Time Equities Inc. acquires 62,428 s/f shopping center for $3.8 million

Time Equities Inc. (TEI) has purchased Gateway Plaza, a 62,428 s/f shopping center located at 2701 Church St. for $3.8 million. "This area of South Carolina is thriving and we see wonderful growth potential here," said Ami Ziff, Director of National Retail for TEI. "The Gateway Plaza is a well-situated property in a busy retail district. We look forward to bringing new retailers into the Shopping Center." Jeff Winokur of J H Winokur, Inc., represented TEI. "This is one of our first major ventures into shopping centers in South Carolina. The location of this property makes it a prime investment for us," said Francis Greenburger, chairman of TEI. "We look forward to seeking out more assets in South Carolina to bring our national retail expertise to local properties."