Bandera Ventures Sells Promenade At Carolina Reserve To Eagles Enterprise For $34M

Bandera Ventures has sold Promenade at Carolina Reserve, a retail center located at US-521 & Jim Wilson Rd in Indian Land, South Carolina. The property spans 32.6 acres and features a total square footage of 221,054. The sale price for this transaction was $34,000,000, resulting in a price per square foot of $154. The buyer, an entity affiliated with Eagles Enterprise LLC, financed the purchase with a $21.4 million loan from Morgan Stanley Bank.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34,000,000
• Address: US-521 & Jim Wilson Rd
• Market: South Carolina
• Acres: 32.6
• Square Footage: 221,054
• Buyer: Eagles Enterprise LLC (affiliated entity)
• Seller: Bandera Ventures
• Buyer's Representative: Rikky Goswami - Insight Property Group
• Seller's Representatives: Jim Hamilton, Brad Buchanan, Tom Kolarczyk, and Andrew Kahn - JLL
• Lender: Morgan Stanley Bank

The sale of Promenade at Carolina Reserve marks an important transaction in the South Carolina retail market. The involvement of Bandera Ventures as the seller and their representatives, Jim Hamilton, Brad Buchanan, Tom Kolarczyk, and Andrew Kahn from JLL, showcases their expertise in the commercial real estate industry. On the buyer's side, Rikky Goswami from Insight Property Group served as the representative for Eagles Enterprise LLC, highlighting the strategic nature of the acquisition. The financing provided by Morgan Stanley Bank further solidifies the financial backing of the transaction.