Colonial Heights shopping center sells for $26.25M
Publix store anchors property
Colonial Square, a Publix-anchored shopping center in Colonial Heights, sold for $26.25 million, JLL announced Thursday. Colonial Square Associates – A Berman Kappler Property sold the shopping center to United Hampshire US REIT.
The shopping center is 168,326 square feet and is 99% leased. It was constructed in 1967 and underwent renovations in 2017, when grocery store Publix opened. Colonial Square is located at 3107 Boulevard, at the intersection of Boulevard (U.S. Route 301) and East Ellerslie Avenue.
The JLL Retail Capital Markets team representing the seller was led by Senior Director Jordan Lex, Director Daniel Naughton and Managing Director Bill Moylan.