Nov
02

Greenville Area Bi-Lo Center Sold

By

Five Forks I & II for PR EmailHolliday Fenoglio Fowler, L.P. has announced the $10.72 million sale of Five Forks Shopping Center, a 70,177-square-foot, fully leased, BI-LO-anchored neighborhood shopping center in the Greenville-Spartanburg community of Simpsonville, South Carolina.

The HFF team marketed the property for the seller, Retail Properties of America, Inc. RealtyLink, LLC purchased the asset free and clear of existing debt.

Situated on 11.8 acres at 2603 and 2607 Woodruff Road, Five Forks Shopping Center is at the “main and main” intersection of Woodruff Road (Highway 146) and Five Forks Road (Highway 296) in Simpsonville, one of the fastest-growing and most affluent submarkets of the Greenville-Spartanburg MSA. The center is in one of the Greenville area’s main retail corridors. More than 50,641 residents earning an average annual household income of $115,097 live within three miles of the center. Five Forks Shopping Center was completed in two phases in 1999 and 2004 and, in addition to anchor BI-LO, is home to a diverse mix of tenants, including Verizon Wireless, Sports Clips, El Jalisco, ABC Liquor and Oxford Cleaners.

The HFF investment sales team representing the seller included director Thomas Kolarczyk, director Brad Buchanan and senior managing directors Richard Reid and Barry Brown.

Categories : Greenville

Comments are closed.