Chester shopping center sells for $4.04M
Food Lion is anchor tenant at Centralia Crossing strip mall.
A shopping center in Chester has sold for $4.04 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday.
The strip mall, Centralia Crossing, is located at 9801 Chester Road and its anchor tenant is Food Lion, which recently extended its lease. The property sold by Berman Kappler Properties was 86% leased at the time of the sale.
Centralia Crossing is 47,743 square feet and recently underwent more than $550,000 in renovations, including resurfacing the parking lot and applying new roofing, according to Cushman & Wakefield | Thalhimer’s Capital Markets Group. Centralia Crossing LLC, Marcos Investments LLC and Marcos Properties LLC bought the property in the transaction that closed on April 21.
Catharine Spangler of Cushman & Wakefield | Thalhimer represented the seller, and Thalhimer Vice Presidents David Crawford and Reilly Marchant handled leasing efforts at the property for Berman Kappler Properties.