Cedar Lakes Shopping Center

Realized

Cedar Lakes Center is a 35,659 square-foot class-B shopping center and outparcel pad site located in the Great Bridge submarket of Hampton Roads, VA which was acquired by Lingerfelt’s predecessor alongside an investor group on December 3, 2004. LCP constructed the existing outparcel building in 2007, adding an additional 7,000 square-feet to the center.

Investment Info

  • Status: Realized
  • Market: Hampton Roads, VA
  • Property Type: Retail
  • Square Footage: 35,659
  • Lingerfelt Role: Developer, General Partner
  • Strategy: Acquisition, Development
  • Sub-Strategy: Reposition, Lease-Up

Investment Metrics

  • Entry Date: October 21, 2004
  • Purchase Price: $3,900,000
  • Total Capitalization: $3,900,000
  • Exit Date: June 29, 2023
  • Exit Price: $4,900,000
  • Hold Period: 18.7 Years

Cedar Lakes Shopping Center

565 Cedar Rd, Chesapeake, VA 23322, USA
Realized

Cedar Lakes Center is a 35,659 square-foot class-B shopping center and outparcel pad site located in the Great Bridge submarket of Hampton Roads, VA which was acquired by Lingerfelt’s predecessor… Read More