![]() ![]() purchased the property for nearly $13.9 million. In August, Lumina Commons retail center, which sits behind Lumina Station and is anchored by Harris Teeter, also was sold to a real estate investment trust when Phillips Edison-ARC Shopping Center REIT Inc. ![]() These properties have unique environments where people want to shop and where retailers want to locate their business.” “A cornerstone of our company’s investment strategy is to acquire properties with enriching environments that are the center of retail, dining, and entertainment within their submarkets. Apple Jr., president and CEO of Burroughs & Chapin Company, said in the release. “Lumina Station embodies all the characteristics that Burroughs & Chapin looks for as we work to build a best-in-class retail portfolio that will create long-term value for our shareholders,” James W. Lumina Station is the company's only property in Wilmington, Gainer said. It also has a number of commercial properties it develops, leases and manages. Its portfolio includes the 350-acre Broadway at the Beach complex, and the company bought the 100-acre Barefoot Landing in North Myrtle Beach last year. Lumina Station opened in 1996, and its tenant lineup includes 13 stores, six restaurants and cafes and four service businesses, officials said.īurroughs & Chapin is a family-owned company and is one of South Carolina’s largest private landowners, according to the firm’s website. He said he was “confident” the new owners would continue to invest in the center’s original vision “and take it to the next level.” “It is a pleasure to have the opportunity to pass Lumina Station on to Burroughs & Chapin, a company that has a strong track record of owning and managing exceptional retail properties like Lumina Station,” Joel Tomaselli, owner and general manager of Lumina Station, said in the release. Offices in the Phase II portion not included are condo units that are individually owned, she said. The deal included all of the center's Phase I retail and office space as well as the retail section of Phase II, Gainer said. Lumina Station Commercial purchased Lumina Station LLC for about $8.7 million and Lumina Station II LLC for $5.8 million. Company officials did not disclose the purchase price.Īccording to a deeds filed with the New Hanover County Register of Deeds office, the total transaction was more than $14.5 million. The development includes a variety of boutique shops, dining, and commercial offices. The purchase took place April 3, said Lei Gainer, spokeswoman for Burroughs & Chapin. Lumina Station is a multiple phased unique mixed use shopping village located in Wilmington, NC near Wrightsville Beach. ![]() bought 68,794 square feet of retail and office space at 1900 Eastwood Road, according to a news release. Where applicable, times have been established using relevant sources ( .uk/ .uk).A Myrtle Beach-based real estate investment trust has bought Lumina Station, the company announced Tuesday.īurroughs & Chapin Company Inc. All distances or journey / travel times are approximate and may not be direct.All assets starting in month 14 will work in Luminar AI. Through the 13th month of Membership you’ll get Looks and Templates compatible with. Maps are not to scale and show approximate locations only. You’ll still get creative assets through the end of your paid annual subscription, but if you cancel, your subscription will not automatically be renewed for another year.The dimensions are not intended to be used for carpet sizes, appliance sizes or items of furniture. All measurements may vary within a tolerance of 5%. Floorplans shown are for approximate measurements only.Choices and options are subject to timeframes, availability and change. A number of choices and options are available to personalise your home. Berkeley Group plc reserves the right to make these changes as required. In such cases, a similar alternative will be provided. LUMINA STATION UPDATEBerkeley Group plc reserves the right to alter, amend or update the specification, which may include changes in the colour, material and / or brand specified. Your attention is drawn to the fact that in rare circumstances it may not be possible to obtain the exact products or materials referred to in the specification.In line with our policy of continuous improvement, we reserve the right to alter the layout, building style, landscaping and specification at any time without notice. Site Plans / Site Maps are indicative only and subject to change.Where applicable, images, CGIs and photography are indicative only. ![]()
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