Armada Hoffler Properties acquires Southgate Square in Va.

Armada Hoffler Properties purchased Southgate Square in Colonial Heights, Va., for $21.1 million in debt and more than 1.5 million units of limited partnership interest in the operating partnership. The 220,000-square-foot shopping center has a newly opened Burlington, as well as PetSmart, Staples and Michaels locations. Read the Commercial Property Executive story here