Broad Reach Retail Partners Buys Saluda Towne Centre Shopping Center located in Saluda, South Caroli
Broad Reach Retail Partners (BRRP) announces the purchase of Saluda Towne Centre located in Saluda, South Carolina. The center is 37,500 square feet and is anchored by Reid’s Grocery Store (Food Lion) and is 77% occupied at the time of acquisition.
Saluda Towne Centre Shopping Center is anchored by an extremely productive grocery store and provides tremendous traffic to the center. The vacant space is a single 8,450 sf box that was previously occupied by CVS. BRRP already has several tenants interested in spaces.
“Saluda Towne Centre is a great opportunity for our company to continue our growth in the Southeast. We are excited about the acquisition and look forward to stabilizing the asset within the next couple of months” said Nate Tower, Founder of Broad Reach Retail Partners.
About Broad Reach Retail Partners
Broad Reach Retail Partners (BRRP) is a privately held fully integrated owner and operator of shopping centers. The company maximizes the full potential of underutilized shopping centers through focused leasing, redevelopment and creative management. The company vision is to create value for our partners, properties and people. BRRP is actively seeking growth through selective acquisitions, strategic leasing and the addition of the best of the best team members.