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Washington DC  + DC Metro  + Retail  | 
Rialto Capital Partners has sold the Lynnhaven East and North Mall Shops in Virginia Beach, VA for $8.5 million.

Virginia Beach Shopping Center Fetches $9M for Rialto Capital Partners

Colliers has arranged the sale of Lynnhaven East and North Mall Shops, located at 2701 and 2704 N Mall Drive in Virginia Beach, VA, for $8.5 million.

A Colliers team of Jeff Fritz and Jay O’Donnell, along with leasing advisors Chris Read and Jeff Parker marketed the property on behalf of seller Rialto Capital Partners.

The property encompasses 106,524 square feet and is occupied by major retailers including Dick’s Warehouse and Chipotle. The new owner has approximately 96,000 square feet of vacancy across two parcels as multiple avenues for value creation.

The property is located in an area with rapidly growing demographics, nearby retail and entertainment developments, and a location along Lynnhaven Parkway near major Hampton Roads transportation connectors that create a regional destination.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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