![]() “Through a very active marketing and competitive bidding process we were able to attract multiple offers that served to support our initial opinion that Tanglewood Mall represented a major redevelopment opportunity for the greater Roanoke region and will spark future development and investment along the Electric Road corridor,” stated John Nielsen who led the sales effort from Roanoke. Weber Expressways southern terminus is the exit with 419. Tanglewood Mall is located at the intersection of US 220 and Route 419. The mall is currently managed by Urban Retail Properties. It originally opened for business March 28, 1973. The buyer, Blackwater Resources, understood the opportunity and outbid the other investors,” stated Tom Salanty, Executive Director, who led the sales effort for the Cushman & Wakefield team. Tanglewood Mall is a shopping mall in southwest Roanoke County, Virginia, United States. “Tanglewood Mall presented a very promising value add opportunity to the retail investment community and attracted several qualified investors. Nielsen, managing broker for Thalhimer’s Roanoke office. The sale was completed by a group comprised of Tom Salanty of Cushman & Wakefield’s Capital Markets Group in Dallas, as well as Eric Robison of Cushman & Wakefield | Thalhimer’s Capital Markets Group (Richmond, VA), Alex Wotring (Richmond, VA) and John K. The center was 88% occupied at time of sale.īlackwater Resources, an investment group out of Birmingham, Alabama, purchased the property. ![]() Built in 1973, with renovations completed in 2006, Tanglewood Mall is anchored by JC Penney and Belk, along with other tenants including TJ Maxx, Steinmart, Staples, AC Moore, Carmike Cinemas, Kroger, and Barnes & Noble. Situated on 58.6 acres on the busy retail corridor Electric Road, the mall is among the region’s most affluent residential neighborhoods and is just minutes from downtown Roanoke. ![]() ROANOKE, VIRGINIA: Cushman & Wakefield, and Thalhimer (Alliance partner with C&W) have represented the seller in the sale of Tanglewood Mall, a 797,524 square foot regional mall located on Electric Road, just off I-581, in Roanoke, Virginia. ![]()
0 Comments
Leave a Reply. |