Southpark Shopping Center in Colonial Heights sells for $9.5 million

Published July 12, 2016 by Paula C. Squires

MCB Real Estate, a private commercial real estate firm based in Morris Plains, N.J., has purchased the Southpark Shopping Center in Colonial Heights for $9.5 million.

Cushman & Wakefield | Thalhimer’s Capital Markets Group represented McCormick Realty Limited Partnership in the sale of the 71,509-square-foot regional center.

Built in 1989 and renovated in 2013, the property is adjacent to Southpark Mall.

According to Thalhimer, the center was 100 percent leased at the time of the sale.  Tenants include Ashley Home Furniture, Books-A-Million, Chipotle and Jimmy John’s.

Catharine Spangler and Eric Robison of Cushman & Wakefield | Thalhimer completed the sale with leasing adviser Connie Jordan Nielsen assisting in the transaction.