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Washington DC & Mid-Atlantic  + DC Metro  + Retail  |  March 18, 2021
David Cohen
By: David Cohen

Virginia Shopping Center Trades for $5M

S.L. Nusbaum Realty Co. has brokered the $4.7 million sale of Rustburg Marketplace, a 46,700-square-foot shopping center in Rustburg, VA.

The center, which is anchored by grocery retailer Food Lion, was fully leased at the time of sale to nine local and national tenants, including Family Dollar, Virginia ABC, Domino’s Pizza and Subway. Approximately 88% of tenants at the center have been in place for more than 20 years.

Pennsylvania-based private real estate investment company Kent Mall LLC acquired the center. The seller was Rustburg Ventures LLC.

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S.L. Nusbaum Realty

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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