Mechanicsville Shopping Center is sold

Published November 11, 2019 by Robert Powell, III

A Hanover County shopping center has been sold for $2 million.

In its recent report of October transactions, S. L. Nusbaum Realty Co. said that Arihant Steven Kent Mart LLC has bought Mechanicsville Shopping Center.

The 64,000-square-foot retail center is located on 5.65 acres at 7506-7528 Mechanicsville Turnpike in Mechanicsville.

The seller was Mechanicsville Investment & Trading Corp.

Reid Cardon of S. L. Nusbaum represented the buyer.

In addition, Nimmo Properties LLC has purchased a 14,814-square-foot Virginia Beach office building for $2.75 million.

The 1.34-acre property at 2117 McComas Way was sold by JFS Real Estate LLC. Pierce Jacobson of S. L. Nusbaum represented the buyer.

In lease transactions, A&M Enterprises Inc. has leased 25,854 square feet of industrial space at 1157 Production Road in Norfolk. Michael Myers of S. L. Nusbaum represented the landlord.

In addition, Taco Bell has leased a half-acre outparcel at 29th Street and Pacific Avenue in Virginia Beach. Bill Overman and John Wessling of S. L. Nusbaum represented the landlord.

Also, Big Lots has exercised its option on 33,599 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk. Chris Hucke of S. L. Nusbaum represented the landlord.