Investment Summary

Towne Place at Greenbrier is a four-building, 76,827 SF Class-A neighborhood retail center located in the heart of Chesapeake, Virginia. Acquired in 2016, the property was approximately 95% leased and offered a strong mix of national and regional tenants. The investment strategy focused on preserving stable income, maintaining high occupancy, and managing the asset to institutional standards. Towne Place was held for nearly six years before being successfully sold in early 2022. The sale reflected the firm’s long-term approach to maximizing value through hands-on management and a disciplined investment philosophy.

Investment Info

Status: Realized
Property Type: Retail
Square-Footage: 76,827
Strategy: Acquisition
Sub-Strategy: Reposition, Lease-Up
Entry Date: May 10, 2016
Exit Date: Feb 03, 2022
Total Capitalization: $17,118,620
Exit Price: $23,150,000
Lingerfelt Role: General Partner

Location