Jul
30

Lexington Town Centre Sold for $8.325 Million

By

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.

Categories : Columbia, Lexington

Comments are closed.