Kiawah’s Freshfields Village shopping center sold to Columbia real estate firm | Real Estate

A well known coastal retail center in the Charleston place is now underneath new possession for the third time in its 17-year historical past.

Columbia-primarily based Edens, a nationwide retail serious estate operator, operator and developer, introduced June 15 it has acquired Freshfields Village between Kiawah and Seabrook islands at the south close of Betsy Kerrison Parkway.

The new operator did not disclose the economical phrases, and the deed was not promptly out there at the Charleston County Sign-up of Deeds Office.

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The 191,850-square-foot purchasing heart, anchored by Harris Teeter supermarket, last improved palms for $59.8 million in 2013, when Northwood Investors of New York City acquired the approximately 23-acre assets from Kiawah Associates.

“We are honored and enthusiastic to turn out to be the stewards of Freshfields Village,” explained Edens’ CEO Jodie W. McLean. “Through its considerate curation of programming and community area activation, this iconic assets has acquired its reputation as a area exactly where lasting recollections and connections are made — an ethos that quite considerably aligns with our mission to enrich community.”

She named Freshfields a “pillar of the Lowcountry” and mentioned her bullishness about the shopping middle business.

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“I’ve never been a lot more optimistic about brick-and-mortar retail than I am currently,” McLean said. “I believe we will however have some rightsizing of retail in this state, but our foot traffic is way up because pre-Covid numbers. … Outlets that are embedded in neighborhoods that are created where by people arrive collectively are in significant desire. We assume Freshfields fits that design to a tee.”

The browsing centre, with 99 per cent occupancy, is property to a lot more than 70 merchants, eating places and provider-oriented corporations. It also is the web-site of far more than 80 community gatherings in the course of the calendar year.

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The merchant blend at Freshfields includes nationwide, regional and Lowcountry firms these kinds of as Lululemon, Faherty, Bluemercury, Johnny Was, Winery Vines, Las Olas, GDC Home and The Co-Op. Numerous significant banks also operate branches at the property. 

Edens was founded in the Palmetto State funds in 1966 and now has a portfolio of 110 qualities through the U.S. in Atlanta, Austin, Boston, Charlotte, Dallas, Denver, Hartford, Houston, Los Angeles, Miami, San Diego, San Francisco, Seattle and Washington, D.C.

Virtually all of the firm’s retail facilities are open up-air shopping places.

In South Carolina, Edens’ holdings include Trenholm Plaza, Crosshill Purchasing Center and Columbiana Station, all in Columbia.