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 ofnational and regional institutional and private equity firms that seek core plus, core and value-add opportunities.
About Colliers International
Colliers International | South Carolina has over 150 staff members, including 64 real estate professionals. Total brokerage volume for the firm in 2017 exceeded $680 million involving over 900 sales and leasing transactions. Colliers International is the largest manager of commercial property in South Carolina and is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM), with a portfolio at year-end 2017 of approximately 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 53 professional designations, the most of any firm in South Carolina.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.