Aiken’s Kalmia Plaza sold to Florida investor

A Florida-based company has acquired the Food Lion-anchored Kalmia Plaza Shopping Center in Aiken, S.C., for $7.1 million. SPECIAL

A Florida investor has acquired Kalmia Plaza shopping center in Aiken, according to a local commercial real estate firm.

 

Augusta-based The Palomar Group said the 215,000-square-foot retail center on Richland Avenue, whose major tenants include Food Lion, Rose’s and Ollie’s Bargan Outlet, was sold for $7.1 million. The property was owned by Mt. Pleasant, S.C.-based Ziff Properties Inc.

The sale was announced Nov. 8. The companies did not disclose the name of the buyer. Public records on the sale were not immediately available.

Kalmia Plaza was renovated in 2010 and was more than 75 percent leased at the time of sale, Palomar said in a statement.

Other tenants include Hibbett Sports, Workout Anytime, Citi Trends, Metro PCS, Check N Go, Little Caesars and Waffle House.

Palomar was formed earlier this year by former Southeastern Development Associates partners Steve Collins, David Rivers and Ryan McArdle. The group specializes in investment sales and has more than 6.7 million square feet of retail, office and multifamily properties in nine states.

Palomar also is the listing agent for the National Hills Shopping Center, whose tenants include The Fresh Market, Electrolux and The Legends Club.

 

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Thu, 12/14/2017 - 22:35

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