Cleeman Realty Group is pleased to announce the off-market sale of Guynn Shopping Center and Grayson National Bank in Independence, Virginia. The center located at 568 E Main Street is anchored by Food City, Dollar General and Guynn Furniture. The combined properties consist of 85,000 square feet and was 96% occupied at closing. Food City is the main supermarket destination in the city and they plan on constructing a new store at the center.
Jacob Baruch of Cleeman Realty Group represented the buyer, Marathon Realty Corp (Food City’s real estate arm) who plans on redeveloping the entire center in the near future and both sellers, a private family that developed the shopping center in 1971 and Grayson National Bank that has owned their property since 1970.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at www.cleeman.com