How Matthews™ Executed a Smooth Retail Exchange in a High-Demand Market with Limited Inventory

Matthews™ agents facilitated the sale of The Inman Center, a 45,831 square-foot, 100% occupied retail property in Inman, South Carolina. The center offered a strong operating history, stable in-place income, and clear upside through below-market rents and future outparcel development potential.

 

The seller, a Southeastern ownership and management group with a portfolio totaling approximately three million square feet, identified this asset as their final holding in South Carolina.

 

Execution

The agents leveraged long-standing relationships and consistent owner outreach to create a seamless transaction process. With very minimal obstacles throughout the deal, the strategy focused on aligning the property’s strengths with a qualified buyer whose objectives matched the opportunity.

 

The buyer, following the sale of a large land tract of roughly 50 acres, sought to complete a 1031 exchange into an income-producing property within a familiar market. The agents highlighted the asset’s stability, local market growth in the Upstate region, rental upside, and long-term value creation potential. In addition, they connected the buyer with the appropriate local and national contacts to support due diligence and ensure execution certainty.

 

Outcome

The Matthews™ agents successfully guided both parties to a smooth closing that met each side’s strategic objectives. The seller was able to efficiently liquidate their final asset in South Carolina at a strong cap rate, streamlining their geographic footprint. The buyer successfully deferred capital gains through a 1031 exchange and reinvested into a fully occupied retail center offering immediate income, long-term appreciation, and future development potential.

 

This transaction highlights the value Matthews’™ agents bring through market insight, trusted relationships, and disciplined execution.