HAMPTON-On December 1, Cushman & Wakefield/Thalhimer announced the sale of a 10,748 square foot retail building on Mercury Boulevard that will be redeveloped and utilized as a multi-tenant building with Freddy’s Frozen Custard & Steakburgers as the anchor.
Moseley Real Estate Advisors, Inc. purchased the building, located at 1123 W. Mercury Blvd., from G.C. of Hampton Partners, LLC for $2.5 million. The new owner will redevelop the property, which sites on 2.3 acres, and turn it into a 9,000 square foot multi-tenant building.
The Hampton location of Freddy’s Frozen Custard & Steakburgers is one of several locations that the chain restaurant announced would be opening in Hampton Roads. Freddy’s Frozen Custard & Steakburgers will also open a restaurant on Richmond Road in Williamsburg as well as a location in Chesapeake. There are also locations in Suffolk and Virginia Beach.