Archive for Lexington

Jan
21

Fresh Market, Ulta Coming to Lexington

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lexington fresh marketLexington’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.

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Nov
23

Lexington Strip Center Sold

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cedarcrest villageBen 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.

 

Categories : Columbia, Lexington
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Jul
15

NAI Avant Brokers 19.5 Acres in Lexington

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sold_stamp redNAI 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.

Categories : Columbia, Lexington
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Dec
11

71,000 SF Lexington Industrial Building Sold

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littonMacon 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.

Categories : Columbia, Lexington
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Nov
24

Lexington’s Corley Mill Site to be Theater Site

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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.

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Categories : Columbia, Lexington
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Jul
23

Corley Lumber Mill Retail Site Sold

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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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Categories : Columbia, Lexington
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Jun
12

Lexington to Get Hobby Lobby Store?

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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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Categories : Columbia, Lexington
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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.

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Categories : Columbia, Lexington
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Nov
20

Apartments and Retail Planned for Lexington

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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.

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Jul
30

Lexington Town Centre Sold for $8.325 Million

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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.

Categories : Columbia, Lexington
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Jun
18

37 Lexington Lots Sold for $32,000 Per Lot

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Colliers International’s Jordan Hammond brokered a $1,184,000 sale of 37 lots in Lexington Heights subdivision to S.C. Pillon Homes, Inc./Crown Communities. Hammond represented the seller, Heights Development. Lexington Heights is located off of Old Chapin Road in the Town of Lexington.

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Apr
17

New 500 Lot Subdivision for Lexington?

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Residential developers are trying to buy Barr Pond and land surrounding it — an area the Lexington Wildlife Chapter has called home since 1955.

Lexington Town Council voted 3-1 on April 1 to approve the sale of the 119-acre pond, also known as Wildlife Lake, and the five acres of land near the pond that the town owns.

SCE&G also plans to sell 11 acres, according to a report in The State.

Members of the Lexington Wildlife Chapter boat and fish on the pond and use the area to take children and seniors on educational tours. They also have a clubhouse on the property where they’ve held benefits for the children’s home, Riverbanks Zoo and other organizations.

“We value that pond for what we can contribute to the community through that pond,” member Ben Knight said at the April 1 town council meeting.

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Mar
26

Lexington Strip Center Sold for $314/sf

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Marcus & Millichap has arranged the $4.25 million sale of JDE Center, a 13,513-square-foot retail property located in Lexington, SC. The sale includes a single-tenant building and a four-tenant strip center. The purchase price equates to more than $314 per square foot. Tenants at the fully occupied property include Verizon Wireless, Krispy Kreme Doughnuts, Jersey Mike’s Subs, Pak Mail and Miyo’s.

Andrew Margulies of Marcus & Millichap’s Raleigh office, along with Kevin Limbert of the firm’s St. Louis office, represented the seller, a private partnership in Missouri. They also procured the North Carolina-based buyer, Scarafoni Associates LLC.

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Jan
14

Batesburg, SC Bi-Lo Center Sold

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Wheeler Real Estate Investment Trust Inc. has acquired Twin City Crossing, a 47,680-square-foot, grocery-anchored shopping center, for $4.5 million, or $94 per square foot. The property is located off U.S. Highway 1 in Batesburg/Leesville, approximately 30 miles southwest of Columbia, S.C. BI-LO anchors the center, which was built in 1998, and has 9 years remaining on its lease. Twin City Crossing has been 100 percent leased since 2004 and is fully leased through March 2014. Other tenants include Subway and Advance America.

Batesburg-Leesville is located in Lexington County, SC, with population of approximately 10,433 within a five-mile radius of the shopping center. Twin City Crossing is located on US Highway 1 with excellent access and visibility.

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Jul
02

Retail Center Announced for Lexington’s Corley Lumber Site

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A retail center set to rise on the site of a former sawmill in Lexington will be much smaller than initially suggested.

Design plans submitted to Town Hall outline about 20 stores on the tract, a third of what was once envisioned. The center — along U.S. 378 a mile west of I-20 — features a 14-screen cinema complex that likely will be surrounded by restaurants and stores featuring sporting goods, clothing and other merchandise, officials said.

Hendon Properties of Atlanta, the center’s developer, is awaiting final commitments from a mix of national, regional and local retailers, commercial real estate broker and project consultant Ben Kelly said. Retailers interested in the center are a blend of new and familiar names, he said.

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Categories : Columbia, Lexington
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