Charleston, SC - Colliers International’s Scott Rogers, SIOR, CCIM, represented the seller, Brixmor Property Group, as well as the buyer, an undisclosed private equity firm, in the sale of Remount Village Shopping Center in North Charleston. The property sits on about 6 acres at 1357 Remount Road, an ideal central location within five minutes of I-526, I-26 and ten minutes to downtown Charleston, West Ashley, Daniel Island, Mount Pleasant and the airport.
Remount Village is a 60,000 square-foot retail center and has one of the few remaining available boxes in metro Charleston. In 2015, the Charleston metro area had 18 boxes of 25,000SF+ and now only a handful are still available.
Brixmor Property Group is one of the largest REITS in the nation, owning more than 84 million square feet of retail space. Colliers generated eleven letters of intent from interested buyers across the nation.
“Remount Village is an excellent investment opportunity with the potential to substantially increase the value of this asset,” said Rogers, a Senior Brokerage Associate.
Rogers specializes exclusively in investment sales servicing sellers of multi-tenant office, warehouse and retail assets and single-tenant properties. He has sold investments to a number of national and regional institutional and private equity firms that seek core plus, core and value-add opportunities.