Business

Publix will anchor new Lexington shopping center

A new shopping center anchored by Publix is being built at the intersection of U.S. 378 and Charter Oak Road in Lexington, according to Columbia-based commercial real estate company Edens & Avant.

Construction of the 61,725-square-foot center is under way, the company said Thursday. Publix is set to open in about a year.

A mix of national and regional retailers, including restaurants and convenience stores, is planned for the center, which is 83 percent pre-leased, according to Edens & Avant.

Boat show continues at State Fairgrounds

The 47th Annual Boat Show continues through Sunday at the State Fairgrounds in Columbia. The show features 16 dealers displaying more than 300 boats as well as seminars on boating safety and maintenance and fishing. Admission costs $6 for adults and $2 for children under 12. Details: boatshowfairgrounds.com.

Tire importer has plans for Summerville facility

A tire importer began work this week on one of the Charleston region's largest standalone warehouses, while a Canadian apparel business is staffing up as it prepares to reopen a vacant distribution center. TBC Corp. plans to open the first half of its new 1.1 million-square-foot tire-import facility off I-26 near Summerville by November. The second phase should be completed by early 2011 and will employ 100. Meanwhile, Gildan Activewear will create about 250 new jobs this year at the former Mikasa warehouse.

Seeking a strategy for the new cruise season

After a November nightmare of traffic backlogs, staff from the State Ports Authority, the Charleston Police Department and City Hall huddled to find a strategy for the 2010 cruise season - which starts Monday. They decided on new routes to get passengers off East Bay Street as soon as possible. Security officers also will check credentials inside the terminal to prevent a line from forming outside the gate. The SPA is working to install more brown-and-white road signs marked with the cruise ship symbol, directing passengers through the city. And the SPA has launched a new e-mail system that alerts residents and merchants when a cruise ship comes to town.

Chrysler offers new deal to minivan buyers

Chrysler is offering a 60-day money-back guarantee on its minivans to attract customers who may be turned off by its financial troubles. The automaker says buyers can get the guarantee by trading any vehicle made by another automaker for a Dodge Grand Caravan or Chrysler Town & Country minivan. The offer runs through March 31. Buyers must drive the minivans for at least 30 days. If they aren't satisfied, they can return them to the dealer for a refund of the purchase price, minus registration and license fees. Anyone returning a minivan would not get their trade-in vehicle back.

Rates on 30-year fixed mortgages fall slightly

Rates on 30-year fixed mortgages fell slightly this week, dipping below 5 percent, the mortgage financier Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage was 4.97 percent this week. Rates fell to a record low of 4.71 percent in early December. They have held around 5 percent thanks to a Federal Reserve program to pump $1.25 trillion into mortgage-backed securities to try to keep rates low and make home buying more affordable. That program is set to end March 31.

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