Branch Properties Picks Up Walmart Anchored – Mercury Plaza

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98,000-SF Shopping Includes Development Opportunity

Atlanta-based real estate investment firm Branch Properties struck a deal with Olshan Properties out of New York City to acquire the Mercury Plaza in Hampton, VA for an undisclosed amount.

Anchored by Walmart Neighborhood Market and Marshalls, and shadow-anchored by Burlington Coat Factory, the 98,066-square-foot shopping center is located at the intersection of W. Mercury Blvd. and Power Plant Parkyway in Hampton’s Mercury Central Retail corridor.

In addition to its anchor tenants, the center is home to five national tenant outparcels and features excess land that can be developed.