SOUTH BOSTON, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the disposition in the sale of Hupps Mill Plaza Shopping Center located at 2219 Wilborn Avenue in South Boston, Virginia. The 173,351 square foot, value-add power center was 77% leased at the time of acquisition and is currently anchored by Belk, Goody’s and regional grocer Shopper’s Value Foods.  Hupps Mill Plaza Associates, LLC acquired the asset on July 26, 2017 for $3,900,000 ($22.50/SF). 
Sale negotiations were handled by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Richmond, Virginia office, assisted by Joe Kennedy in Thalhimer’s Virginia Beach office.  The sale was facilitated through the RealINSIGHT Marketplace auction platform, which launched in Q1 2017.