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Home News Regions Eastern Virginia Armada Hoffler Properties completes acquisition of Colonial Heights retail center

Armada Hoffler Properties completes acquisition of Colonial Heights retail center

Published August 20, 2014 by Paula C. Squires

Armada Hoffler Properties Inc. has completed its acquisition of Dimmock Square, a retail power center in Colonial Heights.

The Virginia-Beach based commercial real estate investment trust said Wednesday that company acquired a 100 percent interest in Dimmock Square in exchange for approximately 990,000 of operating partnership units and about $10 million of cash.

The acquisition will add more than 100,000 square feet of occupied retail space to Armada Hoffler’s portfolio. Dimmock Square is located between Southpark Mall and a Walmart Supercenter.

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