A national commercial real estate company has plans to breathe new life into a high-profile retail center in Spartanburg.

Legacy Commercial Property of Brentwood, Tenn., has purchased several properties across the country, including Cedar Springs Crossing in Spartanburg, with plans to make investments to improve the properties.

“With Spartanburg projected to see 2.7% growth over the next five years, the market presents substantial development opportunities,” Legacy said in a news release. “Currently 15% vacant, the center features a diverse mix of national and local tenants, including Subway, Bargain Hunt and Happy Nails.

At the intersection of Cedar Springs Road and Southport Road, Cedar Springs Crossing was built in 2000 and includes 75,662 square feet of retail space, according to a listing. The site includes a vacant Bi-Lo grocery store building that had two years of rent remaining at the time the property was listed for sale through Palomar.

The shopping center has six spaces available for lease.

Legacy said it’s making investments in communities by reimagining retail properties in emerging communities within the Sun Belt states. Bought at about the same time were properties in Jeffersonville, Ind.; Chattanooga, Tenn.; and Tahlequah, Okla. Legacy said it has redevelopment plans in all of them. The company has interests in at least 18 states, according to its website.

Spartanburg plans include new signage, parking lot improvements, repainting, landscaping cleanup and some facade alterations, according to a company representative. Additionally, there are plans for new development on the vacant land.

Legacy Commercial Property says it has a proven track record of identifying cities and towns poised for rapid growth. The company not only acquires and revitalizes strip centers but also partners with business owners to enhance shopping centers’ curb appeal, accessibility and property value through various new construction, redevelopment and beautification initiatives, according to the release.

Related: Apartments in Greenville and Spartanburg part of a $19M acquisition

Related: HOT PROPERTIES: Trinity Partners represents buyer in $5.1M Simpsonville transaction

“Our team takes pride in our role as dedicated stewards of the properties we own and manage,” Ben Hoogland, vice president of Legacy Commercial Property, said in the release. “With roots that span generations of the Hoogland family, we’ve built a strong reputation for positively transforming properties in secondary and emerging markets. Our commitment remains steadfast: to invest in communities for the long haul and to prioritize partnerships that drive sustainable growth, focusing on holding properties rather than flipping them.”

Legacy Commercial Property was born out of Family Video and its parent company, Highland Ventures, which also owns and operates Marco’s Pizza franchises, Highland Pure Water & Ice and Intune Physical Therapy. Built on a foundation of owning and operating nearly all Family Video real estate, the company has evolved into a commercial real estate enterprise. Led by the Hoogland family for generations, Legacy Commercial Property has refined its expertise in real estate management and development. Today, the company oversees more than 700 properties nationwide, according to the release.

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