CBRE has arranged the sale of Pelham Place, a 51,158-sq.-ft. shopping center located at 3093 S Highway in Greer, SC. Current tenants at the property include Tropical Grille, Poinsett Medical, Nail Style, Papa Johns, and Eye Level Learning Center, among others. Greenville-based Crown Properties, LLC, acquired the property for $6.55 million.
CBRE’s Tripp Sellers, David Redmond, Tommy Molin, and Brian Scurlock represented the seller, RealOp Investments, in the transaction.
“Pelham Place offers a strategic location in Greenville County, which continues to expand and is already home to more than 40 Fortune 500 companies,” said Mr. Sellers, vice president at CBRE. “After a competitive bidding process with multiple offers, the seller ultimately chose a local buyer within just three weeks of marketing the property. It was a pleasure working with RealOp Investments.”
Pelham Place was constructed in 2007 and sits on 6.74 acres with direct frontage on Highway 14. Located less than a quarter of a mile east of Pelham Road, the primary retail and residential thoroughfare on the east side of Greenville, the property offers great visibility and proximity to the Interstate 85 corridor.