Sign In
Free Newsletter
Upon its opening, Trader Joe’s will occupy a portion of the site formerly anchored by a BI-LO supermarket, which was shuttered as part of a strategic decision by its parent company in 2019. CRC is working with two other tenants to fill the remaining space in the former BI-LO box and expects to announce signed leases shortly. (Continental Realty Corporation photo)
Baltimore’s Continental Realty adds Trader Joe’s grocery to SC-owned retail shopping center
Baltimore-based real estate investment and management company Continental Realty Corporation Friday announced it has signed a 14,000-square-foot lease to bring the Trader Joe’s grocery chain to Sweetgrass Corner, its 90,000-square-foot shopping center in the Charleston, South Carolina, area.
The lease with the California-based grocer, which operates more than 570 stores across the country, brings the occupancy rate of the shopping center to 82%. CRC acquired Sweetgrass Corner in 2022.
As a neighborhood grocery store, every Trader Joe’s store donates 100% of products that go unsold but remain fit to enjoy to a wide range of food banks and food recovery agencies, seven days a week. In 2023, the company donated more than $469 million worth of food and beverages to nonprofit partners in communities across the country. Trader Joe’s began in 1967 in the Los Angeles area and has since expanded to more than 545 stores in 42 states and the District of Columbia.
Continental Realty owns and manages a diversified portfolio of retail centers consisting of almost 8 million square feet of commercial space and more than 9,000 apartment homes across 11 states, with a portfolio value exceeding $3.7 billion.
