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Providence Group Closes 4 Major SE Lease Deals
Charlotte-based The Providence Group completed four retail lease transactions totaling nearly 100,000 square feet across the Carolinas. The activity includes two transactions with HomeGoods, as well as additional deals with Homesense and T.J. Maxx.
The Providence Groups Melissa McDonald, who represented the company in the transactions, added, “Competition for retail space is high, fueled by increased demand across the Carolinas as retailers seek space, whether in newly-built or redeveloped centers. Vacancies are being driven down and there is an overall lack of supply, which is causing rents to continue rising.”
HomeGoods opened new stores at University Commons (22,000 square feet) in Greenville, NC and Beaufort Station (24,000 square feet) in Beaufort, SC. In a second deal at Beaufort Station (photo), T.J. Maxx has relocated within the market, signing on for 24,000 square feet.
Lastly, Homesense has opened a nearly 30,000-square-foot store at Sea Turtle Marketplace on Hilton Head Island.
- ◦Lease
