NORFOLK, Va., Dec. 03, 2014—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S. and Canada, announced that partner S.L. Nusbaum Realty Co., a Norfolk, Va.-based commercial real estate firm, completed the sale of The Shoppes at College Park. S.L. Nusbaum Realty Vice President-Regional Director Nathan Shor made the announcement.
Shor represented the seller, Farmville Partners, LLC, in the transaction. The property, located on S. Main Street in Farmville, Va., near Longwood and Hampden-Sydney colleges, was sold to a 1031 entity buyer for $8.75 million. The 106,000-square-foot shopping center features joint tenants such as Rite Aid, Dollar General, Goodwill, Advance Auto Parts and Buffalo Wild Wings.Continue Reading