Williamsburg Marketcenter sells for $6 million
Miami-based Lionheart Capital has purchased Williamsburg Marketcenter, a 175,760-square-foot shopping center in Williamsburg, for $6 million.
CBRE/Charlottesville, which brokered the sale, said the seller was AIG. Lionheart is a real estate investment and development firm.
Ross Dress for Less and Dollar Tree stores anchor the 30-acre shopping center at 6610 Mooretown Road. Other tenants include Tropical Smoothie Café, OneMain Financial, Quiznos Sub, Navy Federal Credit Union and Supercuts. The center was 41 percent occupied at time of sale.
“The new owner has some exciting plans for revitalizing the center and leasing the available space,” Jay O’Donnell, assistant vice president with CBRE|Charlottesville. said in a statement.
O’Donnell, Kris Knepper of CBRE|Hampton Roads and Bill Kent and Ryan Sciullo of the Washington, D.C. CBRE office represented the seller in the transaction.