Wheeler REIT to acquire South Carolina shopping center for $9.4 million
Virginia Beach-based Wheeler Real Estate Investment Trust, Inc. has entered into a contract to acquire Butler Square, a shopping center in Mauldin, S.C., for $9.4 million or about $114 per square foot.
Built in 1987 and renovated in 2011, Butler Square is an 82,400-square-foot, grocery-anchored shopping center. Its tenants include Bi-Lo, Dollar Tree, Cato Fashions and Sally Beauty Supplies.
The center is approximately 6 miles southeast of Greenville Downtown Airport and approximately 12.6 miles south of Greenville-Spartanburg International Airport.
Wheeler REIT specializes in owning, acquiring, financing, developing, renovating, leasing and managing income-producing assets, such as community centers, neighborhood centers, strip centers and free-standing retail properties.
Wheeler’s portfolio contains properties, primarily leased by nationally and regionally recognized retailers of consumer goods and located in the Northeast, Mid-Atlantic, Southeast and Southwest.