Colonial Heights shopping center sells for $5.45M
Southpark Square is 34,705 square feet
Q&L Realty LLC has purchased the Southpark Square Shopping Center in Colonial Heights from the Colonial Heights Land Associates Limited Partnership for $5.45 million, Divaris Real Estate Inc. announced Thursday.
The 35,705-square-foot retail shopping center is located at 1829-1865 Southpark Blvd. in Colonial Heights. The shopping center is on 6.67 acres of land about 20 minutes south of Richmond.
Colonial Heights Land Associates LP has owned the shopping center since 2005. Party City, For Eyes and Landmark Financial are tenants in the shopping center. Q&L plans to add landscaping improvements, new signage and parking lot upgrades.
Divaris will handle leasing responsibilities for the shopping center. John Madures of Divaris negotiated the deal.