Industries Commercial Real Estate

Lidl buys 219,978-square-foot property in Virginia Beach for $5.9 million

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Lidl U.S. LLC, a Germany based discount grocer, has purchased a 219,978-square-foot building on five acres in Virginia Beach for $4.9 million from Haygood Medical Associate LP. The property is located at 1020 Independence Blvd.

Lidl opened its first stores in the U.S. in June 2017, including sites in Hampton and Virginia Beach.  The company also has opened stores in Richmond. It has announced plans to open about 150 stores in America by the end of this year.

Ned Williams of Norfolk-based Harvey Lindsay Commercial Real Estate handled the transaction providing dual agency representation.

In other transactions for Harvey Lindsay in Hampton Roads:
New Beech Grove Baptist has purchased 45,300 square feet on 4.5 acres located at 361 Beechmont Drive in Newport News from Calvary Chapel Newport News. The property sold for $3 million. Bob Saunders represented the seller in the transaction.

Obici Ventures LLC has purchased 25,380 square feet on four acres located at 1001 Obici Industrial Boulevard from CMLT 2008 - LS1 Obici Industrial. Andy Stein represented the buyer.

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