Aston purchases McBee Station
January 16, 2024
Charlotte-based firm expands Greenville portfolio with shopping center near the heart of Downtown Greenville
Aston of Charlotte announced its purchase of McBee Station, a high-profile, mixed-use shopping center located at the corner of Church Street and McBee Avenue just blocks from Downtown Greenville’s Main Street.
The purchase from Barings, a global investment manager headquartered in Charlotte, NC, closed on Jan. 8, making Aston one of the largest retail owners in the Greenville metropolitan statistical area (MSA).
In addition to McBee Station, Astons owns McDaniel Village, North Hills Shopping Center, Verdae Village, and Powdersville Plaza.
Aston plans to manage the more than 79,000-square-foot retail portion of the property to its highest potential. McBee Station features anchor tenants Publix and Staples, along with several local businesses such as Greektown Grille, McBee Nail Lounge, Design on Tap, and more.
“McBee Station is one of the premier grocery-anchored shopping centers in the Greenville market,” said George S. Dewey IV, president and CEO of Aston. “We are committed to providing a first class shopping environment so that tenants can continue to provide essential business services to the downtown Greenville community.”
Aston Managing Director, Barnes Connell, said the company is a strong believer in the Greenville market.
“Aston sees great opportunity in the Greenville community, and we are excited to deepen our investment in the area with the acquisition of McBee Station,” said Connell. “McBee gives Aston exposure to the downtown Greenville submarket, while also catering to surrounding residential neighborhoods.”
Berkeley Capital Advisors, a retail investment brokerage firm, represented Barings in the transaction.
About Aston
Aston was founded in 1980 by Steele Dewey to provide attractive, well-managed, necessity-based shopping centers in communities throughout the southeastern and mid-Atlantic United States. Over its 43-year history, Aston has secured its business by forming mutually beneficial and enduring relationships with all of its tenants, partners, and employees. Aston provides the full complement of real estate services, including property management, leasing, development, and capital market services. As a result, the business has a long track record of success and is well-positioned to capitalize on future opportunities in the Greenville area where it currently owns North Hills Shopping Center, Verdae Village, McDaniel Village and Powdersville Plaza.
About Berkeley Capital
Berkeley Capital Advisors is a retail investment brokerage firm that deals exclusively in the representation of income producing real estate. Since 1997, Berkeley Capital Advisors has closed 2,637 separate transactions with $17.6 billion in total sales volume. BCA consistently ranks in the top 10 nationally for brokers.
About Barings
Barings is a $381+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.
*As of December 31, 2023
