FNRP Enters SC With Retail Center Purchase
Sumter Square is anchored by a 39,365-square-foot Piggly Wiggly.
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.
David Robinov of Ackman-Ziff represented the seller in the transaction. Josh Peck of Douglas Elliman represented the buyer.
FNRP specializes in necessity-based real estate including grocery-anchored retail, multifamily, and industrial assets.