The Property is known as Landstown Commons, a premier 407,327-square-foot power center located in the heart of Virginia Beach, Virginia. Developed in 2008, Landstown Commons is situated on 48.78 acres at the high-traffic intersection of Princess Anne Road and Dam Neck 
Road, benefiting from visibility to more than 60,000 vehicles per day. The center serves as a dominant regional shopping destination for Virginia Beach’s densely populated, high-income trade area—home to over 192,000 residents within five miles and an average household income exceeding $119,000. 

The Property is shadow-anchored by Kohls and features an exceptional roster of national retailers including Burlington, Ross Dress for Less, HomeSense, Five Below, PetSmart, Best Buy, Ulta Beauty, Old Navy, Dollar Tree, Skechers  and Walgreens. Prominent food and beverage tenants, including Starbucks, Chipotle, LongHorn Steakhouse, Buffalo Wild Wings, IHOP, Peter Chang’s, Tikka Shack, The Casual Pint and Baker’s Crust, further enhance the property’s daily traffic and dining appeal, reinforcing Landstown Commons as a vibrant, full-service retail and restaurant destination that captures both daytime and evening consumers. The center attracts more than 4.9 million annual visitors with an average dwell time of 50 minutes (Placer.ai, 2026). 

Virginia Beach stands as the economic and population anchor of the Hampton Roads Metropolitan Statistical Area , one of the largest and most diverse coastal economies in the eastern United States. Home to over 1.8 million residents and a labor force exceeding 830,000, the region boasts a remarkably balanced economy, underpinned by the federal defense sector, logistics and shipping, advanced manufacturing, healthcare, higher education, and tourism. According to CoStar, the Hampton Roads MSA has sustained consistent job growth since 2013, with total employment now surpassing pre-pandemic levels. The market’s stability is reinforced by a uniquely recession-resistant base of public-sector and military employment that accounts for nearly 40% of regional GDP.