Virginia Beach neighborhood center sells for $6.43M

Buckner Plaza is anchored by Food Lion and Dollar General

Published August 31, 2021 by Katherine Schulte

A neighborhood shopping center in Virginia Beach sold for $6.43 million, Colliers’ Retail Investment Group announced last week.

Located at 3208 Holland Road, the center, Buckner Plaza, is 63,500 square feet and sits on 5.48 acres. It is 95.4% leased and anchored by Food Lion and Dollar General. Food Lion has been a tenant since the center opened in 1986. Buckner Plaza was renovated in 2015.

VB-GC-RA 18 LLC bought the property from Club Forest Buckner LLC. Jeffrey Fritz, Colliers’ vice president of investment sales, and Jay O’Donnell, first vice president with Colliers’ Retail Investment Group, represented the seller. Michael Ettel, a senior associate with Colliers, represented the buyer.

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