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Washington DC & Mid-Atlantic  + DC Metro  + Retail  |  March 1, 2022
Colliers has facilitated the sale of Spartan Square, a 180,346-square-foot shopping center in Salem, VA, for $16.5 million
Lisa McDuffie
By: Lisa McDuffie

Kroger-Anchored Retail Center in Roanoke Trades Hands for $17M

Colliers has facilitated the sale of Spartan Square, a 180,346-square-foot shopping center in the Roanoke submarket of Salem, VA, for $16.5 million. The property on West Main Street was acquired by a joint venture between Essential Growth Acquisition Properties and Viking Partners.

A Colliers team of Will Bradley, Mark Williford, Peter Vick and Harrison Hall represented the seller, Spartan Square Limited Partnership.

Spartan Square is anchored by Kroger. It 91% leased to a mix of best-in-class tenancy, including Dollar Tree, Pet Supplies Plus, Starbucks and Truist, and features a weighted average tenure of over 24 years.

Photo: Rich McDonald, New Media Systems 

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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