Southern Shopping Center

Crosland Southeast Sells Grocery-Anchored Shopping Center in Norfolk, Virginia, for $31.2 Million

by Abby Cox

Norfolk, Va. — Charlotte, North Carolina-based Crosland Southeast, along with an undisclosed joint venture partner, has sold Southern Shopping Center, a 235,070-square-foot retail property located in Norfolk, for $31.2 million. Tenants at the center, which was 90 percent leased at the time of sale, include Food Lion, Ross Dress for Less, Planet Fitness, Dollar Tree, Advance Auto Parts and Bojangles. Alex Quarrier and Thompson Brown of Berkeley Capital Advisors represented the seller. The buyer was Tampa, Florida-based East Coast Acquisitions.

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