Prudent Growth Partners Acquires Castle Shops Retail Center In Chesapeake For $5.4M

Prudent Growth Partners acquired Castle Shops, a fully leased retail center located at 1105-1107 South Military Highway in Chesapeake, VA. The transaction was valued at $5.4 million, encompassing a total area of 37,309 square feet, which amounts to a price per square foot of $145. The property is anchored by Dollar Tree and includes tenants such as CHKD Thrift Store, Boost Mobile, and Liberty Tax.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,400,000
• Square Footage: 37,309
• Price per Square Foot: $145
• Address: 1105-1107 South Military Highway
• Market: Chesapeake, VA
• Representing the Seller: Jeff Fritz & Jay O’Donnell - Colliers

The sale involved Colliers' brokers, Jeff Fritz and Jay O’Donnell, who represented the seller in this transaction. Their expertise facilitated the acquisition of this retail center, enhancing Prudent Growth Partners' portfolio in the Chesapeake market.