BC Wood Properties Acquires Fairfield Shopping Centre In Virginia Beach For $34.9M

The Fairfield Shopping Centre, located in Virginia Beach, VA, is a retail asset with a sale price of $34,900,000. The property spans 184,106 square feet, translating to a price per square foot of $190. At the time of sale, the shopping center was 93% leased, featuring anchor tenants Food Lion and T.J. Maxx.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34,900,000
• Address: Fairfield Shopping Centre, Virginia Beach, VA
• Square Footage: 184,106
• Price Per Square Foot: $190
• Buyer: BC Wood Properties
• Broker Representation: Thompson Brown & David Webb - Berkeley Capital Advisors

This transaction involved BC Wood Properties as the buyer, acquiring the property with the support of brokers Thompson Brown and David Webb from Berkeley Capital Advisors. The deal highlights the ongoing investment activity in retail real estate within the Virginia Beach market.