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Salem’s Spartan Square sells for $16.5M

Kroger-anchored shopping center is 91% leased

//January 24, 2022//

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Salem’s Spartan Square sells for $16.5M

Salem’s Spartan Square sells for $16.5M

Kroger-anchored shopping center is 91% leased

// January 24, 2022//

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Spartan Square, a 180,346-square-foot shopping center in Salem, has been sold for $16.5 million, Colliers announced on Jan. 18.

Spartan Square Limited Partnership sold the 91% leased shopping center to a joint venture between Essential Growth Acquisition Properties and Viking Partners. The shopping center is anchored by a Kroger and tenants include Dollar Tree, Pet Supplies Plus, Starbucks and Truist. It is located at 1425-1499 Main St. in Salem.

Will Bradley, Mark Williford, Peter Vick and Harrison Hall of Colliers International represented the seller.

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