Reedy River Retail Facilitates Land Acquisition in Upstate South Carolina for Publix-Anchored Retail Center
MAULDIN, S.C., April 5, 2024 — Local real estate agency Reedy River Retail has successfully brokered the acquisition of nearly 11 acres of land situated at 1116 Ashmore Bridge Road in Mauldin, which is roughly 10 miles south of Greenville, S.C. The buyer, an Atlanta-based company called Venture South Investments, has plans to develop a retail center anchored by Publix on this site.
About the Transaction
In the $4.6 million transaction, Reedy River Retail’s real estate experts Dustin Tenney and Daniel Holloway represented Venture South Investments. This strategic acquisition underscores the continuously mounting interests of various businesses to invest in regions with a thriving retail market.
About the Upcoming Development
Venture South Investments’ plans for the site include the construction of a sizeable 63,000-square-foot retail center. The center’s key attraction will be a 45,000-square-foot Publix grocery store. Additionally, the plans also encompass the establishment of two outparcels that will complement the primary grocery store. As of now, the timeline for the construction phase remains undisclosed.
Implications of the Planned Retail Center
The upcoming Publix-anchored shopping center holds significance for the Mauldin community and its surrounding areas. Located only about 10 miles from Greenville, the shopping center will increase the number of retail options and create job opportunities for the local populace. Furthermore, the two outparcels within the retail center will invite greater diversity in terms of both commercial establishments and services offered, thus contributing to the overall economic abundance and vibrancy of the area.
About Reedy River Retail
As part of SVN Blackstream, Reedy River Retail is well-versed with the real estate sector in South Carolina and beyond. The company is known for its commitment to clients, offering a complete and customized suite of real estate services to suit individual needs and ensure a smooth transaction process.
About Venture South Investments
Atlanta-based Venture South Investments is a notable player in the real estate market with a portfolio that boasts several transformative projects. The company’s commitment to thoughtful design, innovation, and enhancing the communities where it operates distinguishes it among other real estate investment firms.
Future Outlook
With this acquisition and the planned retail development, Mauldin continues to solidify its reputation as a progressive city that fosters economic growth and new opportunities. This well-strategized move by Venture South Investments not only highlights the potential of Mauldin’s retail landscape but also contributes to the evolution of Upstate South Carolina as a desired investment hub in the commercial real estate sector.
