Colonial Heights, Va. — Divaris Real Estate has arranged the $5.5 million sale of Southpark Shopping Center in the Richmond suburb of Colonial Heights. John Madures of Divaris represented the buyer, Q&L Realty, in the transaction. The 34,705-square-foot retail center is located at 1829-1865 Southpark Blvd. Tenants at the time of sale included For Eyes, Party City and Landmark Financial. The new ownership plans to begin capital expenditures at the property, to include landscaping improvements, the addition of new signage and parking lot updates.
Divaris Real Estate Arranges $5.5 Million Sale of Shopping Center in Suburban Richmond