Archive for Lexington
CBRE Executes 10,731 SF Lease in Lexington
Posted by: | Comments
CBRE has executed a 10,731-sq.-ft. lease at Southlake Center, a 42,000-sq.-ft. multi-tenant office building in the Lexington submarket of Columbia, SC.
CoCreate Lexington, a locally owned and operated coworking startup, will occupy the property at 714 South Lake Drive this summer to offer sharable office space, technology, and meeting rooms to the Columbia area business community.
Four New Restaurants Coming to Lexington
Posted by: | Comments
With the opening of the Icehouse Amphitheater and the general population boom in the western part of Lexington County, the Town of Lexington’s restaurant and retail offerings are growing, and not just the chain ones.
“The Town of Lexington has undergone a complete transformation … most notably with the Icehouse Amphitheater becoming the new epicenter in our community that provides ‘feet on the street’ throughout the downtown corridor,” says Mayor Steve MacDougall. “Through our success, we have secured four new restaurants that will open in the coming months in downtown Lexington.”
Already well-known to hungry Midlands brunchers for the past 20 years, West Columbia’s Cafe Strudel will be opening a second location at 309 S. Lake Drive in Lexington. No worries, the original on State Street in West Columbia will remain as-is, hangover hashbrowns and all, and the new one will also have the same menu and hours. The Lexington operation is expected to open in early 2018.
Lexington Retail Building Brokered by Coldwell Banker Commercial NRT
Posted by: | Comments
Scott Davis, CCIM, with Coldwell Banker Commercial NRT negotiated the sale of the Momma Rabbits / Anytime Fitness building located in McCauley Square in Lexington, SC to the parent company of Momma Rabbits Nibbles and Sips Restaurant.
The building was built in 2006 and is one of seven buildings in the McCauley Square development. Notable businesses in this retail center include Sunset Children’s Dentistry, ERA Wilder Realty and Travinia’s Italian Kitchen.
Momma Rabbit’s Nibbles and Sips is run by eight siblings and specializes in organically grown and locally sourced foods. The menu is an everything-made-from-scratch concept offering homemade original food with a healthy twist. They are open for lunch and dinner; they also offer catering and take out with a large selection of to-go dinners.
The sales price was $730,000. The seller was Arthur State Bank, and the buyer was Allen Family Properties, LLC.
Is Your Property a Fit for a Tesla Supercharger?
Posted by: | Comments
Tesla is building a nationwide network of Supercharger stations in the U.S. to help give its growing fleet of consumer vehicles the juice they need to conquer the nation’s highways, and now we at TechCrunch have an inside look at how they’re approaching partners to help them expand. Tesla’s footing the bill for the Supercharger spots, asking only for time and access from partners with parking lots, and promising the keys to the future in return.
For “prospective hosts” of Tesla Superchargers, the ask isn’t too steep: Tesla covers all costs, upfront and ongoing associated with installing supercharger stations, according to the documents obtained by TechCrunch. That covers maintenance, as well as power costs, with Tesla optionally offering to install a dedicated meter just for the charging station alone, from which the bill will go directly to Tesla itself.
The cost for Tesla is between $100,000 and $175,000 depending on the station, and a lot of those come from the permanent modifications needed at the site to support the Supercharger itself. It’s more expensive than putting in a charger for a standard electric car, like a Nissan Leaf for instance, but the Supercharger can deliver around five times the power of those stations in the same amount of time, and is more demanding in terms of infrastructure changes as a result.
Lexington Par 3 Course to be Redeveloped
Posted by: | Comments
Newmark Grubb Wilson Kibler, a commercial real estate firm, recently announced the sale of 50.25 acres of land located off Pilgrim Church Road near Lake Murray. The firm added that the property will be the site of a new subdivision.
Wayne Smith, of Newmark Grubb Wilson Kibler, represented the seller and buyer in the transaction. The sales price of the Lexington County property was not disclosed.
According to the real estate firm, the land will be developed into a subdivision named “Village Green” and include some 150 homes.
The development will be built on the site of the former StoneBridge Golf Club, a par 3 course.
The Caddy Shak driving range at 381 Pilgrim Church will remain in operation, said owner Tom Wingard.
Fresh Market, Ulta Coming to Lexington
Posted by: | Comments
Lexington’s Planning Commission members approved a site plan Wednesday for another new commercial center that is expected to bring development to one of the last remaining parcels fronting Sunset Boulevard.
The Lever and Outlaw families have sold their land on the 5300 block on Sunset Boulevard, and Columbia Development is planning to bring a long-awaited Fresh Market to Lexington.
Developers have plans to build on 18 of the 24 acres, which will create 143,000 square feet of commercial space in four separate buildings. Access will be from Palmetto Park Boulevard and Saluda Springs Road, and Palmetto Park Boulevard will become a four-legged intersection when the entrance to the development is built.
Jenkins Williamson of Columbia Development said Fresh Market officials have been wanting to bring a location to Lexington for several years, but it was difficult to find land with access to a traffic signal that also is close to S.C. Highway 6.
Lexington Strip Center Sold
Posted by: | Comments
Ben Yelm, of Marcus and Millichap represented the seller in the sale of Cedarcrest Village in Lexington, South Carolina.
Cedarcrest Village is a 14,300 square foot shopping center located at 955 East Main Street in Lexington, South Carolina. The subject property was built in 2008, has excellent visibility from the street, and has 96 parking spaces. The property has access at the signalized intersection of Library Hall and Main Street as well as Swartz Road. Cedarcrest Village Apartments, a 300 unit 2007 construction complex, shares the same signalized intersection. In addition the property has strong traffic counts of 26,000+/- vehicles per day. The property has a nice mix of local tenants including Eastern Buffet, ReMax, Carolina Cocktails, and One Stop Shipping. All leases are triple net and have built in rent increases. The center was 75% occupied.
NAI Avant Brokers 19.5 Acres in Lexington
Posted by: | Comments
NAI Avant has announced the sale of ±19.5 acres of land on Sunset Blvd at Laurel Ridge Road next to the Golden Hills Golf & Country Club in Lexington, SC. Wellmore, a senior living facility developer, purchased the land for $2,300,000 and plans to build an approximately 200,000 square foot, $47 million premier retirement community offering a continuum of care options to include independent living, skilled nursing, assisted living and Alzheimer’s. The Wellmore of Lexington facilities are expected to open in the spring of 2017 and bring nearly 140 jobs to the local community.
NAI Avant senior brokers, Patrick Chambers and Ben Kelly, CCIM, recently represented the buyer.
71,000 SF Lexington Industrial Building Sold
Posted by: | Comments
Macon Lovelace, Senior Broker with NAI Avant’s brokerage team, recently represented the buyer of 1640 Litton Drive in Lexington, SC. Sorinex Exercise Equipment purchased the ±71,000 square foot industrial building from Royalty Holdings I, LLC.
This building will be a new manufacturing and distribution center for Sorinex, who produces high quality, institutional grade exercise equipment for professional and personal use. Sorinex also plans to employ over 40 people from the community.
Lexington’s Corley Mill Site to be Theater Site
Posted by: | Comments
A developer plans to start work this spring on turning a former sawmill in Lexington into a major retail center with a residential arm. The project, on U.S. 378 two miles west of I-20, is among the biggest developments ever in the steadily growing town of 18,000 residents and perimeter around it.
“It’s a sea change for our community and for the center of Lexington County,” said Randy Halfacre, the town’s mayor and president of the Greater Lexington Chamber of Commerce.
Transformation of the 70-acre sawmill site, once a local landmark, will occur in stages, developer Tony Berry of Rock Hill said.
A long-awaited multi-screen cinema and 234-apartment complex are “both a definite,” but plans for about 16 stores and restaurants are unsettled, he said.
Corley Lumber Mill Retail Site Sold
Posted by: | Comments
Florence-based specialty retailer Tomlinson Stores plans to build a 20,000-square-foot store on a section of the former Corley Lumber Mill site that’s slated for development as a mixed-use commercial project, according to NAI Avant.
Tomlinson, which operates nine stores in the Carolinas, bought a 2.71-acre section of a 70-acre development site in the 4800 block of Sunset Boulevard on the east side of the town of Lexington.
The Tomlinson store is part of the first phase in the mixed-use project that won earlier approval from the Lexington Town Council. Plans call for a commercial center containing about 236,000 square feet of retail and office space as well as 10 additional outparcels.
Besides retail, a multiple-screen theater and a multifamily apartment complex consisting of 250 to 300 units are planned for the property, said Ben Kelly, NAI Avant senior broker. Kelly along with NAI Avant broker Patrick Chambers represented the sellers in the transaction.
Lexington to Get Hobby Lobby Store?
Posted by: | Comments
The project is in the early stages, but a new Hobby Lobby could be on its way to Lexington.
Company officials have not made any official announcement but have submitted a site plan. John Hanson, director of planning, building and technology for the town of Lexington, said the project has received approval by the town’s Planning Commission. Building plans, stormwater plans and architectural plans have not yet been submitted.
The Planning Commission approved the site plan on April 23.
Hobby Lobby media representative Ashley Wilemon said the company doesn’t typically announce a new location until a lease is signed. She added that stores bring an average of 30 to 50 jobs.
Senior Living Community Planned for Lexington
Posted by: | Comments
A large senior-living community is on its way to the town of Lexington.
Lexington-based Connelly Builders Inc. and Connelly Development LLC plan to bring a 48-unit apartment complex to the area. Kevin Connelly, president of Connelly Builders and manager and sole member of Connelly Development, said the community will address the town’s growing senior population.
“The market study shows a tremendous need,” he said.
In total, the development will cover approximately 68,000 square feet with its primary entrance off of Northwood Road. Connelly said Intermark Management will oversee daily operations of the apartments for residents 55 and older once it’s completed.
The Connelly family of businesses previously built and developed senior living communities in Greer and Manning as well as North Carolina. Connelly said taking on a project in Lexington seemed ideal.
Apartments and Retail Planned for Lexington
Posted by: | Comments
A developer plans to start work this spring on turning a former sawmill in Lexington into a major retail center with a residential arm.
The project, on U.S. 378 two miles west of I-20, is among the biggest developments ever in the steadily growing town of 18,000 residents and perimeter around it.
“It’s a sea change for our community and for the center of Lexington County,” said Randy Halfacre, the town’s mayor and president of the Greater Lexington Chamber of Commerce.
Transformation of the 70-acre sawmill site, once a local landmark, will occur in stages, developer Tony Berry of Rock Hill said. A long-awaited multi-screen cinema and 234-apartment complex are “both a definite,” but plans for about 16 stores and restaurants are unsettled, he said.
Lexington Town Centre Sold for $8.325 Million
Posted by: | Comments
The Lexington Town Centre in Lexington, SC has sold for $8,325,000. Lexington Town Centre is a 132,000 SF shopping center anchored by Food Lion, Stein Mart, Books-A-Million and Hibbett Sports. Other specialty tenants include Urban Nirvana, Moe’s Southwest, and Jimmy John’s. Built in 1985, Lexington Town Centre I was redeveloped in 2000, while Lexington Towne Centre II was built in 2003. No cap rate was reported.
The center, located at intersection of US Highway 378 & SC Highway 6 was 95% occupied at the time of sale. Ryan McArdle, Steve Collins, and David Rivers of Blanchard and Calhoun represented the Buyer, Ziff Properties, Inc. of Mount Pleasant, SC. Julian Wilson of Newmark Grubb Wilson Kibler represented the seller, Columbia, SC based Edens.
