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South Carolina /Lowcountry News

Sept. 6 - Kroger Announces the Purchase, Redevelopment of The Mall at Shelter Cove

Sept. 6, 2011 - A real estate affiliate of The Kroger Co. has purchased The Mall at Shelter Cove, located at 24 Shelter Cove Lane in Hilton Head, S.C., on Aug. 10.

The closing officially transferred ownership of the 42-acre parcel and approximately 300,000 square feet of existing retail space to The Shelter Cove Town Center, LLC.

“The Mall at Shelter Cove is a premier property for Hilton Head Island and the Beaufort County region,” says Glynn Jenkins, director of public relations and communications for Kroger’s Atlanta Division, which includes South Carolina, Georgia, Northern Alabama and Eastern Tennessee. “We look forward to bringing to life this property’s full potential in a manner that serves residents and visitors.”

Augusta, Ga.-based Blanchard & Calhoun Commercial Corp. has been named development partner for the project, which will include a Kroger store. For 85 years, Blanchard & Calhoun has served the Southeast as a real estate development and commercial brokerage firm, specializing in retail, multifamily, residential and hotels. It is renowned for providing clients with professional service, its passion for excellence and a commitment to balancing real estate development while respecting the natural ecosystem.

While redevelopment plans are still being explored, they are anticipated to range from the construction of new retail space to the addition of residential units. Final plans will be announced at a future date.

“Kroger’s Atlanta Division operates 214 stores, 11 of which are in South Carolina communities,” Jenkins says. “We look forward to expanding our presence in the state and serving shoppers with the value; variety of products, services and amenities; and local charitable support our customers expect.”

Potential tenants should contact Mark Senn with Blanchard & Calhoun at (706) 854-6714 for information about leasing opportunities.

Published by Savannah Business Journal.®All Copyrights Reserved ©2011.®

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