Marcus & Millichap, a commercial real estate brokerage firm, announced May 5 it sold Windsor Place Shopping Center, a 10-suite retail shopping center in Anderson, for $5.9 million to an affiliate of AnMed Hospital system.
The property was sold through an online auction, which resulted in 138 signed confidentiality agreements, 13 registered bidders and a winning bid that came in 64% above the reserve price.
“Bidding for Windsor Place was highly competitive, with interest from both developers and users,” said Andrew Margulies, senior managing director investments with Marcus & Millichap. “The buyer plans to convert the property into a medical facility for AnMed Hospital System, which will further strengthen the area’s dynamic growth. The property is located in between two AnMed Hospital campuses, which makes Windsor Place a strategic location.”
The 82,267-square-foot, multitenant shopping center at 1520 E. Greenville St. is 25% occupied and anchored by national tenants including Goodwill and ATI Physical Therapy. A date for the property’s redevelopment was not announced.
