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.
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.
HarrisTeeter, now a unit of The Kroger Co., opened at 1739 Maybank Highway on James Island, one of seven stores it acquired from Piggly Wiggly in 2013. The 43k SF store is the 6th in the CHS region. Warren Wise has the announcement for The Post and Courier along with other retail stories.
Greenbax Enterprises, the local parent of Piggly Wiggly Carolina Co. is seeking approval from shareholders to liquidate and dissolve the company and exit the wholesale and retail grocery business by year-end 2014. After 67 years, the company is reportedly trying to sell its wholesale business to New Hampshire-based C&S Wholesale Grocers Inc and sell its 19 remaining grocery stores to independent operators. Pigg sold 29 of its Lowcountry stores in 2012-2013 and most of its Charleston area locations to either Bi-Lo or Harris Teeter. Abigail Darlington of The Post and Courier has the story, the update and a little history on a local institution.
With somewhat of a local cult following, Pigg closed 28 stores about a year ago, replaced mostly by Bi-Los and a few Harris Teeters. Does anyone miss them? Find out in Abigail Darlington’s article in the Post and Courier.
For the second time this month, a large cold storage refrigerated warehouse user has been announced for the CHS region. This time, Agro Merchants Group announced it has leased the former Pigg distribution center in Summerville for importers and exporters of meat and other fresh foods. The 121,000 SF will be open for business in August after improvements of $8M. They are also hiring 55 to 70 new workers. This news is on the heels of Lineage Logistics announcing last week it will build a new cold storage warehouse in Palmetto Commerce Park. The Post and Courier’s John McDermott has the full story.
After recently selling 29 Lowcountry stores, Piggly Wiggly has announced plans to shutter its North CHS warehouse and its 612k SF distribution center in Jedburg. The same warehouse they sold to a local investor in 2010. Abigail Darlington of The Post and Courier has the full story.