Cleeman Realty Group is pleased to announce the sale of Hampton Plaza Shopping Center, a Food Lion-anchored retail center located at 4019 W Mercury Boulevard in Hampton, Virginia. The property spans approximately 173,199 square feet across four buildings on 12.36 acres and is strategically positioned along a high-traffic corridor with over 49,000 vehicles per day.
Sam Seelenfreund of Cleeman Realty Group represented the buyer in the transaction, while Ryan King of Harvey Lindsay Commercial Real Estate represented the seller.
The property is 95% leased and features a strong mix of national and regional tenants, including Food Lion, McDonald’s, Ollie’s Bargain Outlet, Harbor Freight, Citi Trends, and others. The center benefits from its dominant retail positioning within the Hampton Roads market and proximity to major economic drivers, including Newport News Shipbuilding and Langley Air Force Base.
“This transaction reflects continued investor demand for well-located, grocery-anchored shopping centers with strong tenant mixes and stable cash flow,” said Seelenfreund, SVP at Cleeman Realty Group. “Assets like Hampton Plaza continue to perform well due to their necessity-based tenancy and long-term durability.”
Cleeman Realty Group continues to be a leader in advising and facilitating transactions for grocery-anchored and multi-tenant retail properties nationwide.
For more information about Cleeman Realty Group and its services, please visit www.cleeman.com
About Cleeman Realty Group
Cleeman Realty Group specializes in the sale of retail and net-leased properties across the United States, providing strategic advisory services to investors, developers, and property owners. With a proven track record of success, the firm remains dedicated to delivering superior market insights and transaction expertise.