Atlanta & Southeast + Retail | April 20, 2021

IPA Brokers $18M Sale of Greenville Shopping Center

Institutional Property Advisors has arranged the $18.2 million sale of Market at Standing Springs, a 63,883-square-foot, Publix-anchored shopping center in the Greenville metro area of South Carolina.

Completed in 2021, the center is located along Simpsonville’s rapidly growing West Georgia Road area at the intersection of W. Georgia Road and East Standing Springs Road near Interstate 385. Zach Taylor and Don McMinn of IPA represented the seller, Carolina Holdings, in the transaction. The buyer was C.F. Smith Property Group.

“The Market at Standing Springs features a best-in-class tenant lineup, including Publix and Starbucks, and a location within the heart of one of Greenville’s fastest-growing and most attractive suburbs, Simpsonville,” said Taylor. “The buyer was a family office in a 1031 exchange. They were placing funds from a single-tenant Lowes Home Improvement asset that Don McMinn sold for them in March.”

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IPA’s Taylor

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.