Colliers is pleased to present the sale of ‘New Town Shops on Main’ in Williamsburg, Virginia (the “Property”). Built in 2007, the Property is an 86% leased, multi-anchored lifestyle center serving as the centerpiece of the 365-acre, master-planned New Town community, which consists of an ideal mix of residential homes, office buildings, restaurants, and retail properties.

The 248,000-square-foot Property is comprised of 12 adjacent buildings and 48 retail spaces that straddle the vibrant Main Street corridor. New Town Shops on Main features forty (40) prominent regional and national tenants with an anchor lineup consisting of a newly renovated 12-screen Regal Cinema, Planet Fitness, Barnes & Noble, and Dollar Tree. The anchor tenants represent an attractive weighted average lease term of almost 9 years, with nearly every lease containing multi-year renewal options and staggered expirations, mitigating downtime risk.

The Property is situated in the heart of Williamsburg’s most active retail corridor at the intersection of Monticello Avenue and Ironbound Road, commanding high-volume vehicle traffic with roughly 48,000 VPD between the two thoroughfares. The Property is located just a few minutes from Colonial Williamsburg and The College of William & Mary. The city of Williamsburg

is included in the Hampton Roads MSA, containing a population over 1.8 million.