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strip mall

Battlefield Shops, located at 1508 Sam’s Circle in Chesapeake. Photo courtesy S.L. Nusbaum Realty
Mar 29, 2024

Chesapeake strip mall goes for $3.15M

A 7,800-square-foot retail strip center in Chesapeake sold for $3.15 million, according to a March news release from S.L. Nusbaum Realty. Located at 1508 Sam’s Circle, Battlefield Shops has five tenants. It is shadow anchored by Walmart, Sam’s Club, At Home and Dollar Tree stores. Battlefield Freedom Wash sold the property to Grit Andrew LLC. […]

Sep 21, 2023

Henrico shopping center sells for $18.4M

Merchant’s Walk Shopping Center in Henrico County has sold for $18.4 million. Qi Lin, a local investor who in 2022 purchased the Southpark shopping center in Chesterfield County for $5.4 million, purchased Merchant’s Walk, according to Divaris Real Estate. Located at 7580 W. Broad St., Merchant’s Walk is at the intersection of West Broad Street […]

Ward Plaza's new owner plans to redevelop the Winchester shopping center. Photo by Will Schermerhorn
Aug 30, 2023

Winchester shopping center sale could revitalize area

During his time on Winchester City Council, Jeff Buettner recalls, plans to revitalize Ward Plaza shopping center were a frequent topic of conversation at every council retreat, going back as far as 1998. Now, as interim executive director of the Winchester Economic Development Authority, he believes that vision is coming close to fruition. “It is […]

May 4, 2023

Henrico strip mall, industrial buildings sell for $7.25M

Fernau LeBlanc Investment Partners has sold Wistar Center, a three-building flex industrial and retail portfolio, in Henrico County, to Prudent Growth Partners LLC  for $7.25 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced. The portfolio, at 8101-8157 Staples Mill Road, consists of approximately 49,092 total square feet, including a 20,436-square-foot Class A [...]

Apr 28, 2023

Va. Beach strip mall sells for $1.7M

The CheckSmart Plaza strip mall in Virginia Beach has a new owner.  5650 Virginia Beach Blvd purchased the strip mall at 5650 Virginia Beach Blvd. from the Lenhart-Frauenberg Partnership for $1.7 million as an investment, according to Cushman & Wakefield | Thalhimer. Built in 2006, the shopping center is 8,537 square feet, with tenants including […]

Jul 15, 2022

Colonial Heights shopping center sells for $5.45M

Q&L Realty LLC has purchased the Southpark Square Shopping Center in Colonial Heights from the Colonial Heights Land Associates Limited Partnership for $5.45 million, Divaris Real Estate Inc. announced Thursday. The 35,705-square-foot retail shopping center is located at 1829-1865 Southpark Blvd. in Colonial Heights. The shopping center is on 6.67 acres of land about 20 […]

Jan 24, 2022

Salem’s Spartan Square sells for $16.5M

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 […]

Jan 10, 2022

White Marsh Shopping Center sells for $4.1M

White Marsh Shopping Center in Gloucester County has sold for $4.1 million to Nexus Capital LLC. The seller of the property was White Marsh Properties LLC, which was the owner for more than 40 years. The shopping center, first developed in 1961, has 110,029 square feet, which includes 15,046 square feet of mini storage units […]

Dec 29, 2021

Falls Church strip mall gets new look

The shopping center formerly known as Falls Plaza in Falls Church has a new look and a new name: Birch & Broad. Renovations are now complete at the 144,000-square-foot strip mall, which is anchored by a Giant Food supermarket. Other tenants include Conte’s Bike Shop, CVS Pharmacy, Plaka Grill, Starbucks, Jersey Mike’s and Road Runner […]

Dec 27, 2021

Norfolk shopping center sells for $25M

A shopping center on Tidewater Drive in Norfolk with 20 acres of land sold for $25 million, Cushman & Wakefield | Thalhimer announced Monday. River City Capital LLC purchased the 246,000-square-foot Southern Shopping Center from Southern Shopping Center LLC. Situated on 20 acres, Southern Shopping Center is anchored by a Food Lion grocery store; other […]

Dec 17, 2021

Chesterfield’s Meadowbrook Plaza sells for $16M

Chesterfield’s Meadowbrook Plaza shopping center on Hopkins Road has been sold for $16 million, Colliers International announced Thursday. The 16.77-acre strip mall was sold by Premier RE FUND V LLC to UG Necessity Retail Fund 2 LP, also known as Unite Growth. The shopping center has 45,129 square feet and recently underwent a renovation. Some […]

Sep 10, 2021

Midlothian Crossing Shopping Center sells for $6.6M

Midlothian Crossing Shopping Center in Chesterfield County sold for $6.64 million on Sept. 9,  Cushman & Wakefield | Thalhimer announced Friday. The 87,938-square-foot strip mall is located at 8501 Midlothian Turnpike at the intersection of Midlothian Turnpike and Powhite Parkway. The property is 95.6% leased and is anchored by Big Lots and Goodwill retail locations. Catharine […]

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