SVN | Blackstream’s retail division, Reedy River Retail, is pleased to announce the $10.7 million sale of Woodruff Village Shopping Center at 1810-1848 Woodruff Road, in the heart of Greenville, SC. SVN |Blackstream is a full-service commercial real estate brokerage firm and part of the SVN® brand operating in Greenville, Columbia, Charleston, South Carolina and Charlotte, NC.
Reedy River Retail marketed the Woodruff Village Shopping Center on behalf of the seller, Woodruff Investment National Exchange, LLC. The property closed Friday, September 23, 2022, with Rox Pollard of Colliers representing buyer, MarBro Realty, LLC of Greensboro, NC. The brokerage was led by Vice Presidents of Retail Services, Daniel Holloway and Dustin Tenney in the SVN | Blackstream Greenville, SC office. Anchor tenants include Planet Fitness (membership gym), Social Latitude (indoor entertainment and gaming venue), and Habitat for Humanity’s Restore (the non-profit retail outlet for building supplies, home furnishings, appliances, and miscellaneous donations that support Habitat for Humanities’ mission-related activities).
The Woodruff Road property is in the heart of SC’s major commercial corridor at the corner of Woodruff Road and Butler Road with a total GLA of 69,822 sq.ft. surrounded by dense retail.
Reedy River Retail has had an amazing year. This was an opportunity for Reedy River Retail to maximize exposure of this 7.86-acre property that at one time was nearly 50% vacant. They signed four new leases and brought the property to 100% occupancy. Then, in just over a month on the market, this team generated multiple offers and were under contract at 98% of list price. SVN |Blackstream’s retail division continues to exceed expectations bringing new businesses to the Upstate area and maximizing economic growth, said Lars Gruenefeld, Chief Operations Officer at SVN |Blackstream.
Reedy River Retail has quickly become one of the most dominant retail teams in South Carolina. The duo has strong tenant representations in Dunkin, Culver’s, and Taziki’s along with numerous landlord and developer relationships. For more information on their services and expertise, please reach out to them directly at 864-637-9302.