First National Realty Partners has acquired Sumter Square, a 66,765-square-foot shopping center in Sumter, SC, marking the firm's expansion into South Carolina and bringing its operating footprint to 25 states.

Sumter Square is anchored by a 39,365-square-foot Piggly Wiggly, an operator at the center since 1992. According to RetailStat, the Sumter Square location is one of the chain's top-performing stores in South Carolina based on customer foot traffic. The center features several other daily-needs tenants. "The center also benefits from its location on a primary east-west corridor near national retailers including Walmart and Lowe's Home Improvement," Matt Annibale, vice president of acquisitions.

The center is located 40 miles outside Columbia and benefits from its close proximity to Shaw Air Force Base, the largest employer in Sumter. Within a five-mile radius, the population exceeds 60,000 people with average household incomes of $80,000.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.