Va. Beach shopping center sells for $8.5M
Shops are near Lynnhaven Mall
A shopping center near Lynnhaven Mall in Virginia Beach has sold for $8.5 million.
The Lynnhaven East and North Mall Shops, at 2701 and 2704 N. Mall Drive, have been sold by Rialto Capital Partners, but the buyer has not been disclosed, according to Colliers.
The property has 106,524 square feet and more than 96,000 square feet across the two parcels are vacant, according to Colliers. Dick’s Warehouse and Chipotle occupy space there.
The unnamed buyer has plans for “a repositioning and a re-tenanting of the centers” a Colliers spokesperson said.