Located on Portsmouth Blvd. across from the Chesapeake Square Mall, Crossroads Shopping Center is also home to such retailers as TJ Maxx and S&K Menswear. Divaris Real Estate Inc.'s Gerald S. Divaris and Mary McGovern represented Best Buy Stores LP in the transaction, while Wal-Mart Realty represented itself. Terms of the transaction have not been disclosed, but McGovern tells GlobeSt.com that retail space in the Chesapeake area leases for about $12 to $16 per sf, depending on the location and product.
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