Prudent Growth Partners Sells Chatham Centre for $2.95 Million
Prudent Growth Partners has completed the sale of Chatham Centre in Chatham, Virginia, for $2.95 million after owning it since 2022 when it was acquired for $2.65 million. The property is a fully leased retail and medical center with tenants including DaVita Dialysis and local restaurants. The firm highlighted the property's consistent performance and full occupancy throughout its ownership period, which contributed to a successful sale outcome. Chatham Centre benefits from high visibility along U.S. Highway 29 and serves an expanded trade area of about 20 miles around Chatham in Pittsylvania County. The transaction allows Prudent Growth Partners to reinvest capital into new opportunities aligned with their long-term strategy. The firm's disciplined approach focuses on acquiring undervalued commercial properties, actively managing them for performance, and strategically disposing when value can be realized.
