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Atlanta & Southeast  + Southeast  + Retail  |  June 15, 2021
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By: David Cohen

Boulder Group Brokers $5M Sale of Hilton Head Retail Property

Net leased investment brokerage firm the Boulder Group has arranged the sale of a multi-tenant PetSmart and Animal Care located at 161 Copper Plate Road in Hardeeville, S.C.

The 23,834-square-foot single tenant building was constructed in 2018 and is nearby Hilton Head Island. The property is an outparcel to a Walmart Supercenter and is nearby other retailers including Publix, Circle K, Dollar Tree, TD Bank as well as a number of car dealerships. There are ten years remaining on the corporate PetSmart lease and 9 years remaining on the Animal Care lease. PetSmart occupies 82% of the total square footage of the building.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides in the transaction. The seller is a Southeast based developer and the buyer is a West Coast based real estate investor.

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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.
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