Premier grocery-anchored shopping center secures $14.3M refinancing in South Carolina

DENVER, Aug. 27, 2025 – JLL Capital Markets announced today that it has arranged a $14.3 million refinancing for The Plaza at East Cooper, a 102,731-square-foot grocery-anchored retail center located in Mt. Pleasant, South Carolina.

JLL represented the borrower, Bamoza LLC, a Private Investor, in securing the loan through an Insurance Company lender.

The Plaza at East Cooper is strategically located at 607-629 Johnnie Dodds Blvd. in Mt. Pleasant's highly sought-after retail corridor. This prime location provides excellent visibility and accessibility, with frontage on Johnnie Dodds Blvd. and traffic counts exceeding 48,000 vehicles per day.

Built in 1975, the retail center is 85% occupied by a diverse tenant mix including restaurants, retailers and service-based tenants. The property is anchored by ALDI, which ranks as the fourth most visited ALDI location in South Carolina. Other tenants include Firehouse Subs, Batteries Plus Bulbs and 843 Nail & Spa.

The Plaza at East Cooper benefits from its location in an exceptionally affluent trade area, with average household incomes exceeding $188,000 within a one-mile radius. The property has experienced strong visitor growth, with visits increasing 21.6% over the past three years.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Executive Managing Director Eric Tupler, Director Rob Bova and Senior Analyst Ellie Savage, with help from local market expert Alexis Kaiser.

"The Plaza at East Cooper represents a unique opportunity in one of Charleston's most desirable submarkets," said Tupler. "The property's strong performance, coupled with planned renovations and exceptional demographics, positions it well for continued success."

"The Mt. Pleasant retail submarket continues to demonstrate strong fundamentals with just 2.8% vacancy and consistent rent growth," added Bova. "Grocery-anchored retail assets in high-barrier-to-entry locations continue to attract favorable financing terms despite the current interest rate environment."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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