Tuesday, January 18, 2022

Virginia Beach developer buys $1.08M building at Peninsula Town Center

HAMPTON — Prayosha Hampton Retail LLC bought the roughly 6,000-square-foot space at Peninsula Town Center earlier this month. And the developer plans to complete construction by mid-August.

“Construction actually started last week,” said Rob Wright, senior vice president of Cushman & Wakefield|Thalhimer and broker for Prayosha Hampton Retail LLC.

The developer, based in Virginia Beach, plans on using the space at 2033 Coliseum Drive for retail. The developer already has two tenants picked out, Wright said, adding the sale price was $1.08 million.

Wright said two national restaurant groups will be moving in but declined to name the two tenants.

The Virginia Beach developer may have multiple LLCs and according to court documents, one of its sister companies was involved in opening a Fuddruckers in Norfolk.

It’s unclear what else the company is involved with in the Hampton Roads area.

Always be informed. Click here to get the latest news and information delivered to your inbox

Julia Marsiglianohttp://wydaily.com
Julia Marsigliano is a multimedia reporter for WYDaily. She covers everything on the Peninsula from local government and law enforcement agencies to family-run businesses and weather updates. Before WYDaily, she covered Hampton and Newport News for WYDaily’s sister publication, HNNDaily before both publications merged in December 2018. Julia was born in Tokyo, Japan and moved to Long Island, New York in 2001. A true New Yorker, she loves pizza, bagels and good Chinese food. Send comments, tips and other tidbits to julia@localvoicemedia.com. You can follow her on Twitter at @jmarsigliano

Related Articles

MORE FROM AUTHOR