M&M closes $4M shopping center sale

FORT LAUDERDALE - Marcus & Millichap Real Estate Investment Services announced the sale of Midtown at Forest Acres, a 695,000sf, lender-owned enclosed shopping mall at 3400 Forest Drive in Columbia, S.C. The property commanded a sales price of $4,429,000 representing $6.37 psf.

Senior Associate Bill Kohlhepp of the Fort Lauderdale office and Senior Associate Bill Buford Jr. of the Clinton, S.C., office represented the seller of the property, Richland Joint Venture Group LLC. The buyer was represented by R. Leon Jones Realty, Columbia, S.C.