A $107M deal to buy two Fort Mill properties sets record in a month of big sales
Two record-setting properties sold in April, including a Fort Mill deal that can lay claim to the biggest ever across the Rock Hill region.
LPL Financial buildings in Fort Mill sold for a combined $106.8 million, but the deal isn’t expected to impact the company. It’s a landlord change and not related to any job moves or losses, company spokeswoman Kendra Galante told The Herald.
The April 29 deal happened in two parts. One sale was $72.5 million, and the other was $34.3 million. 7D7 Property, a company affiliated with New York City-based investment firm US Realty Advisors, bought the two properties on LPL Way that combine for more than 16 acres.
The New York company acquired three large buildings in the Kingsley development between Textile Way, Kingsley Springs Boulevard and Wamsutta Mills Drive.
LPL Financial is a financial services firm that came to Kingsley in 2016. The company touted 3,000 jobs and a $150 million investment to create its headquarters there, alongside healthcare company Lash Group.
The largest single property sale on record in the Rock Hill region, according to online information from all three area counties, is a $106 million industrial park sale in Fort Mill from late 2023. That property near Carowinds includes the Silfab Solar site on Logisitics Lane. Combined, the two LPL building sales last month would slightly top that deal.
A price Rock Hill apartment complex sale
Split into its separate parts, though, the LPL site in Fort Mill wasn’t even the largest sale last month.
A company called Summit Rock Hill bought the Paces River Apartments in Rock Hill for $77.9 million. The April 2 sale is the most expensive in the three-county Rock Hill region since that Fort Mill industrial park deal in 2023.
But the Paces River deal came at a discount compared to the last time it sold, in early 2022 for $85 million. That transaction was a record amount for a property sale in York County when it happened, according to county land records.
The more than 36-acre Paces River site includes three-story apartments, a clubhouse and other buildings on Paces Landing Avenue, near Riverchase Boulevard. Most date back to the late 1980s.
More Rock Hill region million dollar sales
April brought a host of other large land deals across York, Lancaster and Chester counties. They include:
▪ York County Natural Gas Authority bought two Schlumberger Drive properties in Fort Mill on April 18 for $6.8 million. The combined 28 acres includes a 35,000-square-foot office and distribution warehouse built in 1987. Schlumberger is off Coltharp Road, just east of Interstate 77.
▪ Store Master Funding bought two York properties on April 3 for $5.2 million. They’re at 1315 Hunter St., just west of Alexander Love Highway. The sites combine for about 6 acres. Industrial buildings take up almost that entire acreage.
▪ The Best Western hotel at 888 Riverview Road in Rock Hill sold on April 17 for $5.1 million. Madhav 24 out of Camden bought the nearly 33,000-square-foot property built in 1998.
▪ Homebuilder Lennar Carolinas bought another 78 lots in the Elizabeth subdivision in Fort Mill. A $4.4 million deal on April 11 includes 43 new home lots on Potters Wheel Drive and Skyboat Circle. On April 21, Lennar bought another 35 lots on Skyboat, Potters Wheel and Otter Perch Lane for $3.6 million.
Elizabeth, off Fort Mill Parkway, will have more than 1,300 homes, townhomes and apartments. Buildout is close on the western side of the parkway, and clearing is now underway on the eastern side.
▪ An Arizona company bought the Tractor Supply property at 802 E. Liberty St. in York. The $4.3 million deal on April 21 includes two parcels at 10 acres. The larger one has the more than 41,000-square-foot supply and garden center store built in 1988, and formerly owned by Walmart.
▪ Dependable Development bought more than 75 acres on Bethel Boat Landing Road in Lancaster County for $3.6 million. The Monroe, North Carolina, company acquired the undeveloped site near Edgewater, in southern Lancaster County, on April 15.
▪ More than 77 acres of commercial property at 955 Caterpillar Dr. in Rock Hill sold on April 9 for $3.3 million. Connecticut-based Trimac Rock Hill bought the vacant site with frontage on I-77 and Lazy Hawk Road. It’s right beside CAT Real Estate Holdings property and a KCS Icebox property primed two years ago for a cold storage warehouse.
▪ Paragon Site Solutions in Charlotte bought 39 acres of Lake Wylie property on April 28 for $2.3 million. The former Forestar Real Estate Group, Fielding Homes and Crescent Resources property is slated to become the Allison Meadows subdivision. It’s between Hands Mill Highway and Little Allison Creek, just north of the Creeks Edge subdivision.
▪ Commercial property at 2976 Hwy. 21 in Fort Mill sold on April 22 for $1.5 million. The corner lot at U.S. 21 and Old Nation Road sits on a major connection between Springfield Parkway and the Carowinds corridor, near I-77. Two private owners out of Charlotte were the buyers.
▪ Convenience store company QuikTrip bought two Lancaster County properties on April 22 for $1.5 million. They’re at the corner of U.S. 521, or Charlotte Highway, and Craig Manor Road. That’s beside the Lancaster Chevrolet car dealership.
▪ Charlotte-based Wickenheiser Properties two properties in Heath Springs that combine for 281 acres. They’re on Mount Carmel Road and Tate Lane, just south of Hoke Road in southern Lancaster County. The April 22 sale was for $1.2 million.
▪ King Commercial Holdings in Charleston bought more than 2 acres in Fort Mill for $1.1 million. The April 14 deal involves a corner piece at Grant Farm Drive and the Berkley Hall Way roundabout. It’s surrounded by residential properties in The Towns at Grant Farm and Forest Grove subdivisions.
Million-dollar home sales in York, Lancaster counties
The Rock Hill region had more million-dollar home sales than commercial ones last month. There were 22 residential properties that hit the $1 million mark, including the region’s first sale of the year at more than $2 million.
That $2.4 million deal in Lancaster County wasn’t typical, as it was a smaller (1,100 square feet) and older (2007) home compared to the other million-dollar residences. It is, though, on 416 acres in Lancaster. The second most expensive home sale last month also was in Lancaster, near the Catawba River.
Fort Mill had the most million-dollar home sales, with 10.
Lake Wylie had four, while Rock Hill, Lancaster and Tega Cay each had two. Indian Land and Clover added one each. For more information on those sales, use the map below. Blue icons are April sales. Black ones are million-dollar home sale from January through March.
