Colliers International awarded the assignment after taking shopping center from 40 to 100 percent leased
Greenville, SC – After six months of leasing activity, the ownership of 219 Pelham, a Publix out-parcel retail strip located at 219 Pelham Road, has decided to put the center on the market for an investment sale. Colliers International’s Scott Burgess and Lance Byars, who led the push that took the strip from 40 percent leased to 100 percent leased, will represent the owner in the sale.
“With 219 Pelham's prime location that offers access to Pelham Road and E. North Street, two major thoroughfares in Greenville, and its strong tenant mix of retailers and restaurants, it is perfectly suited for investors who are looking to capitalize on the retail growth in Greenville,” said Burgess, Brokerage Associate.
For an investment sale for a shopping center like this, potential buyers look for indications of a center’s strength, including tenant mix, leases rates and operator experience. That is why the center’s fully leased status – within six months, no less – will bring increased interest from potential investors. In addition to Publix, the adjacent Pelham Commons shopping center houses Pizza Hut, Tipsy Taco, H&R Block, Golden Chick and Tropical Grille.
Burgess and Byars are both members of the Colliers retail brokerage team, specializing in the representation of owners, buyers and tenants in purchasing and leasing retail space.