Wednesday, August 10, 2022

The Shoppes At Gloucester Has New Owner

Sign up here for our free newsletter that tells you about the newest stories, three mornings each week.

GLOUCESTER-Another shopping center in Gloucester has recently been sold.

On Monday, June 13, Cushman & Wakefield/Thalhimer’s Capital Markets Group announced the sale of The Shoppes at Gloucester off George Washington Memorial Highway.

BH Properties sold the 92,273 square foot retail center, located at 6499-6513 Market Dr., for $7,450,000. Cushman & Wakefield/Thalhimer reported that a 1031 buyer based in Roanoke, VA bought the property as an investment.

The Shoppes at Gloucester is 93 percent leased and includes four national tenants: Ollie’s Bargain Outlet, Tractor Supply, Aaron’s, and Planet Fitness.

This is the second shopping center in Gloucester that has recently changed hands. Earlier in June, it was announced that another small shopping complex located at 7028-7040 George Washington Memorial Highway, which houses Sherwin-Williams, Mattress Firm, and the Helping the Homeless thrift store, is under new ownership.

In addition, construction is underway for a new shopping center that will be roughly 9,000 square feet and include three tenants. That shopping center is going up next to McDonald’s, also on George Washington Memorial Highway.

You must purchase this article or be a subscriber to comment on it.

Apartment Complex In Newport News Sells For $9.7 Million

NEWPORT NEWS- An apartment complex in Newport News has recently been sold. S.L. Nusbaum Realty announced that earlier this summer the Colony Square complex located...

Long & Foster In Williamsburg Debuts New Office And Services

JAMES CITY-One local real estate agency has expanded its office and services, which will provide for more one stop real estate shopping for buyers...

The Miller Group Buys Land In Williamsburg For Development

WILLIAMSBURG-Roughly six acres of land in Busch Industrial Park in Greater Williamsburg has been sold. Cushman & Wakefield/Thalhimer announced on July 26 the property, located...

The New Local News Model

On July 1, we started a new way to pay for news. Yes, we want you to subscribe, but we know nobody subscribes to every site they visit just because there's a paywall.

So if you don't want to subscribe (even at the low price of $39.99 for a year), you can pay for access to individual articles. Or just buy a 24-hour pass, as if you were buying a single copy of a newspaper. We use a new payment service called Transact, which lets you pay for individual articles in as little as three seconds. And you will get $3 in credit when you sign up (just an email address, no credit card required), which will let you pay for at least 20 articles.

This is new for everyone, so we're going to ease you into this. Initially, there won't be many articles that you have to pay for. Short ones will always be free. And even the longer stories will let you read the first half or so for free. We'd love to hear what you think, so send us a note at feedback@peninsulachronicle.com.