Manchester Village Shopping Center Sold for $32.5 Million
A Florida-based investment firm has acquired the 21-acre retail property in Rock Hill from a Charlotte seller.
Updated on Oct. 15, 2026 in Commercial
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Core Power Manchester Village, an affiliate of Sterling Organization, recently finalized the purchase of the Manchester Village shopping center. The transaction covers 150,000 square feet of retail space located at 542 John Ross Parkway.
Why it matters
This acquisition represents a significant transfer of ownership for a major retail hub in Rock Hill, ending a two-decade tenure by the previous owner. The deal highlights ongoing capital movement in the regional commercial real estate market.
The property spans 21 acres and includes more than 150,000 square feet of retail space. The deal encompasses acreage situated between the Olive Garden restaurant and the Manchester Meadows sports complex.
The players
Core Power Manchester Village
This entity is an affiliate of the Florida-based Sterling Organization that purchased the retail property.
Southern Real Estate Company
Headquartered in Charlotte, this firm owned and managed the retail site for twenty-four years before selling it.
The details
The shopping center was sold by the Charlotte-based Southern Real Estate Company, which had held the property since 2002. The new ownership structure consists of a Florida-based private equity affiliate acquiring both big box and small strip retail spaces.
Timeline
Southern Real Estate Company began ownership of the site in 2002.
The Manchester Village shopping center sale concluded on October 9, 2026.
Culture Shift
The sale of this shopping center follows a broader pattern of high-value real estate transactions in York and Lancaster counties, building on the $84.6 million in property deals recorded in October 2025. This transaction updates the figures for regional real estate activity by adding another multimillion-dollar deal to the area's recent commercial turnover.
The transition in ownership may eventually lead to changes in lease agreements or the mix of retail tenants operating at 542 John Ross Parkway. Residents and shoppers can monitor the site for updates regarding potential site upgrades or new store openings.
The takeaway
Commercial real estate sales of this size often signal long-term shifts in how major retail hubs are managed and curated for the public. Investors and local residents should watch how the new ownership group alters the tenant composition over the coming months.
Further reading
For more on the local market, explore recent Commercial listings and activity in Rock Hill.
Source note: This article includes information reported by The Herald.
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