RealOp Investments acquires two Greenville retail properties
October 8, 2015
GREENVILLE, SC – RealOp Investments, a Greenville-based commercial real estate investment firm, recently acquired two well-known properties in the Greenville area.
Pelham Place located at the intersection of Pelham Road and highway 14, is a 60,000 square foot shopping center sitting on 6.74 acres with nearly 100% of its in-line shops leased. The 38,000 square foot anchor space was most recently occupied by Bloom, an up-scale supermarket owned by Food Lion, LLC and is currently available for lease.
Also, RealOp Investments acquired the property occupied by Bruster’s Ice Cream at 6040 Wade Hampton Boulevard across from the Target shopping center in Taylors. The company will oversee the construction of a new freestanding building that will be leased by AT&T opening in the spring of 2016.
“We had the opportunity to invest in both properties which are in high-growth, residential areas. Both are revitalization projects of sorts – one where we demolishing a dated building and constructing a new space for AT&T, and the other has sat without an anchor tenant for many years. We look forward to the addition of a new tenant in the Pelham Place space to create a vibrant center for the surrounding community,” said Chip Hunt, Director of Investment Management at RealOp. “Our team did a tremendous job researching and managing these acquisitions, which allows RealOp to continue to be a part of the transformation and growth in the Upstate.”
RealOp Investments is a vertically-integrated commercial real estate investment and asset management firm specializing in ground-up development and value-add acquisitions across the Southeast. The management team, with over 100 years of collective experience, has led real estate investment transactions of more than $7 billion. RealOp is recognized in the marketplace as an active and reliable buyer and manager, providing clients and sellers a high level of responsiveness and surety of performance.
