X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TAMPA, FL-Locally based Rooms To Go Inc. plans to expand farther up the East Coast with the $3.5-million purchase of nearly 1.3 acres at the Magnolia Park mixed-use project in Greenville, SC. The regional furniture chain plans to build a 35,000-square-foot “super store” on the site.

Palm Beach-based Menin Development Inc. worked with Rooms To Go on the transaction at Magnolia Park. “We are in discussions with several other anchor tenants to lease an additional 200,000 square feet at the property,” says Matt Bloomfield, a Menin spokesman.

Located on Woodruff Road near Interstates 85 and 385, Magnolia Park totals approximately 700,000 square feet of retail space. Anchors include Regal Cinemas, The Sports Authority, Costco Wholesale Club, Bed Bath & Beyond and Old Navy.

“Magnolia Park is an excellent location and Greenville is a very good market,” says Jeff Seaman, CEO of Rooms To Go. The 110-store chain currently has a smaller location in Greenville.

Menin plans another 400,000 square feet of retail at Magnolia Park, plus 375,000 square feet of offices and one or two hotels, according to Bloomfield. The developer owns more than $1 billion worth of retail properties throughout the Southeast.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.