12638 Jefferson Ave • Newport News, VA 23603

Year Purchased: 2023
Purchase Amount: $8,200,000.00
Equity: $3,850,000.00

Turnberry Crossing was purchased in June 2023 and is a 53,775 square-foot multi-tenant shopping center located in Newport News, Virginia. Built in 1988, Turnberry Crossing boasts a strong group of e-commerce-resistant tenants and is situated in Newport News' primary retail corridor. With a diverse tenant base and a desirable, high-traffic location, Turnberry is currently 95% occupied. The current tenant lineup features a healthy mix of restaurant, retail, health, beauty, and service-oriented businesses. The center is strategically located off Jefferson Ave, a primary retail corridor, boasting over 55,000 Vehicles per Day. The property is ideally located in an infill location less than half a mile from Interstate 64 and less than one mile from Newport News/Williamsburg International Airport. It is anchored by a high performing Goodwill and is in the vicinity of or nearby other retailers including Sam’s Club, The Home Depot, Lowe’s Home Improvement, Kohl’s, Trader Joe’s, and T.J. Maxx. The immediate trade area contains many other local and national tenants, including CVS, Subway, Haynes Furniture, Chili’s, Walgreens, and others.