Cleeman Realty Group is pleased to announce the sale of a Food City and Family Dollar anchored retail center located at 205 Riverbend Drive in Pennington Gap, Virginia. The center is located on approximately 8.64 acres and consists of a 54,240 sq ft building. The property is the dominant shopping center in the Pennington Gap market.
Jacob Baruch represented the seller a private real estate company and Michael Cleeman represented the private investment group that acquired the property.
“The buyer was attracted to the low price psf and owning the main destination shopping center in the market” said Cleeman .
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. With offices in New York and New Jersey, 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, contact our team at cleeman.com