Brentwood Realty
Brentwood Realty has been a trusted name in the real estate industry since its founding in 1990. Over the past three decades, the company has built a reputation for exceptional service, professionalism, and a comprehensive understanding of the local property market. Originally established as a small family-run agency, Brentwood Realty expanded its reach and services to include commercial and residential properties, property management, and real estate investment consulting. Throughout its history, the company has played a significant role in shaping the Brentwood community’s development and has helped thousands of clients find their ideal homes and investment opportunities. Committed to integrity and excellence, Brentwood Realty continues to innovate and serve its clients with dedication and expertise.
News Summary
The Braves Village Shopping Center in Socastee, SC has been sold for $7.4 million. This 60,914 square foot property is anchored by Food Lion and includes various tenants. The sale, facilitated by Marcus & Millichap, marks Brentwood Realty’s first investment in South Carolina, amid strong demand for grocery-anchored retail centers. The transaction reflects buyer interest in stable retail investments in the region.
Socastee, SC – The Braves Village Shopping Center has been sold for $7.4 million. The shopping center, located in Socastee, a suburb of Myrtle Beach, spans 60,914 square feet and is anchored by Food Lion, which has occupied the space since the center opened in 1985.
In addition to Food Lion, the property hosts a variety of other tenants, including Rent-A-Center, Metro by T-Mobile, and Any Lab Test Now. The sale was facilitated by Lori Schneider and David Gant from Marcus & Millichap, with Brentwood Realty acquiring the property as part of a 1031 exchange.
Marcus & Millichap’s broker of record in South Carolina, Benjamin Yelm, played a critical role in overseeing the transaction. The shopping center is strategically located at the intersection of Socastee Boulevard and Dick Pond Road, making it easily accessible for both customers and tenants alike.
Prior to the sale, the property was owned by MRZ Braves LLC since 2003. Brentwood Realty, the new owner, specializes in acquiring properties suitable for national retail tenants, including familiar names like Starbucks and AutoZone. The acquisition of Braves Village Shopping Center marks Brentwood Realty’s first investment in South Carolina, as the majority of their portfolio is based in New Jersey, New York, and North Carolina.
The demand for quality grocery-anchored shopping centers remains strong, as indicated by the successful sale of the Braves Village Shopping Center. Industry experts acknowledge that there is significant interest from various investors in similar retail properties, demonstrating a stable market for grocery-anchored retail centers. The recent listing and sale occurred under favorable market conditions, highlighting the attractiveness of such assets.
The Braves Village Shopping Center features a total of 10 tenants, making it a vibrant shopping destination for local residents. The presence of established tenants like Food Lion, along with newer businesses, creates a diverse shopping experience that meets community needs and attracts foot traffic.
Overall, the successful sale of Braves Village Shopping Center serves as a testament to the ongoing viability of retail centers that are anchored by grocery stores, which have shown resilience in changing market conditions. This transaction is expected to increase investor interest in similar properties in the region, reflecting the robustness of the retail real estate market in South Carolina.
Deeper Dive: News & Info About This Topic
HERE Resources
Myrtle Beach Experiences Shift in Dining and Entertainment Landscape
Sale of Braves Village Shopping Center Completed
Myrtle Beach Korean BBQ Restaurant Closes Abruptly
Brentwood Realty Acquires Braves Village Shopping Center
Additional Resources
- Shopping Center Business
- Wikipedia: Shopping center
- Myrtle Beach Online
- Google Search: real estate market South Carolina
- Herald Online
- Google Scholar: retail real estate trends
- Grand Strand Magazine
- Encyclopedia Britannica: retail industry
- Myrtle Beach Online Local News
- Google News: grocery anchored shopping centers
- Myrtle Beach SC
Author: STAFF HERE MYRTLE BEACH
The HERE Myrtle Beach Staff Writers are a collaborative team of journalists, editors, and local contributors passionate about delivering accurate, timely information to the Myrtle Beach community. As part of the HEREcity.com Network, which powers over 100 U.S. city sites including HEREcolumbia.com, our staff draws on collective experience in South Carolina journalism to cover everything from business sales and real estate developments to dining deals and community initiatives. Our Expertise and Background Local Roots in Myrtle Beach Our team includes lifelong Myrtle Beach residents and SC natives with deep knowledge of the area’s history, economy, and culture. We’ve covered key events like the recent developments along the Grand Strand, Myrtle Beach’s tourism and hospitality industry, and growth in local education sectors (e.g., Coastal Carolina University programs). Collective Experience With over 50 combined years in journalism, our staff has backgrounds in print, digital media, and community reporting. We prioritize fact-based stories, drawing from sources like the Myrtle Beach Area Chamber of Commerce, city government records, and on-the-ground interviews. Commitment to Quality Every article is a group effort, involving research, editing, and verification to ensure reliability. We adhere to journalistic standards, citing credible sources and updating content as new details emerge.
