The Providence Group is proud to share the success of our two incredible Raleigh brokers, Cristi Webb and Reagan Crabtree, as they were recently recipients of the Triangle Buisiness Journal’s 2024 Space Awards. The event honors the region’s top real estate developments and deals that’ve helped make the region one of the best in the country for real estate prospects. Congratulations and well deserved!
Category: The Providence Group
Homesense Hilton Head
Homesense Takes Anchor Space at Sea Turtle Marketplace in Hilton Head, SC, Market Debut and First Store Planned in South Carolina for New TJX Brand
Charlotte’s Providence Group Brokers Nearly 30K SF Deal for Retailer and Landlord, Greenberg Gibbons, which Acquired Community Retail Center in 2022
Charlotte, NC, November 14, 2023 – The Providence Group, a Charlotte-based retail real estate brokerage firm, executed a roughly 29,000-square-foot anchor lease with Homesense at Sea Turtle Marketplace in Hilton Head, SC. The newly redeveloped 100,000-squre-foot community center is located in the heart of Hilton Head Island’s retail corridor.
The Providence Group’s Melissa McDonald represented the tenant, while The Providence Group’s Darrell Palasciano and Matt Henry represented the landlord, Maryland-based Greenberg Gibbons.
The Providence Group’s Palasciano said, “The redevelopment of Sea Turtle Marketplace will continue to attract best in class retailers, restaurants and services to the Hilton Head and Bluffton region. With a robust seasonal market and expanding year-round population, Hilton Head visitors and residents seek new and dynamic retail experiences at which to shop, dine and visit. Our newest retailers, Golf Galaxy and Homesense, fill two retail categories that are perfectly programmed to serve the needs of the market.”
The Homesense brand is new to the market and the Sea Turtle Marketplace location will be the first in South Carolina when it makes its debut in Spring 2024. Greenberg Gibbons purchased the property in 2022 and this is the second major anchor announcement since its acquisition after Golf Galaxy joined earlier in 2023. The Providence Group expects the third and final anchor announcement in the coming months.
The site at 430 William Hilton Pkwy. offers high visibility and access along a key retail corridor where nearly 35,000 vehicles pass each day. The island attracts more than 2.5 million visitors annually.
Homesense is the latest retail experience from the TJX family of brands. The new home store offers an expansive selection of furniture, rugs, lighting, wall art, and décor from around the world. Homesense joins other retailers at the center including Starbucks, West Marine, Petsmart, Golf Galaxy, Gusto Ristorante, Tai Chi Massage Spa, Island Nail Spa, Blaze Beauty Studio, Jersey Mike’s, Orange Theory Fitness, and Parker’s Kitchen.
Coffee Break Podcast
TPG’s Darrell Palasciano takes the mic with Chad Lingafelt of Coffee Break Podcast to share his insight for leasing retail space. Darrell p犀利士
ulls from his 18 years of experience in retail development and leasing to offer some great tips for small or startup business looking to lease retail space. Be sure to tune – link below.
Darrell Palasciano & Matt Henry join the Brokerage Team
The Carolinas leasing team of Darrell Palasciano and Matt Henry have joined The Providence Group’s landlord division. Palasciano and Henry bring a combined, nearly three-decade track record as landlord advisors along with $600 million in career transaction volume totaling 3犀利士
million square feet.
Palasciano and Henry work as brokers out of The Providence Group’s office in Charlotte’s Southend. The team functions as strategic retail advisors with national, regional and local owners and developers in North Carolina and South Carolina. Both professionals play roles in leasing all types of retail.
“Many landlords point to the team’s proficiency in marketing and ability to spot new opportunities – whether it’s acquisitions, ground-up builds or value-add projects – as the reason they are so trusted and relied upon,” said Melissa McDonald, principal, The Providence Group. “The Palasciano-Henry team takes a methodical, customized approach to maximize the value of each retail asset and development.”