- West Ashley Shoppes sold for $22.57 million in Charleston
- 136,000-square-foot retail center acquired by Ziff Real Estate Partners
- CRC executed 10 new leases and four renewals during hold period
- Property anchored by Ross Dress for Less World Market and Dollar Tree
A West Ashley retail center has sold for more than $22 million.
Continental Realty Corp., on behalf of Continental Realty Fund IV LP, has completed the $22.57 million sale of West Ashley Shoppes, a 136,000-square-foot retail power center at 946 Orleans Road in Charleston, to Ziff Real Estate Partners.
During its 10-year hold period, CRC executed a leasing strategy, including 10 new leases totaling nearly 44,000 square feet and four tenant renewals covering about 21,000 square feet, while implementing proactive asset management program that added value, according to a news release…