LAKESIDE PLACE SHOPPING CENTER SOLD FOR $6.8 MILLION

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SALEM, VA. — Centro Properties Group has sold the 82,033-square-foot Lakeside Place Shopping Center to an undisclosed Tennessee-based buyer for $6.8 million. Kroger anchors the 25-year-old property, which is located at 161 Electric Rd. in Salem. Additional tenants include CVS/pharmacy, Subway and H&R Block. The shopping center is 90 percent leased. Tony D’Ambrosio and Joe Montgomery Atlanta-based Colliers Spectrum Cauble represented the seller.

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