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Beaufort Station retail center in Beaufort, SC

$4M Land Buy Kicks off $40M Retail Center in Beaufort, SC

The Morgan Companies has acquired 31 acres of land for $4 million to build a 200,000-square-foot shopping center with outparcels in Beaufort, SC. “Beaufort Station” has an expected development cost of $40 and will be located at the southwest corner of Robert Smalls Parkway and Parris Island Gateway.

Zach Means of Divaris Real Estate, Inc., represented The Morgan Companies in the transaction and Mark Hall,of Judge Realty, represented the sellers.

Four anchor tenants have already signed leases: Hobby Lobby, Ross Dress for Less, Ulta Beauty and Old Navy. 

Site work is expected to begin this quarter, and the shopping center is expected to be open to the public in the fall of 2023.

The Morgan Companies has acquired, developed, managed, and leased over $1 billion in multi-sector assets in markets across the eastern US during its 45 years in business.


Inside The Story

The Morgan Companies

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Development
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