Virginia Beach, Va. — Kroger has acquired 12 acres at the Hampton Roads Crossing mixed-use project in Suffolk, Va., according to Divaris Real Estate (www.divaris.com), the broker that represented the seller, Terry/Peterson Investment Thirty, in the transaction.
Kroger intends to construct a 113,361-sq.-ft. Kroger Marketplace on the site.
Plans call for the new store to open in November of next year. The store will anchor the retail component of Hampton Roads Crossing. The 40-acre retail site will feature key anchor box tenants including Kroger Marketplace and shops and outparcels.
Other components of the development include 1,000 residential units and office buildings. The development will span the Suffolk-Portsmouth city lines.