Retail Review V1 2024 FINAL - Flipbook - Page 18
POWER CENTER
PERFORMANCE
CHARLESTON MSA
Power centers, which are outdoor shopping plazas anchored
by big-box retailers, have experienced growth in the
Charleston, SC area. These open-air centers offer convenience
and a variety of shopping and dining options, catering to the
region’s increasing population and consumer demand. By
way of example, Mt. Pleasant Towne Centre sold in 2021 for
$147M to a Baltimore-based investment 昀椀rm touting strong
cash 昀氀ow and opportunity to more growth.
Some Charleston-area examples of this category:
Mt. Pleasant Towne Center
Wando Crossing
Ashley Landing
North Rivers Towne Center
The Corner at Wescott