Burroughs and Chapin finalize purchase of Barefoot Landing

Burroughs and Chapin finalize purchase of Barefoot Landing (Image 1)

MYRTLE BEACH, SC (WBTW) – Burroughs and Chapin Company announced Monday it had fianlized the purchase of the Barefoot Landing shopping plaza and tourist attratction.

According to a press release, the longtime Myrtle Beach development comany bought the 100 specialty stores, retail shops and restaurants surrounding a 27-acre lake located in North Myrtle Beach, just off US 17.

“When it was built, Barefoot Landing broke new ground as a shopping destination, and it remains a major attraction today,” said Steve Warner, senior vice president of capital strategies & investments for Burroughs & Chapin Company, Inc. “We're proud to be associated with the tradition and history that Barefoot Landing embodies. With the acquisition of this iconic property, Burroughs & Chapin is deepening our commitment to being the market leader in high quality retail and entertainment attractions in the Myrtle Beach area. We believe in the strength of the Grand Strand and its potential for long-term future growth.”

Barefoot Landing initially opened in 1988. Outparcels on the northern perimeter of the complex later became sites for Alabama Theatre, Alligator Adventure and House of Blues. Burroughs & Chapin's Barefoot Landing acquisition includes all buildings and land within the main complex. The three outparcels will remain independently owned. However, all shops, restaurants and other attractions, including those three, will continue to be marketed as one shopping, dining and entertainment destination.

“We're very excited to add Barefoot Landing to the Burroughs & Chapin portfolio of highly successful shopping, dining and entertainment properties,” said Walsh. “For more than 15 years, we've owned and managed Broadway at the Beach, which attracts 14 million visitors each year. We're looking forward to growing the number of visitors who come to Barefoot Landing. “

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