Connect News Commercial Real Estate news for every market and every facet, every day.
Connect Events Live and virtual events bringing together the best of information and networking.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Washington DC  + DC Metro  + Retail  |  January 26, 2022
Spartan Square retail center in Salem, VA
Lisa McDuffie
By: Lisa McDuffie

JV Acquires Roanoke County’s Kroger-Anchored Spartan Square for $17M

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

Collier’s Will Bradley, executive vice president, Mark Williford, vice president, along with Peter Vick and Harrison Hall, senior vice presidents, represented the seller, Spartan Square Limited Partnership.

Anchored by Kroger, Spartan Square is 91% leased to a mix of best-in-class tenancy, including Dollar Tree, Pet Supplies Plus, Starbucks and Truist. At sale the asset featured a weighted average tenure of more than 24 years.

Connect

Inside The Story

Colliers

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.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action