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Poe & Cronk Announces the Sale of Lakeside Retail Center, Salem, Virginia

16 Church Avenue, Roanoke, VA SALEM, VA - August, 2009 - Poe & Cronk Real Estate Group today announced the sale of Lakeside Retail Center in Salem, Virginia.

The 20,000 SF Building located at 227 Electric Road (Route 419), Salem sold for $1.17 Million. Cindy Fendley, CCIM represented the owner in the transaction. The new owner will upgrade the property with façade improvements. Currently 3,250 SF rental space is available. Fendley will continue in the role of the Leasing Agent.

About Poe & Cronk

Poe & Cronk (www.poecronk.com) is locally owned and internationally recognized as a leading full-service commercial real estate company. A team of real estate professionals with more than 200 combined years of experience offers expertise in marketing and managing commercial, industrial and investment properties. Organized in 1987, Poe & Cronk provides comprehensive commercial, industrial and investment real estate services throughout Western Virginia.