Hot Properties: Townhome community sold in Pendleton

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The Villages at Town Creek, a 61-unit, 244-bed townhome community in Pendleton has been sold by Georgia-based QR Capital to an undisclosed buyer, according to an announcement from CBRE.

Jaclyn Fitts, William Vonderfecht and Casey Schaefer with CBRE’s national student housing team and David Lansbury and Erika Maston with CBRE’s Southeast multifamily investment sales team arranged the transaction on behalf of the seller.

“The Villages at Town Creek offered an attractive going-in yield for investors at one of the nation’s strongest Power 5 student housing markets,” Schaefer said in the news release. “Exhibiting a long history of stable performance, the property also provided a fully entitled development opportunity for additional units. The units are some of the largest and most unique townhome floorplans in the market, differentiating the asset from its competitive set. We were thrilled to help QR complete a successful round trip.”

The price of the transaction was not disclosed.

Built in 2010, the property is on a bus route serving Clemson University, and has averaged 97% occupancy since 2013. The Villages at Town Creek has a unit mix comprised of three-, four- and five-bedroom townhome units.

The following commercial real estate transactions were recently completed in the Upstate. For weekly updates on commercial deals, see the Hot Properties feature every Tuesday in the GSA Business Report Daily email.

Reeves Willis of Avison Young commercial real estate represented KMRT Investments LLC in the leasing of 16,000 square feet of industrial building located at 609 S. Washington Ave. in Greenville to RAS Logistics LLC.

Harry Croxton of Coldwell Banker Commercial Caine represented Five Forks Animal Hospital LLC in leasing 5,900 square feet of medical office building at 221 Batesville Road in Simpsonville, from Piedmont Ventures LLC.

Nicholas Sardone of Coldwell Banker Commercial Caine represented Halter Properties LP, the landlord, in lease renewal negotiations with Bay Laurel Center for Psychotherapy for a 2,920-square-foot office building at 110 Manly St. in Greenville.

Pete Brett and T Cox of Coldwell Banker Commercial Caine represented Bright Investments II LLC, the landlord, in lease renewal negotiations with CDI Investments LLC for a 2,700-square-foot retail space at Garlington Station, Suites H & I, 700 Garlington Road in Greenville.

T Cox of Coldwell Banker Commercial Caine represented tenant Carriage House Realty by Nick LLC in the leasing of a 432-square-foot retail space at 100 E. Washington St., Suite A, Greenville, from Jonathan A. Good LLC.

Taylor Allen, Brantley Anderson and Bailey Tollison of Colliers represented Somera Road Inc. in the sale of a 73,976-square-foot Greenville office building at 400 Brookfield Parkway to Greenville Classical Academy.

Richard Barrett of Colliers represented Peter Weisman/Kinney Hill Associates in the lease of 15,200 square feet of industrial space at 100 Corporate Center Drive in Spartanburg to Airline Hydraulics Corp.

Frank Hammond of Colliers represented MTC Federal Credit Union in leasing 9,000 square feet of office space at 201 Brookfield Parkway in Greenville.

Keith Jones and McNeil Epps of NAI Earle Furman represented the landlord, The F General Synod of the ARP Church, in leasing a 2,049-square-foot office space located at 918 S. Pleasantburg Drive in Greenville to Palomar Insurance Corp.

Shannon Caldwell of NAI Earle Furman represented the landlord, Karin Purvis, in leasing a 3,645-square-foot retail property at 1322 E. Washington St., Building A, in Greenville to Browning Studios LLC.

Shannon Caldwell of NAI Earle Furman represented the tenant, JJ&R Rentals LLC, in leasing a 1,062-square-foot retail space at 629 Augusta St. in Greenville from Rallis Holdings LLC.

Hunter Garrett and John Staunton of NAI Earle Furman represented the landlord, Martinez Garrett Nalley LLC in leasing a 78,500-square-foot industrial space at 15 Shelter Drive in Greer to Total Distribution Inc.

Brian Hammond of NAI Earle Furman represented the landlord, Walter Oates Jr., in leasing a 6,000-square-foot industrial space at 402 Mt. Pleasant Road in Spartanburg to Carelinc Medical Equipment and Supply.

Geoff Beans of NAI Earle Furman represented the landlord, Sun Management Corp, in leasing a 1,400-square-foot retail space at 1120 N. Pleasantburg Dr., Suite 306, in Greenville, to tenant Anytime Labor.

John Powell of NAI Earle Furman represented the landlord, EC Investors LLC, in leasing a 1,065-square-foot office space at 1704 E. Greenville St., Suite 2A, Anderson to Debrica Webster Realty.

Alex Campbell of NAI Earle Furman represented the landlord, Greenville Business Center LLC, in leasing a 7,200-square-foot industrial space at 150 W. Phillips Road, Suite L, Greer, to Ceres Transportation Group Inc.

Ellice Niedrach of NAI Earle Furman represented the tenant, S&A Discount Grocery Duncan LLC, in leasing a 2,200-square-foot retail space located at 700 E. Main St., Suite 6B, Duncan, from Byrnes Storage LLC.

David Sigmon and Matt Vanvick of Pintail Capital Partners represented the landlord, AML LLC in the lease of an 806-square-foot retail space at 1622 E. North St. in Greenville to tenant LolanLulu Inc.

Jeff Day and Lakin Parr of Pintail Capital Partners represented the buyer, NSC Holdings LLC in the purchase of 175 Brookshire Road, a 10,000-square-foot flex investment building in Greer, from seller ABA Equipment LLC.

Send your commercial real estate transactions to [email protected].