MCM Partners Successfully Closes on Equity Raise for new Publix Anchored Retail Center in Florence, SC
Oct 15, 2025
Florence, SC – September 4th, 2025 –
MCM Partners is pleased to announce its participation as an equity partner in Palmetto Street Realty, a new real estate venture for the development of a Publix-anchored shopping center at the intersection of West Palmetto Street (US Highway 76) and South Ebenezer Road in Florence, South Carolina. MCM Partners is once again partnering with The Morgan Companies, the developer of the shopping center, in this endeavor. Construction on Palmetto Place is expected to commence by October 2025, with anticipated project completion in late 2026.
Parker’s Kitchen will join the project as the tenant on the corner outparcel. Known for its award-winning convenience stores that feature Southern-inspired food prepared fresh daily, Parker’s Kitchen is a fast-growing brand throughout the Southeast and will provide an attractive amenity for both shoppers and the surrounding community.
“Securing the land and welcoming Parker’s Kitchen to Palmetto Place represents another important step forward in delivering a first-class retail destination for Florence,” said Trey Morgan, President of The Morgan Companies. “Publix, Parker’s Kitchen, and the additional retailers to come will bring new energy and convenience to this growing area.”
Derek Copeland, Principal of MCM Partners, added “We are thrilled to once again partner with The Morgan Companies to offer another marquee Publix-anchored shopping center to our clients. The Morgan Companies has a strong track record of delivering successful projects to investors going back to 1977, and they’ve established themselves as a platinum level sponsor of essential retail projects across the Southeastern United States.”
The shopping center will feature:
- A 47,000-square-foot Publix supermarket
- Approximately 18,050 square feet of additional retail space
- Several outparcels for restaurants, services, and neighborhood retail
About MCM Partners
MCM Partners, founded in 2015 and based in Charlotte, North Carolina, is an investment firm focused on commercial real estate and alternative assets. The firm specializes in structuring transactions with developers aligned with national credit tenants and seeks to generate long-term value through opportunities that may have different risk and return characteristics than traditional equity and fixed income markets.
About The Morgan Companies
The Morgan Companies, headquartered in Charlotte, NC, is a full-service commercial real estate firm specializing in development, acquisitions, leasing, and property management across the Southeast. The firm has a strong track record of creating high-quality retail destinations anchored by best-in-class tenants.
About Publix
Consistently ranked as one of the most admired companies in retail, Publix generates more than $50 billion in annual revenue and holds no long-term debt, reflecting its financial strength and stability. Its strong credit profile and commitment to store ownership make Publix a premier tenant in the net lease and retail investment space.
About Parker’s Kitchen
Parker’s Kitchen is redefining convenience in the Southeast by offering fresh, Southern-inspired food made from scratch, including fried chicken tenders, macaroni and cheese, and sweet tea, alongside a state-of-the-art fueling experience. Recognized as one of America’s fastest-growing private companies, Parker’s Kitchen operates more than 75 locations across Georgia and South Carolina.
For media inquiries, please contact Amanda Parrish, Director of Investor Relations at aparrish@mcm-partners.com.