citadel Mall.  Also, specialty food retailer Southern Season opening a store (kinda) downtown on Market Street.

Ashley Landing Lands Pizza/Craft Beer Joint

Frothy Beard Brewing Co. of N CHS and food truck Zombie Bob’s Pizza are joining forces and will open a joint operation at Ashley Landing in West Ashley this Fall.  It will include a large brewing area and CHS’ largest indoor taproom and a large outdoor seating area according to the founders.  Warren Wise of The Post and Courier has that story along with a few other retailer notes around town.

Restaurant Coming to Midtown

John Orr, CCIM, and Elyse Chubb Welch, CCIM, of Colliers International announced the leasing of a 2,016 SF bay at Midtown on King Street that will open early next year.  Warren Wise of The Post and Courier has the story here.