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Hot Properties, Oct. 20, 2020

Staff Report //October 20, 2020//

Hot Properties, Oct. 20, 2020

Staff Report //October 20, 2020//

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Greyson Furnas of Colliers International assissted with the sale of a BP gas station in Anderson to North Point Investment LLC. (Photo/Provided)The BP gas station and convenience store at 4500 Highway 81 North in Anderson recently sold in a $2,070,000 transaction facilitated by Greyson Furnas of Colliers International on behalf of Ontop Inc.

The new owner, North Point Investments LLC, will continue to operate under the BP flag, according to a news release. The store is at Interstate 85’s Exit 27 and also serves as a Greyhound bus stop.

North Point Investments is a family-owned investment company that owns and operates multiple convenience stores and hospitality properties in Georgia. The BP in Anderson will be their first venture in South Carolina, the news release said.

“Convenience store commercial property transactions have remained stable throughout the pandemic in South Carolina, in part due to the essential business status of brick-and-mortar gasoline retailers,” Furnas said in the news release. “The quick sale of this asset on Highway 81 is indicative of this market resiliency and we look forward to seeing the success of this property under new ownership in Anderson.”

In other Hot Properties transactions:

Andrew Hewitt, Shane Knight and John Bauknight of NAI Earle Furman represented the landlord, Young Properties Inc, in leasing 12,000 square feet of industrial space at 105 Southport Road, Suite B, Spartanburg, to Wine and Gifts LLC.

Tim Satterfield of Coldwell Banker Commercial Caine represented Big Bend Falls LLC in the purchase of a 5,272-square-foot office building at 216 E. Henry St., Spartanburg, from Henry Street LLC. 

Pete Brett, David Sigmon and Matt Vanvick of Coldwell Banker Commercial Caine represented Holliday Ingram LLC in lease renewal and expansion negotiations for a 5,700-square-foot office space at 25 E. Court St., Suites 201 and 202, from landlord Kent Properties LLC. 

Brad Doyle, senior adviser and office specialist with KDS Commercial Properties, represented the buyer, Child’s Law Firm LLC, in the purchase of 20 Center St. in Travelers Rest for the relocation of their office.