Core Gateway Plaza LLC has successfully sold Gateway Plaza located in Christiansburg, VA.  Gateway Plaza is a Food Lion anchored neighborhood center with strong co tenant Tractor Supply Company.

“We quickly engaged in a long term lease with Tractor Supply.  In addition, we expanded and extended multiple tenants.  With cleaning up the lease roll and overall rent roll profile of the center, it was time to execute our exit. We are thrilled to deliver above proforma returns to our investment group.

It’s a great property in a seasoned market.  We wish the new ownership group the best of luck with the asset.” – Drew Angel, Managing Partner of Core Gateway Plaza LLC