Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Two Major Retail Leases Executed in Virginia Beach
Armada Hoffler completed two new retail leases at Columbus Village in the Town Center of the Virginia Beach district.
The company executed a 14,000-square-foot lease with a prominent grocer and a 19,000-square-foot lease with a national sporting goods retailer. These two credit tenants will backfill substantially all of the space previously occupied by Bed Bath & Beyond. In the 18 months since Bed Bath & Beyond closed, the company has backfilled both spaces previously occupied by the retailer and re-leased the space at Patterson Place to another national credit tenant.
“These new retail leases highlight the successful reimagining of this former big-box space and our ability to attract desirable retail tenants due to the highly trafficked area and proximity to the Town Center of Virginia Beach,” said Shawn Tibbetts, Chief Executive Officer and President of Armada Hoffler. Columbus Village features 157,000 square feet of retail space on two sites totaling 12 acres.
