112
VIRGINIA BEACH, VA. — The City of Virginia Beach Development Authority has purchased a 38,414-square-foot retail property, formerly a Circuit City store, from CC Virginia Beach for $5 million. The building sits on 3.17 acres in the Town Center of Virginia Beach mixed-use development. The development authority will eventually incorporate the property into its Central Business District master plan. Alexander Divaris, Jason Oliver and Gerald Divaris of Virginia Beach-based Divaris Real Estate represented the buyer.