Victory Center

Location: Newport News, VA
Type: Retail
Price: $ 4,000,000

SMC provided a $4,000,000 seven-year first mortgage to refinance the existing debt collateralized by Victory Center, a 100% occupied grocery-anchored retail center that consists of one single-story retail building totaling 68,995 SF and located in Newport News, Virginia. The property was developed in 1997 and is anchored by Farm Fresh, a neighborhood grocery store based in Virginia. The property is strategically located directly off of a full interstate exchange onto I-64, with access to the property provided by Arthur Way via Commonwealth Drive, a connector roadway that provides Kiln Creek Center access to Victory Boulevard, a primary arterial.