Jan
31

Northwoods Marketplace Shopping Center in North Charleston Sold

By
– The Post and Courier

Two out-of-state real estate firms teamed up to purchase one of the most expensive items ever sold at Northwoods Marketplace shopping center: the property itself.

Atlanta-based RCG Ventures and New York-based DRA Advisors have purchased the retail center across Rivers Avenue from Northwoods Mall. The former owner, North Charleston Associates, faced a foreclosure lawsuit.

The shopping center, which totals 192,729 square feet, houses big retailers such as Barnes & Noble, Michaels, Old Navy, Best Buy and Big Lots.

RCG Ventures spokeswoman Brittany Stanley didn’t disclose the center’s vacancy rate but said it has several small retail parcels available and room for a bigger tenant in the former Linen ‘N Things space.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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BLOG NOTE:
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According to Loopnet, the center has 77,783 square feet vacant, or approximately 40%.
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Michael Dodds
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