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Drew Negotiates Sales of Former Kroger Grocery Store in Roanoke, VA

For Immediate Release
Contact: Susan Childress Corporate Marketing Director 757.282.6505
SL Nusbaum X Team

Norfolk, VA - (January, 2010) - S. L. Nusbaum Realty Co. is pleased to announce the sale of the former Kroger Grocery Store located at 3419 Orange Avenue in Roanoke, Virginia to Branch Management Corp. Tommy Drew, Vice President, represented the Seller, Kroger Limited Partnership, in this transaction.

The 39,980 square foot building located on 4.82 acres was occupied by Kroger since 1984 and was one of the top‐performing grocery locations in the Roanoke Valley trade area.

Branch Management develops, owns and leases commercial properties in Roanoke, Virginia and the surrounding regions. They plan to re‐develop and lease this property.

The new Kroger Square at Bonsack is home to the relocated 78,112 square foot Kroger Grocery Store. This new site is just one mile east of the former store marketed by S.L. Nusbaum Realty Co. Kroger Square contains 22,000 square feet of shops and includes four outparcels.

With over 113 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping centers, apartment communities, office and industrial properties throughout the Mid-Atlantic.