Adjacent To The Intracoastal Waterway, Barefoot Landing Was A Pioneer In The Outdoor Festival Shopping Concept With 100 Shops And Boardwalks Bridging A 27-Acre Lake
Midlandsbiz.com -- MYRTLE BEACH, SC - April 15, 2013 - Officials with Burroughs & Chapin Company, Inc., have announced that they have finalized their purchase of Barefoot Landing®, the iconic shopping, dining and entertainment center that pioneered the outdoor festival shopping concept along the Grand Strand. Nestled along the Intracoastal Waterway and built in the style of a New England fishing village, the center is located on Highway 17 in North Myrtle Beach, S.C. It is home to more than 100 specialty stores, retail shops and restaurants surrounding a 27-acre lake.
"When it was built, Barefoot Landing broke new ground as a shopping destination, and it remains a major attraction today," said Steve Warner, senior vice president of capital strategies & investments for Burroughs & Chapin Company, Inc. "We're proud to be associated with the tradition and history that Barefoot Landing embodies. With the acquisition of this iconic property, Burroughs & Chapin is deepening our commitment to being the market leader in high quality retail and entertainment attractions in the Myrtle Beach area. We believe in the strength of the Grand Strand and its potential for long-term future growth."
Barefoot Landing initially opened in 1988. Outparcels on the northern perimeter of the complex later became sites for Alabama Theatre, Alligator Adventure and House of Blues. Burroughs & Chapin's Barefoot Landing acquisition includes all buildings and land within the main complex. The three outparcels will remain independently owned. However, all shops, restaurants and other attractions, including those three, will continue to be marketed as one shopping, dining and entertainment destination.
"The acquisition of Barefoot Landing is a natural step forward for us as Burroughs & Chapin has a depth of experience with similar properties," said Patrick Walsh, senior vice president of asset management and commercial leasing with Burroughs & Chapin Company, Inc. "Our management and ownership of Broadway at the Beach has similarities with Barefoot Landing in its personality, and we share some of the same business owners in our portfolio. So, we already have good relationships with many of the current merchants at Barefoot Landing. We are looking forward to working with the merchants, residents and the community of North Myrtle Beach."
A family destination renowned for its abundant wildlife, Barefoot Landing attracts roughly seven million visitors each year. In addition to entertainment venues such as Alabama Theatre and House of Blues, it features unique attractions such as T.I.G.E.R.S. Preservation Station.
"We're very excited to add Barefoot Landing to the Burroughs & Chapin portfolio of highly successful shopping, dining and entertainment properties," said Walsh. "For more than 15 years, we've owned and managed Broadway at the Beach, which attracts 14 million visitors each year. We're looking forward to growing the number of visitors who come to Barefoot Landing. "
