Cleeman Realty Group is pleased to announce the sale of Williams Court Shopping Center, a 89,767 square foot Ollie’s Bargain Outlet & Dollar General anchored center in Portsmouth, Virginia. The property is located on George Washington Highway and sits on 9.63 acres of land adjacent to a Food Lion anchored shopping center. The property was 87% occupied at the time of closing and sold for $4,100,000.
Michael Cleeman and Jeremy Scheer of Cleeman Realty Group represented the seller in this transaction.
“The property’s prime location, national anchor tenants and strong occupancy made it a highly attractive investment opportunity. We are confident that the new owners will continue to see success with this property.” said Scheer.
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