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Bedford Plaza

Capital Markets Group Completes Sale of Bedford Plaza for $8.4M

BEDFORD COUNTY, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented Southgate III, LLC in the sale of Bedford Plaza, a Walmart shadow anchored shopping center, located at 1128 E. Lynchburg Salem Turnpike in Bedford, Virginia.  
Bedford Plaza, a 112,649 square foot neighborhood center is anchored by Tractor Supply and Dollar Tree. The center has a diverse mix of national, regional and local e-commerce resistant tenants including restaurants and service-oriented retailers. Coastal Equities of Weston, Florida acquired the asset on February 13, 2020. The sale price was $8,400,000 and the property was 79% leased at the time of the acquisition.  The sale was completed by Eric Robison and Catharine Spangler.

Written on February 25, 2020