ANDERSON, SC—HLC Equity reports it has sold its Walmart Supercenter at 3813 Liberty Highway here.
The Pittsburgh, PA-based real estate investment holding group has sold the 192,000 square-foot location to the Zucker Organization of New York City for $11.15 million, according to CoStar.
Wal-Mart occupies the property and has 13.7 years remaining on its triple-net lease. The property is part of the 330,000-square-foot Northtowne Corners shopping center that includes a Sam's Club and a 5,000-square-foot strip center.
“The Walmart Supercenter in Anderson has delivered consistent revenue throughout the duration of our investment as part of our core asset strategy,” says Daniel N. Farber, executive vice president, HLC Equity. “As we've realized a significant return on this asset, we plan to use our time-tested investment approach to further diversify our portfolio of value added and high-performing core assets in additional commercial and residential sub-sectors.”
Within a three-mile radius of the building, there is more than 10 million square feet of commercial space, including the 625,000-square-foot Anderson Mall. Dick's Sporting Goods, Staple's and Kohl's are directly adjacent to the Walmart Supercenter.
CBRE represented HLC Equity in the transaction.
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