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National  + South Carolina  + Retail  | 

Continental Realty Acquires Charleston Shopping Center for $147M

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.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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