National Asset Services Picked to Manage SC Retail Asset

Planet Fitness, Office Depot, Stein Mart and 26 other tenants occupy the open-air shopping center, containing nearly 250,000 square feet.
Verdae Village Shopping Center in Greenville, S.C.
Verdae Village Shopping Center in Greenville, S.C.

The owner of Verdae Village Shopping Center in Greenville, S.C., has selected National Asset Services (NAS) to manage the 241,548-square-foot open-air South Carolina retail asset. The 33-member tenant-in-common investment group purchased the shopping center in 2008 under a ground lease agreement, per Greenville County records.

Located at 101 Verdae Blvd., the property’s 20.4 acres are situated alongside U.S. Highway 276, seven miles southeast of downtown Greenville. Benefiting from an estimated 35,000 cars per day, the shopping center sits less than a mile from the entrance to Interstate 85 and within two miles of the busy Woodruff Road retail corridor. According to NAS, the property is more than 90 percent leased and houses a variety of 29 national and regional tenants, including Office Depot, Planet Fitness, Stein Mart and GNC. The owner is renovating part of the asset, a Super BI-LO grocery store.

NAS President and Founder Karen Kennedy told Commercial Property Executive that the firm has retained CBRE to market the remaining vacancies. Collett previously handled leasing for the retail center.

Image courtesy of National Asset Services