Hampton Station trades to new-to-market investment firm

Greenville, SC – Avison Young, a global real estate advisory firm, has brokered the sale of Hampton Station, an ±80,985 square-foot (sf) mixed-use development located at 1320 Hampton Avenue Ext., Greenville, SC to Charlotte-based Abacus Capital for $11.05M. The transaction marks Abacus’ entry into the Upstate South Carolina market.

Gary Lyons, CCIM, SIOR; Rob Howell, MBA; and Ned Reynolds of Avison Young’s Greenville office represented the seller, Urban Realty Partners, in the transaction. Connor Burke and Wes Boatwright of the firm’s Debt and Equity team in Washington, DC arranged the financing for the buyer. Abacus Partner Mason Ellerbe and Vice President Will McGinnis led the transaction for the firm.

Located 1.3 miles from downtown Greenville on the popular Swamp Rabbit Trail, Hampton Station is home to a diverse mix of retail and restaurant tenants anchored by extensive outdoor public green space to work, play and relax. The adaptive reuse of the cotton warehouses built in 1919 during Greenville’s industrial boom pays homage to the city’s rich history and character while meeting the needs of its current residents. Since 2019, multiple new multi-family developments have been delivered, resulting in over 700 high end residences within a half-mile radius of the development.

“Our team has been deeply involved in the growth of Hampton Station over the years by leading leasing, property management and now the sale of this place-making development,” said Lyons. “We’re pleased to attract a new-to-market investment firm with a strong track record such as Abacus and look forward to seeing Hampton Station continue to evolve into the ultimate live-work-play destination.”

“Abacus is excited to be entering the dynamic Greenville market with the acquisition of Hampton Station,” said Abacus Capital managing partner Wes McAdams. “While the legacy asset benefits from a favorable name recognition and familiarity within the right demographics in the local marketplace, we believe there is a great opportunity to continue to enhance and up tier the quality of the asset over our hold period.”

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