Summerville Plaza, future home of a Harris Teeter supermarket, is sold in $13.35 million deal
The future home of a Harris Teeter supermarket in Summerville has been sold to a North Carolina real estate investment firm.
Charlotte-based Ferncroft Capital it purchased The Summerville Plaza Shopping Center at 680 Bacons Bridge Road this month for $13.35 million, or about $11 a square foot.
The seller was an affiliate of Los Angeles-based MAB Rosenthal, Dorchester County property records show.
Ferncroft Capital has renamed the 13-acre property Sawmill Village.The new owner also is renovating the 121,000-square-foot center, which is near the Sawmill Branch Canal. Construction is scheduled to wrap up in fall 2014.
The shopping center previously had been anchored by a Piggly Wiggly supermarket, which closed in April after its 20-year lease expired.
Harris Teeter, which is being sold to Kroger, has not said when it plans to open at the Summerville site.