February 18, 2020 Comments Off on Continental Realty Acquires Charleston Shopping Center for $147M Views: 805 National News, South Carolina, Southeast

Continental Realty Acquires Charleston Shopping Center for $147M

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Commercial real estate investor and operator Continental Realty Corp. has acquired Mount Pleasant Towne Centre, a 510,000-square-foot shopping center in Mt. Pleasant, SC. The sales price was $147 million.

Located at 1218 Belk Dr., the center is nine miles northeast of downtown Charleston. Tenants at the 96% leased center include Belk, Regal Cinemas, Bed Bath & Beyond, Barnes & Noble, Arhaus Furniture, Old Navy, Peloton, lululemon athletica, Bluemercury, Athleta, Ulta Beauty, Southern Tide, Francesca’s, Ann Taylor Loft, Bath & Body Works and Hustle Smoothie Bar.

Stephen Livaditis, Eric Zimmermann, Michael Pagliari and Conor Lalor of Eastdil Secured represented the seller in the transaction, a joint venture between Miller Capital Advisory and California Public Employees’ Retirement System.

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