Twin Rivers purchases 42 acres in Berkeley County

Twin Rivers Capital LLC has purchased 42 acres in Berkeley County where it plans to develop a commercial center with retail shops and other tenants.

The Charleston-based real estate investment and development company bought the parcel at the intersection of S.C. Highway 52 and Cypress Gardens Road on Sept. 19 for an undisclosed price.

The company is developing Foxbank Towne Center, with more than 500,000 square feet of retail and office space, to service Foxbank Plantation, an 800-acre, master-planned community with more than 2,400 single- and multi-family homes.

The initial phase of the commercial center will include a grocery store and various retail and office uses to follow. Twin Rivers plans to break ground in January 2008. The entire Foxbank Towne Center is scheduled for completion by 2011.

Twin Rivers was founded in 2002 and operates mainly in the Southeast. Its properties range from freestanding single-tenant buildings to multi-use strip malls.

as provided by Charleston Regional Business Journal