NEWPORT NEWS, VIRGINIA:

Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the sale of Newmarket South Shopping Center in Newport News, VA.  The 354,804 square foot retail center is located along one of the region’s most heavily trafficked corridors at the intersection of Mercury Boulevard and Jefferson Avenue. While anchored by Food Lion and The Dump, its 30 tenants also include SunTrust, Popeyes, USPS, Rent-A-Center, H&R Block and Rainbow Shoppes.

America’s Realty, LLC acquired the asset on October 14th. The sale price was $11,000,000 and the property was 77% occupied at the time of the acquisition. 

The sale was completed by Eric Robison, Mike Early and Joe Kennedy of Thalhimer’s Capital Markets Group, along with Sharon Ryals-Taylor of Cushman & Wakefield | Thalhimer’s Virginia Beach office, who was the exclusive leasing representative for the property.