June 18, 2026
Continental Realty Corporation Completes Strategic Disposition Of Sweetgrass Corner And The Shops At Towne Centre Way
BALTIMORE, MD (June 18, 2026) – Continental Realty Corporation (CRC) has completed the sale of Sweetgrass Corner and The Shops at Towne Centre Way in Mount Pleasant, South Carolina. The properties, located at 1903 and 1909 Highway 17 North, total 95,370 square feet and were 100 percent leased at the time of sale. The sale concludes a successful repositioning of the adjacent retail assets, which CRC acquired in 2022 as part of a broader strategy to enhance and strengthen the retail environment surrounding Mount Pleasant Towne Centre, the company’s adjacent 510,000-square-foot lifestyle center.
CRC acquired the property, located immediately adjacent to Mount Pleasant Towne Centre, to help ensure it evolved in a manner consistent with the quality, merchandising and customer experience associated with the broader trade area. At the time of acquisition, Sweetgrass Corner was a mostly vacant neighborhood shopping center approximately 33 percent leased and included a 59,824-square-foot former BI-LO grocery store that had remained vacant for more than two years.
“We saw an opportunity to reposition an underperforming asset, elevate the tenancy and create a stronger retail environment alongside Mount Pleasant Towne Centre,” said Haley Gallagher, Chief Operating Officer of Continental Realty Corporation. “The transformation of Sweetgrass Corner reflects the strength of our operating platform, our retailer relationships and our conviction in the Mount Pleasant market. We are proud of the outcome and the value created through our team’s execution.”
Through significant capital investment, strategic leasing and active asset management, CRC transformed the property into a fully leased retail destination anchored by Trader Joe’s, HomeSense and Golf Galaxy. The transformation was driven by CRC’s vertically integrated operating platform and longstanding relationships with leading national retailers.
“Our leasing strategy focused on assembling a tenant mix that would strengthen the overall trade area while complementing Mount Pleasant Towne Centre,” said Kristina O’Keefe, Senior Vice President, Retail Operations for CRC. “The result is a collection of retailers that serves the community exceptionally well and positions the property for long-term success.”
Today, CRC owns and manages approximately 10 million square feet of retail real estate, making it one of the largest privately held retail owners and operators in the United States. CRC remains invested in the Charleston region through its ownership and operation of Mount Pleasant Towne Centre, one of the most significant assets within the company’s portfolio.
Mount Pleasant Towne Centre continues to experience strong momentum and has undergone a meaningful evolution in its merchandising mix in recent years, including Lilly Pulitzer, M. Dumas and Sons, and Ballard Design. The center also expects to welcome several additional new-to-market concepts in 2026, further enhancing its position as one of the region’s premier retail, dining and lifestyle destinations. Through ongoing investment, community programming, community partnerships and strategic leasing, Mount Pleasant Towne Centre continues to serve as a gathering place for residents and visitors throughout the Charleston region.
CRC’s presence in the market extends beyond retail. The company owns and manages approximately 1,000 apartment homes throughout the Charleston region, including communities in Mount Pleasant, Daniel Island and Summerville.
Across its retail and multifamily platforms, CRC’s vertically integrated operating platform spans acquisitions, asset management, leasing, property management and development, enabling CRC to create long-term value across both business lines.
Founded in 1960, Continental Realty Corporation is a vertically integrated, privately held commercial real estate investment and management company specializing in the acquisition and operation of retail and multifamily properties. CRC owns and manages a diversified national portfolio of more than 10 million square feet of retail space and more than 10,000 apartment homes across 16 states, with a total value of approximately $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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