Pine Tree & Blue Coast Capital Acquire Azalea Square Retail Center In Charleston For $59.7M

An affiliate of Pine Tree and Blue Coast Capital has acquired the Azalea Square retail center in Summerville, SC for a sale price of $59,700,000. The property, located at 215 Azalea Square Blvd, is a 270,000-square-foot retail space. The transaction was facilitated by brokers Brad Peterson and Whitaker Leonhardt of Colliers International. The seller, AEW Capital Management, was represented by Jeff Furber. The retail center is home to notable tenants such as TJ Maxx, Ross Dress for Less, Ulta Beauty, and others.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $59,700,000
• Square Footage: 270,000
• Price Per Square Foot: $221
• Address: 215 Azalea Square Blvd, Summerville, SC
• Market: Summerville, SC

Pine Tree and Blue Coast Capital's joint venture marked its acquisition of the Azalea Square retail center in Charleston. This strategic investment grants them ownership of a 270,000-square-foot retail space housing popular tenants like TJ Maxx, Ross Dress for Less, and Ulta Beauty. The deal was successfully closed, thanks to the efforts of brokers Brad Peterson and Whitaker Leonhardt from Colliers International, representing the buyer and seller respectively.