June 3, 2020
ARMADA HOFFLER PROPERTIES COMPLETES $90 MILLION RETAIL PORTFOLIO SALE
“Armada Hoffler, the Virginia Beach-based commercial developer and property owner, had announced in early April that a deal to sell seven of its grocery-anchored shopping centers for $106.5 million had fallen through because of the coronavirus pandemic.
On Monday, the company said a new deal with the same buyer had closed, this time selling the properties for $90 million. The buyer was a Canadian company focused on owning U.S. grocery-anchored shopping centers, Slate Retail REIT.”
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