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Poe & Cronk Announces Sale of Springwood Park Retail Center

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of Springwood Park Retail Center located at 3214 Electric Rd Roanoke, VA. Springwood Park is a 19,200SF mixed use – retail/office building located on the busy corner of Electric Rd and Brambleton Ave. The property sold for $2,821,500.

Springwood Park was successfully marketed for sale by Poe & Cronk’s Stephen Pendergrass & Thom Hubard, CCIM and under contract within six months. Bryan Musselwhite, CCIM of Poe & Cronk represented the purchaser in a successful 1031 Tax Exchange transaction.

“The purchaser is excited to own this marquis retail property, situated in one of the best locations in the Greater Roanoke Valley” said Bryan Musselwhite, CCIM. Poe & Cronk will provide marketing and leasing services for the property.