West Ashley Shoppes sells for $22.57M in Charleston

A West Ashley retail center has sold for more than $22 million.

Continental Realty Corp., on behalf of Continental Realty Fund IV LP, has completed the $22.57 million sale of West Ashley Shoppes, a 136,000-square-foot retail power center at 946 Orleans Road in Charleston, to Ziff Real Estate Partners.

During its 10-year hold period, CRC executed a leasing strategy, including 10 new leases totaling nearly 44,000 square feet and four tenant renewals covering about 21,000 square feet, while implementing proactive asset management program that added value, according to a news release.

Tom Kolarczyk of JLL represented CRC and procured the buyer.

“The sale of West Ashley Shoppes represents the successful execution of our business plan and the realization of the value our team created throughout the hold period,” Haley Gallagher, chief operating officer of Continental Realty Corp., said in the release. “Through a disciplined leasing strategy and proactive asset management, we strengthened the tenant mix, backfilled the Bed Bath & Beyond anchor space, and positioned the center to serve a well-established retail corridor. This disposition also marks an important milestone for Fund IV as it is the last sale in the retail portion of the portfolio.”

Located in Charleston’s West Ashley retail corridor across from Citadel Mall, the center is anchored by Ross Dress for Less, World Market and Dollar Tree, which recently opened in the repositioned anchor space, and includes a mix of retail and service-oriented tenants.

Since entering the Charleston submarket in 2016, CRC has expanded its retail footprint to more than 600,000 square feet in the region, including the acquisition of the 510,000-square-foot Mount Pleasant Towne Centre; Sweetgrass Corner, anchored by Trader Joe’s, HomeSense and Golf Galaxy; and The Shops at Towne Centre Way.

The company also owns and manages four multifamily communities in the area totaling more than 900 units, including Central Island Square on Daniel Island, Sweetgrass Corner and The Six in Mount Pleasant, and Elevate at Brighton Park in Summerville (Nexton), which was acquired in early 2026.

CRC owns and manages a national portfolio of more than 8 million square feet of retail space and over 10,000 apartment homes across 15 states, with a total value of nearly $4.5 billion.