Publix-anchored center sells in S.C.

Agreement reached with out-of-state buyer

GVA Advantis negotiated the sale of the 60,933-square-foot Lexington Place Shopping Center in Lexington, S.C. The value of the transaction was $7.9 million, or $130 per square foot. Constructed in 1994, Lexington Place Shopping Center is located at 100 Old Cherokee Road on approximately 7.4 acres. At the time of sale, the property was 98 percent leased to nine tenants and is anchored by Publix. Lexington Place LLC, a limited liability company based in Columbia, S.C., sold the property to Maxxam Properties LLC, a Florida limited liability company. GVA Advantis is a full-service real estate firm operating in the Southeast and Mid-Atlantic United States. ...