Archive for Publix
Chapin to Get a Publix?
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About 150 people attended a public hearing Tuesday evening in Chapin to learn about a proposed road closure and redirection in the town. Several shared their opinions on the issue, and there were strong sentiments on both sides.
Residents spoke after first hearing from Arnold Roberts, who was representing commercial real estate firm HR Developers.
Roberts shared with town council and the mayor the developers’ plan to close off Clark Street for 300 feet past the intersection of Clark and Water streets heading towards Chapin Road. The proposal does allow for a redirection of Clark Street to Chapin Road.
Roberts said the street has occupied and unoccupied homes and the road serves as a “transitional artery.”
Publix Anchored N. Augusta Plaza Sold
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Slate U.S. Opportunity (No. 3) Realty Trust has announced the acquisition of North Augusta Plaza, a 254,718 SF retail center located in North Augusta, South Carolina. The Center is anchored by Publix, Big Kmart, and Hamrick’s. A press release reported the price as $19 million ($75/SF).
The center was reportedly purchased at an approximate 8.8% going-in cap rate. The 254,718 square foot property is 92% occupied.
Rob Carter, Alex Quarrier, and David Webb of Berkeley Capital Advisors arranged the transaction.
Lexington, SC Publix Center Sold
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Hendrix Crossing, a 61,712-square-foot, Publix-anchored shopping center in Lexington, SC has been sold. Additional tenants of the center include Subway, Great Clips, Yogen Fruz and Bella Nails and Spa.
Mike Burkard, Chris DeCoufle, Kevin Reavey and Steve Shields of CBRE represented the seller, Columbia-based EDENS, in the transaction. The buyer was Raleigh, N.C.-based Centrex Properties.
N.C. Faceoff Will Test Publix & Harris Teeter
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When a retailer invades a new market populated by an entrenched competitor, it often leads to a price battle, or a faceoff in which one operator clearly outshines the other in service or quality. That’s not likely to happen when Publix Super Markets rolls into Charlotte, a stronghold of Harris Teeter, which is why the outcome is so hard to predict.
Instead, this will be a clash of well-regarded, upscale operators and won’t be a quick slam dunk for either.
Publix recently announced plans to build a store in Ballantyne, N.C., and add a Charlotte-based division as a springboard to growth in the state. At stake is Publix’s hopes to expand further northward, and Harris Teeter’s defense of its territory.
Publix Expands into North Carolina
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Publix Super Markets on Wednesday said that it had signed a lease for its first store in North Carolina, and would establish a Charlotte-based division for further growth in the Tar Heel State.
The 56,000-square-foot store, to be located in Ballantyne, N.C., is tentatively planned to open in early 2014, Publix said.
Industry watchers had long anticipated Publix would expand into North Carolina, particularly after the retailer opened two stores in South Carolina this year on the outskirts of Charlotte. The Ballantyne store will be located around six miles from the newly opened Publix store in Indian Land, S.C.
Easley Publix Anchored Center Sold
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Phillips Edison — ARC Shopping Center REIT Inc., a publicly registered, non-traded REIT has acquired two shopping centers with a combined 150,243 square feet of space located in Georgia and South Carolina. The Company acquired Southampton Village, a 77,956 square foot Publix-anchored shopping center located in Tyrone, Georgia and Centerpoint, a 72,287 Publix-anchored square foot center located in Easley, South Carolina. Both Southampton Village and Centerpoint were constructed in 2003, and the Publix supermarkets at both locations are on long-term leases through 2023. The total purchase price for the two centers was approximately $15.2 million.
Both shopping centers benefit from their close proximity to growing United States metro areas. Southampton Village is located in suburban Atlanta, Georgia, which is the ninth-largest metro area in the United States and serves as the population, employment and transportation center of the Southeast. Centerpoint is located just 13 miles east of Greenville, South Carolina and, as part of the Greenville-Spartanburg-Anderson metropolitan statistical area, benefits from a population of approximately 1.4 million residents.
