Serota Properties announced that it has closed the $25.2 million acquisition of the 118,440-square-foot, grocery-anchored Bluffton Shopping Center in the dominant coastal submarket of Bluffton, S.C., five miles from Hilton Head Island. JLL represented the seller, Jaz Development.
Built in 2017, the 99-percent-occupied Bluffton Shopping Center is anchored by Aldi, as well as the PGA Tour Superstore and Hobby Lobby. Additional tenants include First Watch, Tropical Smoothie Café, Sleep Number, Aspen Dental, The Spirited Hand and Boutique Nails.
Situated at 1121 to 1135 Fording Island Road, Bluffton Shopping Center benefits from the approximately 60,000 vehicles per day that pass along Fording Island Road, the only artery on and off Hilton Head Island. The center is home to the last grocer before entering the island. The property is also just 20 miles from the Port of Savannah, which has recently been named the fastest-growing port in the Unit
