JLL closes sale of retail center in Aiken, South Carolina
Hitchcock Plaza is in an affluent suburban Augusta, Georgia, community
ATLANTA, September 24, 2019 – JLL announced today that it has closed the sale of Hitchcock Plaza, a 252,311-square-foot, 88.7%-leased, dominant retail center in Aiken, South Carolina.
Hitchcock Plaza is the premier shopping center in Aiken and home to 19 national and regional tenants, including an anchor line-up of national and credit-worthy tenants such as Ross Dress for Less, TJ.Maxx, Bed Bath & Beyond, Academy Sports, Old Navy and Petco. The sale includes a .85-acre outparcel development site that could be used to expand the center. Situated on 24.04 acres at 427 Fabian Drive, the property is in a dominant retail hub in Aiken. More than 30,000 residents earning an average annual household income of more than $92,000 live within a three-mile radius of the property, but Hitchcock Plaza’s nearest competition is at least 25 miles away in Augusta, so the property serves an extended trade area. Additionally, the property is at the highly trafficked intersection of Whiskey, Pine Log and Silver Bluff Roads, which results in visibility to approximately 68,500 vehicles per day.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com