Investment Summary

Atlee Square Shopping Center is a 43,015 square-foot class-B shopping center located in the Mechanicsville submarket of Richmond, VA, which was acquired by Lingerfelt’s predecessor on October 31, 2005. At acquisition the center was substantially vacant and in need of refurbishment. Along with the strip center was an outparcel that was later leased to a Popeyes Louisiana Kitchen operator.

Investment Info

Status: Realized
Property Type: Retail
Square-Footage: 43,015
Strategy: Acquisition
Sub-Strategy: Reposition, Renovation, Lease-Up
Entry Date: Dec 05, 2005
Exit Date: Apr 30, 2019
Total Capitalization: $3,000,000
Exit Price: $3,000,000
Lingerfelt Role: General Partner

Location