March 25, 2026
Continental Realty Corporation Completes $22.57 Million Sale Of 136,000 Square Foot West Ashley Shoppes In Charleston, SC
BALTIMORE, MD (March 25, 2026) – Continental Realty Corporation (CRC), on behalf of Continental Realty Fund IV, LP, has completed the $22.57 million sale of West Ashley Shoppes, a 136,000- square-foot retail power center located at 946 Orleans Road in Charleston, South Carolina, to Ziff Real Estate Partners. During its 10-year hold period, CRC executed a disciplined leasing strategy, including 10 new leases totaling nearly 44,000 square feet and completed four tenant renewals covering approximately 21,000 square feet, while implementing a proactive asset management strategy that added substantial value to the asset. Tom Kolarczyk of JLL represented CRC and procured the buyer in this sales transaction.
“The sale of West Ashley Shoppes represents the successful execution of our business plan and the realization of the value our team was able to create throughout the hold period,” said Haley Gallagher, Chief Operating Officer of Continental Realty Corporation. “Through a disciplined leasing strategy and proactive asset management, we strengthened the tenant mix, backfilled the Bed Bath & Beyond anchor space, and positioned the center to serve a well-established retail corridor. This disposition also marks an important milestone for Fund IV as it is the last sale in the retail portion of the portfolio.”
Located within Charleston’s West Ashley retail corridor across from Citadel Mall, The Shoppes at West Ashley is anchored by Ross Dress for Less, World Market, and Dollar Tree, which recently opened in the repositioned anchor space, and contains a mix of retail and service-oriented tenants.
Since CRC’s entry into the Charleston submarket in 2016, the company has expanded its retail footprint to more than 600,000 square feet of space in the region, including the acquisition of the 510,000 square foot Mount Pleasant Towne Centre; Sweetgrass Corner, anchored by Trader Joe’s, HomeSense, and Golf Galaxy; and The Shops at Towne Centre Way.
The company also owns and manages four multifamily communities in the local area totaling more than 900 units, including Central Island Square on Daniel Island, Sweetgrass Corner and The Six in Mount Pleasant, and Elevate at Brighton Park in Summerville (Nexton), which was acquired in early 2026.
Founded in 1960, Continental Realty Corporation is a vertically integrated, privately held commercial real estate and investment company specializing in the acquisition and operation of retail and multifamily properties. CRC owns and manages a diversified, national portfolio of more than eight million square feet of retail space and over 10,000 apartment homes across 15 states, with a total value of nearly $4.5 billion. Guided by a commitment to excellence and long-term value creation, CRC combines market insight, disciplined investment strategies, and a people-first approach to deliver exceptional results for investors, residents, and communities.
For additional information, visit www.crcrealty.com.
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