Jan
14

Anderson, SC Michaels & PetSmart Retail Stores Sold

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A joint venture between Baltimore-based MCB Real Estate and Morristown, N.J.-based The Hampshire Companies has purchased two freestanding retail buildings in Anderson. The adjoining single-tenant structures total 43,149 square feet and are occupied by Michaels and PetSmart. They are part of North Hill Commons, a 333,149-square-foot community retail center located at 3521 Clemson Boulevard. Mike Burkard, Chris Decouflé and Steve Shields of CB Richard Ellis arranged the deal. The seller’s name was not released.

BLOG NOTE:

The asking price was $4,500,000 with the asking cap rate being 9%.
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