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Nearly 200,000-SF Retail Centers Sale Tops $27M

COLUMBIA, SC-The 100%-leased property will see 14 leases come up for renewal in 2010. However, the majority of those leases are for small spaces.

By Melissa Kress | Updated on September 13, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

COLUMBIA, SC-East Forest Plaza, a 198,239-sf retail center here, has changed hands in a $27.47-million deal. Marcus & Millichap brokered the deal between the seller, Hauck Co. Ltd, and the buyer, the Rocco Family Trust.

Located at 5420 Forest Dr., East Forest Plaza comprises four buildings spread over 15 acres. The center’s tenant roster includes Cingular, Check N’ Go, Hobby Lobby, Gamestop, Radio Shack, Payless Shoe Source and Quizno’s, among others. “The property is 200,000-sf sandwiched between a Sam’s Club and Wal-Mart Supercenter,” John Riser, senior director in the Indianapolis office of Marcus & Millichap’s National Retail Group, tells GlobeSt.com. “It is stabilized because of its proximity to Sam’s Club and Wal-Mart.”

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