Monday

Lowes Foods Grocery Anchored Center Sold


Slate Retail REIT has acquired a grocery anchored center known as the Little River Pavilion in the Little River area of South Carolina (within the Myrtle Beach-Conway-North Myrtle Beach Metropolitan Statistical Area). It is located just south of the NC/SC state line between Little River and Calabash, NC. The 72,520 square foot center was 91% occupied at time of sale and is anchored by a Lowes Foods grocery store and Dollar Tree. It was acquired for $10.1 million or $158 per square foot in November of 2015.