Bluffton’s Retail Scene Transforms with $18.75 Million Sale of Target Center

Bluffton’s Retail Scene Welcomes a New Chapter

Bluffton, SC, has recently seen an exciting development in its retail landscape. On October 28, 2024, it was announced that the Bluffton Target Center, a bustling shopping hub, has sold for an impressive $18.75 million. This 100,314-square-foot center is located conveniently close to beautiful Hilton Head Island and boasts some well-known tenants, including Target, Dick’s Sporting Goods, and Starbucks.

A Stellar Shopping Destination

With a staggering 2.7 million annual visits, the Bluffton Target Center is one of the top three most-visited shopping centers within a 50-mile radius. Notably, the center was fully occupied at the time of the sale, with tenants enjoying an average tenure of 12 years. Zach Taylor, who is a senior managing director of investments at Institutional Property Advisors (IPA), represented the seller, Stafford Bluffton LLC, and successfully found a buyer in Tarantino Properties Inc., as reported in a recent release.

Why Bluffton Is Booming

What’s driving the attention toward Bluffton? Well, the town’s population has skyrocketed by more than 120% since 2010, making it the fastest-growing municipality in South Carolina! Taylor highlighted the area’s immense appeal, saying, “Bluffton is becoming more vibrant and attractive to both residents and businesses alike.”

The shopping center faces the busy U.S. Highway 278/Fording Island Road, a vital highway that serves as the main retail corridor linking Bluffton to Hilton Head Island. This route proves essential for shoppers, as it handles approximately 50,300 vehicles per day. Surrounding the center, there’s also close to 2.8 million square feet of retail space, making it a central hub for shopping and dining.

What Can Shoppers Expect?

The Bluffton Target Center, established back in 2001, sits on more than 10 acres of land. It features an impressive line-up of tenants. Besides the anchor stores like Dick’s Sporting Goods and Staples, it also includes popular spots such as Honey Baked Ham, and Bluffton Braces. Other notable names include Advance America, Giuseppi’s Pizza & Pasta, Cricket Wireless, and La Hacienda. All of these options create a lively environment where consumers can shop for everything they need.

The Future Looks Bright

With continued growth forecasted for Bluffton, it’s safe to say that this charming town will remain a focal point for retail in the area. The new ownership of the Bluffton Target Center is sure to have exciting plans for the future, keeping shoppers engaged and attracting new visitors looking for a rewarding shopping experience.

Conclusion

The recent sale of the Bluffton Target Center not only highlights the area’s potential but also signifies confidence in Bluffton’s ongoing prosperity. As local businesses thrive and the population continues to rise, residents and visitors alike can look forward to a shopping experience that is versatile, accessible, and enjoyable.

Stay tuned for more updates as Bluffton continues to grow and evolve. The retail landscape is bound to see exciting changes that will delight shoppers for years to come!