COLONIAL HEIGHTS, VA, July 23, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing to market Dimmock Square (middle right photo) and Southgate Square (top left photo), two shopping centers located adjacent to Southpark Mall, an 800,000-square foot enclosed regional mall in Colonial Heights, Va., a submarket within the Richmond, Va. metropolitan statistical area.
The centers are being offered together but offers on the individual assets will be considered. The price is open bid.
Michael Dillon (lower left photo), a vice president investments in Marcus & Millichap’s Chicago O’Hare office, and Michael Early, a vice president investments in the firm’s Southern Virginia office, are representing the seller.
“It’s rare for investors to have the opportunity to acquire two core power centers located adjacent to a dominant regional mall in a major Mid-Atlantic market,” says Dillon. “The total offering consists of approximately 379,822 square feet of gross leasable area on 36.5 acres.”
Located at 725 Southpark Blvd. in Colonial Heights, the 106,166-square foot Dimmock Square center is anchored by Best Buy, Pier 1, Shoe Carnival, Old Navy and Target, which is not part of the offering.
Southgate Square is located at 44-184 Southgate Square in Colonial Heights. The 273,656-square foot center has 1,265 feet of frontage on Interstate 95 and 1,195 feet of frontage on Southpark Boulevard.
Contact:
Stacey Corso
Public Relations Manager
(925) 953-1716
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