A premier coastal shopping center in the Charleston area is now under new ownership for the third time in its 17-year history.
Edens, a Colombia-based national property owner, operator and developer, announced on June 15 that it had acquired Freshfields Village between Kiawah and Seabrook Islands at the southern end of Betsy Kerrison Parkway.
The new owner did not disclose financial terms, and the deed was not immediately available at the Charleston County Deed Registry office.
The 191,850-square-foot mall, anchored by the Harris Teeter supermarket, last changed hands for $59.8 million in 2013, when New York’s Northwood Investors acquired the roughly 23-acre property from Kiawah Partners.
“We are honored and thrilled to become stewards of Freshfields Village,” said Jodie W. McLean, CEO of Edens. “Through its thoughtful programming and activation of public space, this iconic property has earned its reputation as a place where lasting memories and bonds are forged – a philosophy that fits perfectly with our mission to enrich the community.”
She called Freshfields “a mainstay of the Lowcountry” and noted its optimism about the mall trade.
“I’ve never been more optimistic about physical retail than I am today,” McLean said. “I think we will still have some retail resizing in this country, but our foot traffic is up from pre-Covid numbers. … Stores that are integrated into designed neighborhoods where people come together are very We think Freshfields fits that model perfectly.”
The mall, which is 99% occupied, is home to more than 70 retailers, restaurants and service-oriented businesses. It is also the site of more than 80 public events throughout the year.
The mix of merchants at Freshfields includes national, regional and Lowcountry companies such as Lululemon, Faherty, Bluemercury, Johnny Was, Vineyard Vines, Las Olas, GDC Home and The Co-Op. Several major banks also operate branches on site.
Edens was founded in the state capital of Palmetto in 1966 and now has a portfolio of 110 properties across the United States in Atlanta, Austin, Boston, Charlotte, Dallas, Denver, Hartford, Houston, Los Angeles, Miami , San Diego, San Francisco, Seattle and Washington, D.C.
Almost all of the company’s malls are outdoor shopping destinations.
In South Carolina, Edens’ holdings include Trenholm Plaza, Crosshill Shopping Center and Columbiana Station, all in Colombia.