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Atlanta & Southeast  + Southeast  + Retail  |  October 2, 2019
David Cohen
By: David Cohen

Grocery-Anchored Retail Center in Charleston Trades for $22M

Los Angeles-based private fund LBX Investments acquired Oakbrook Station, a multi-tenant shopping center anchored by Lowes Foods in Summerville, SC. The sales price was $22.2 million.

Located at 10070 Dorchester Rd., the property is approximately 21 miles northwest of Charleston. The 138,166-square-foot retail center is currently fully occupied.

Oakbrook Station was a redevelopment project purchased by the seller, RealtyLink, in 2016, and renovated to make room for a new anchor along with several national and regional tenants including Dollar Tree, OneMain Financial, State Farm Insurance, and ATI Physical Therapy.

Maggie Holmes, Joey Odom, Mike Sladich and Mollie Alteri of Stan Johnson Co. represented the seller, a developer from Charleston, in the transaction.

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.
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