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.

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 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.

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.

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.

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.

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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.

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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.