Project Overview
Stanchion purchased a dated, +30,000 SF shopping center in 2017, and a value-add strategy was subsequently implemented, including a full façade renovation and horizontal refresh. Regal Cinemas was fully renovated into a state-of-the-art facility. Following the renovation, we developed a 4,000 SF freestanding restaurant (currently leased to Another Broken Egg). Immediate area tenants include Publix, Home Depot, Panera, Chick-Fil-A and a host of other national restaurants and retailers.
Development Attributes
Project TypeValue-Add & Vertical Development
MarketLexington, SC – Lake Murray submarket
Size / Scope30,000+ SF
Key Highlights
- Acquisition and comprehensive repositioning of 30,000+ SF center
- Full theater modernization for Regal Cinemas
- Ground-up 4,000 SF outparcel restaurant development (Another Broken Egg)
Notable Tenants & Uses
Regal CinemasAnother Broken Egg Cafe