Spotsy EDA Explores Sale of Southpoint Office Building

admin — Sat, 27 Apr 2013 07:03:18 +0000

The Spotsylvania County Economic Development Authority is taking steps to sell a building it owns at Southpoint I in Massaponax at the urging of the Board of Supervisors.

Supervisors this week voted 5–2 to request that the EDA look into selling the roughly 8,500-square-foot space, which it purchased in 2001. The building currently houses the Spotsylvania Visitor Center, an insurance firm, a regional agency and office space for entrepreneurs.

The property is assessed at almost $1.3 million.

Supervisors Benjamin Pitts and Gary Skinner voted against selling the building.

EDA members, who are appointed by supervisors, discussed the issue in closed session at their monthly meeting Thursday. They then voted to publish a request for information to solicit interest from potential buyers.

“We’re just hoping to gather information from potential users of the building so that we can make a better decision on what to do with it later,” said EDA Chairman Hart Rutherford.

The EDA may look at other ways to use the space if nobody is interested in buying it, members said.

Southpointe II Shopping Center building sold for $2.45M

admin — Fri, 07 Sep 2012 00:36:47 +0000

A McLean-based real estate investor on Wednesday purchased a multi-tenant retail building adjacent to the Lowe’s store in Spotsylvania County’s Southpoint II shopping center.

Mohtasham Mobarakeh, through an LLC, paid $2.45 million for a 13,500-square-foot building that is 100 percent leased to tenants including Bark ‘N Bubbles, Mystic Ice Gelato and Hair Cuttery.

Spotsylvania County, VA Economic Development Authority » Southpointe

Spotsy EDA Explores Sale of Southpoint Office Building

Southpointe II Shopping Center building sold for $2.45M