SLN Capital Markets Sells Seventh Chesapeake Shopping Center Outparcel

Norfolk, VA (February 26, 2025) – SLN Capital Markets, a division of S.L. Nusbaum Realty Co., has sold a 3-tenant retail strip center to an investor.  The transaction marks the seventh retail outparcel the SLN Capital Markets team has sold at Greenbrier Square, a 254,000 square foot center anchored by Kroger Marketplace off I-64 in Chesapeake, VA.

“The Vakos Companies did a great job developing this shopping center,” said Doug Aronson, Senior Managing Director of SLN Capital Markets. “Every outparcel we sold for them was fully occupied by a variety of local or national tenants and garnered a lot of interest from both regional and international investors”.

The most recent sale was for a 7,440 square foot strip center leased to La Hacienda Mexican Grill, Clover Nail Spa and Tobacco Land & Vape.   The property sold for $3,362,500.   The other adjacent sales occurred over recent years and included a 10,860 square foot strip center, and single tenant properties leased to Kroger Fuel, Valvoline, Starbucks, Arby’s, and Popeye’s.

About SLN Capital Markets

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., specializes in the sale and purchase of single, multi-tenant and multifamily investment properties. We work with both private and institutional investors in the acquisition and disposition of their assets and advise accordingly based on their needs. We employ the latest technology and provide up to date research to effectively market properties both nationally and internationally. For more information, visit: www.slncapitalmarkets.com.