Chapin, SC – Aztec Group Inc. secured $ 10.8 million in debt and equity for the acquisition of Chapin Crossing, a 72,714 square foot shopping center anchored at Publix in Chapin. Jason Shapiro, Sean Harrington and Joel Zusman of the Aztec Group secured financing on behalf of the buyer, a partnership led by affiliates of CF Properties Corp, based in Miami. A Missouri-based life insurer granted the 10-year loan, which includes a fixed interest rate below 3 percent.
Located at 1235 Chapin Road, Chapin Crossing was built in 2017 and is situated on the southwest corner of Chapin Road and Lexington Avenue on 13.6 acres. The property includes a 45,600 square foot Publix, 13,950 square feet of online retail space and a 13,164 square foot multi-tenant outparcel. Mall renters include Anytime Fitness, Marco’s Pizza, Bank of America, Palm Beach Tan, Pacific Dental, Jersey Mike’s, Verizon Wireless and Palmetto Health.