Cushman & Wakefield | Thalhimer is pleased to announce the sale of Southern Shopping Center in Norfolk, Virginia.
River City Capital, LLCpurchased the 246,000 square foot retail center, situated on 20.36 acres, from Southern Shopping Center, LLC for $25,000,000 as an additional investment for their portfolio.The shopping center is anchored by Food Lion, and features additional tenants to include Shoe Department, Game Stop, Athlete’s Foot, Sally Beauty Supply, Dollar Tree, H&R Block, America’s Best Wings, and Rent-A-Center to name a few. The property also features outparcel locations for Ruby Tuesday, Chartway Federal Credit Union, and Bojangles.
Sharon Ryals-Taylor of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.
About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, VA. The company has nearly 100 broker professionals and employs over 450 associates. Thalhimer represents, on behalf of its clients, a property portfolio of over 57 million leasable square feet, and management of over 30 million square feet of commercial property, and over 9,600 multifamily units. In 2020, Thalhimer completed over 1,700 transactions with a transactional volume more than $1.35 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties.
To learn more, visit www.thalhimer.com or follow @Thalhimer on Twitter.
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About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
