AUCTION SITE: https://rimarketplace.com/auction/2339/reo-value-add-retail-greenbrier-mall-virginia-beach-norfolk-msa-?utm_source=costar
Newmark has been exclusively retained to market to qualified investors the opportunity to acquire Greenbrier Mall (the “Property” or “Mall”), a dominant super-regional mall located in Chesapeake, VA. The Mall consists of approximately 900,206 square feet (562,209 SF owned) of gross leasable area in the Virginia Beach-Chesapeake-Norfolk MSA of Eastern Virginia. The Mall is anchored by Dillard’s (160,000 SF, Unowned), JCPenney (105,260 SF) and Macy’s (140,772 SF), which are complemented by a line-up of strong national retailers highlighted by American Eagle, Bath & Body Works/White Barn, Foot Locker, H&M, Miniso, and Victoria’s Secret.
The Property is strategically located at the intersection of Hampton Roads Beltway / I-64 (150,000 VPD) and Greenbrier Parkway (75,000 VPD) and is surrounded by several name brand national retailers, such as Barnes and Noble, Best Buy, Dick’s Sporting Goods, Target, T.J.Maxx, Walmart, and several hotels. The presence of these retailers and hotels helps drive additional foot traffic to the area. This offering represents a unique opportunity to acquire a stabilized and well-performing asset with numerous avenues of value enhancement.
Lamar P. Fisher
Fisher Auction Company Inc.
License: 2907003627
Co:2908000783
https://rimarketplace.com/auction/2339/reo-value-add-retail-greenbrier-mall-virginia-beach-norfolk-msa-?utm_source=costar