East Coast Acquisitions Buys Southern Shopping Center In Norfolk For $31.2 Million

The asset involved in the transaction is a retail property located at 7525 Tidewater Drive, Norfolk, VA. The property spans 235,070 square feet and was sold for $31,200,000, resulting in a price per square foot of $133.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $31,200,000
• Sale Date: 08/18/2026
• Buyer: East Coast Acquisitions
• Seller: Crosland Southeast
• Broker Representatives: Alex Quarrier & Thompson Brown - Berkeley Capital Advisors

Crosland Southeast was involved in the sale of the Southern Shopping Center, aided by an undisclosed joint venture partner during the transaction with East Coast Acquisitions.