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Norfolk shopping center sells for $25M

Southern Shopping Center is anchored by Food Lion

//December 27, 2021//

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Norfolk shopping center sells for $25M

Norfolk shopping center sells for $25M

Southern Shopping Center is anchored by Food Lion

// December 27, 2021//

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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 tenants include Shoe Dept., GameStop, The Athlete’s Foot, Sally Beauty Supply, Dollar Tree, H&R Block, America’s Best Wings and Rent-A-Center, among others. The property also has standalone buildings, including a Ruby Tuesday restaurant, Chartway Federal Credit Union and Bojangles.

Sharon Ryals-Taylor of Cushman & Wakefield | Thalhimer handled sale negotiations on behalf of the seller.

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