Time Equities purchases 39,078 s/f retail center for $1.3 million
New York-based Time Equities, Inc. (TEI) purchased 809 West Greenwood St., a 39,078 s/f retail center. This is TEI's fourth retail center in SC; the company purchased the property for $1.3 million.
"This is our fourth retail acquisition in South Carolina. We are familiar with this market and feel confident that we will be able to attract national and local retailers to this property to bring it to 100 percent occupancy," said Ami Ziff, the director of national retail for TEI.
Time Equities, Inc. was represented in-house while the seller was represented by Tim Roller of NAI Earle Furman. The property will be managed locally by Dial, Dunlap & Edwards, LLC located in Columbia, SC.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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