Shopping center in Virginia Beach sells for $2.19 million

Robert Powell, III// October 1, 2018//

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A Virginia Beach shopping center has been sold for $2.19 million.

The commercial real estate firm Cushman & Wakefield | Thalhimer reports that Regatta Limited LP sold the 58,721-square-foot Regatta Bay Shops located at 3636 Virginia Beach Blvd.

BB Regatta Bay Center LLC purchased the property, which sits on 2.97 acres, as an investment.

Janet Whitbeck of Cushman & Wakefield | Thalhimer handled sale negotiations on behalf of the buyer, while Ted Levin, also with Thalhimer, represented the seller.

The firm was also awarded the assignment for exclusive leasing and property management.

John P. Duffy Jr. and Levin are the exclusive leasing representatives, and Melody Almonte is the portfolio manager.

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