Kmart property in Chesapeake sells for $3 million.

Kira Jenkins //April 29, 2015//

// April 29, 2015//

Listen to this article

Kin Properties has sold a parcel on South Military Highway in Chesapeake, currently occupied by Kmart and Sears Outlet, for $3 million.

According to Cushman & Wakefield | Thalhimer, the broker for the transaction, an affiliate of the Kotarides family purchased the property at 2001 S. Military Highway as an investment.

David Machupa and Chris Good of Thalhimer handled the sale negotiations on behalf of the buyer.

-

Related Content

L to R: Stephen Meadows, Rick West, Dorcas Helfant-Browning and Steve DuBrueler. Photo courtesy Coldwell Banker Premier.

Coldwell Banker Premier acquires Hampton Roads Coldwell affiliate

Winchester-based Coldwell Banker Premier has acquired Virginia Beach-based Coldwell Banker Now, merging into [...]

November 22, 2024

USS Wasp in Norfolk Ship Repair in June 2021. Photo courtesy BAE Systems.

BAE Systems lands $202M in Navy ship repair contracts

Falls Church-based BAE Systems Inc.’s Norfolk Ship Repair unit has received two U.S. Navy contracts worth a[...]

November 21, 2024

Armada Hoffler’s next CEO to assume role Jan. 1

Shawn Tibbetts, Armada Hoffler Properties’ president, chief operating officer and CEO designate, will becom[...]

November 19, 2024

Smithfield Foods to pay $2M to settle child labor claims

A subsidiary of Virginia-based Smithfield Foods has agreed to pay $2 million to settle allegations it hired c[...]

November 15, 2024

If Trump cuts federal workforce, Warner predicts ‘disaster’ for Va.

U.S. Sen. Mark Warner said Thursday he hopes President-elect Donald Trump won’t pursue massive cuts and[...]

November 7, 2024

Boykin retiring as NNS president; Wilkinson named as successor

Jennifer Boykin, the president of Newport News Shipbuilding, will retire at the end of the year, parent compa[...]

November 6, 2024

Regions

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Functional

Performance

Analytics

Others

Select Region or Brand

Upcoming Event