JFS Real Estate Purchases Indian River Shopping Center in Virginia Beach for $6 Million

Virginia Beach, Va. — JFS Real Estate LLC has purchased Indian River Shopping Center, a 128,017-square-foot retail center in Virginia Beach, for $6 million. The property was fully occupied at the time of sale by tenants including Burlington, Food Lion, It’s Fashion and One Price Cleaners. Mike Zarpas of S.L. Nusbaum Realty Co. represented the seller, Earle W. Kazis Associates Inc., and Janet Whitbeck of Cushman Wakefield | Thalhimer represented the buyer in this transaction. Zarpas will also represent the new owner in repositioning the property.

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