Riversedge North - 2529 Virginia Beach Blvd, Virginia Beach, VA 23452

Colliers is pleased to exclusively market for sale a single-tenant corporate
leased office building located in the Norfolk/Virginia Beach MSA in Coastal
Virginia. Riversedge North is an extremely attractive office building with
excellent accessibility from I-264 and central location in Virginia Beach. The
building benefits from a deep nearby tenant amenity base (particularly in the
Lynnhaven/Great Neck corridor, Virginia Beach Town Center area) as well as
the nearby Oceana Naval Air Station and its close proximity to the Laskin Road
corridor and the Virginia Beach Oceanfront. The location also benefits from its
convenient access to a high income residential base for employee access
convenience.

The subject property is occupied by Wheeler Real Estate Investment Trust
(NASDAQ: WHLR) and serves as their national corporate headquarters.
Wheeler REIT built this headquarters building in 2007. They will commence a
corporate guaranteed 10-year lease of the entire building at an attractive market
rental rate. As an owner-occupied building of this age, caliber, and condition, this
property is a signature location in Hampton Roads

Wheeler REIT owns and manages necessity based shopping centers throughout
the mid-Atlantic and Southeast and occupies the entire building. The second
floor is served by an elevator and two stairwells and the building lends itself to
housing multiple tenants. The building is nestled in one of the most scenic areas
in the Lynnhaven submarket.