Tuesday, December 3, 2024
Read the Digital Magazines
Subscribe

Virginia

Forest-Hill-Shopping-Center_Lynchburg
Investment salesNewsVirginia

Coldwell Banker Commercial Read Brokers $6 Million Sale of Shopping Center in Lynchburg, Virginia

by Katie Sloan

Lynchburg, Va. — Coldwell Banker Commercial Read & Co. has brokered the $6 million sale of Forest Hill Shopping Center, an 82,000-square-foot retail center located at 2820 Linkhorne Drive in Lynchburg. Rick Read and Ricky Read of Coldwell Banker Read represented the seller, an entity doing business as Lynchburg Investment Co. Inc., in the transaction. The brokerage firm has served as the landlord rep for the retail center for the past 20 years. The buyer, Swintstorage Conversion Fund LLC, plans to convert the shopping center’s anchor store into a self-storage facility …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsVirginia

Cohen & Steers, DLC Acquire 119,085-Square-Foot Shopping Center in Metro Washington, D.C. 

by Hayden Spiess

Springfield, Va. — Cohen & Steers and DLC have acquired Springfield Commons, a 119,085-square-foot shopping center located in Springfield, approximately 15 miles outside Washington, D.C. Tenants at the property, which was 78 percent leased at the time of sale, include Pure Gym, Old Navy, Pure Hockey and Staples. The center is situated across from Springfield Town Center. “Valuations in the open-air shopping center sector are attractive,” says James Corl, head of the private real estate group at Cohen & Steers. “The market is revealing compelling investment opportunities.”

Continue Reading
0 FacebookTwitterLinkedinEmail
West-Falls_Falls-Church
DevelopmentLeasingMixed-useNewsVirginia

Two Tenants Sign Leases at West Falls Mixed-Use Development in Northern Virginia

by Hayden Spiess

Falls Church, Va. — Two new tenants are set to join West Falls, a 10-acre mixed-use development currently underway by Hoffman & Associates in Falls Church. Upon completion, the development will span 1.2 million square feet. The new tenants, Dok Khao Thai Eatery and a Chase Bank branch, are scheduled to open at the project next August and next April, respectively. West Falls will feature more than 120,000 square feet of shops and restaurants, as well as The Alder apartments, The Reserve at Falls Church seniors housing community, a Home2 Suites …

Continue Reading
0 FacebookTwitterLinkedinEmail
Waynesboro Town Center
Investment salesNew YorkNewsVirginia

Chase Properties Acquires Two Retail Centers Totaling 350,810 Square Feet in New York, Virginia

by Hayden Spiess

Ithaca, N.Y. and Waynesboro, Va. — Chase Properties has acquired two retail centers — Creekside Plaza in Ithaca, New York, and Waynesboro Town Center in Waynesboro, Virginia. Built in 2001, Creekside Plaza comprises 180,000 square feet. Tenants at the property, which was 95 percent leased at the time of acquisition, include Dick’s Sporting Goods, HomeGoods, Barnes & Noble and O’Reilly Auto Parts. Waynesboro Town Center was built in 2007 and was 98 percent leased at the time of acquisition. Tenants at the 170,810-square-foot property include Ross Dress for Less PetSmart, Burlington …

Continue Reading
0 FacebookTwitterLinkedinEmail
Fairfax-Towne-Center_Fairfax-Va
GeorgiaGrocery-anchoredInvestment salesNewsTexasVirginia

Sterling Acquires $180.5 Million Shopping Center Portfolio 

by Hayden Spiess

West Palm Beach, Fla. — The West Palm Beach-based Sterling Organization has acquired a portfolio of three shopping centers for $180.5 million. The portfolio was purchased on behalf of the value add fund investment vehicle Sterling Value Add Partners IV L.P. ,and SITE Centers was the seller. The properties include Fairfax Towne Center in Fairfax, Virginia; Presidential Commons in Snellville, Georgia; and Village at Stone Oak in San Antonio.  Safeway anchors Fairfax Towne Center, which totals 253,392 square feet. Other tenants at the property include T.J. Maxx, Regal Cinemas and JOANN …

Continue Reading
0 FacebookTwitterLinkedinEmail
White-Oak-Village-Center_Richmond-Va
Grocery-anchoredInvestment salesNewsVirginia

Cushman & Wakefield Brokers Sale of 397,605-Square-Foot Shopping Center in Richmond, Virginia

by Hayden Spiess

Richmond, Va. — Cushman & Wakefield has brokered the sale of White Oak Village Center, a 397,605-square-foot shopping center located in Richmond. Triple BAR White Oak acquired the property, which was 94 percent leased at the time of sale, from an undisclosed seller. Publix, Michaels, PetSmart and JCPenney anchor the center. John Owendoff and Catharine Spangler of Cushman & Wakefield represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Creekside-Station_Winchester-Va
Investment salesNewsVirginia

CRC Acquires 126,304-Square-Foot Retail Center in Winchester, Virginia

by Hayden Spiess

Winchester, Va. — Continental Realty Corp. (CRC) has acquired Creekside Station, a 126,304-square-foot retail center in Winchester. Creekside Properties sold the center for $19.5 million. CRC, which was self-represented in the transaction, purchased the property with funds from the Continental Realty Opportunistic Retail Fund I LP (CRORF), marking the second acquisition in the state this year for the buyer. Built in 2003 and situated within Creekside Town Center, Creekside Station was 95 percent leased at the time of sale. Tenants at the property include Chico’s, J.Jill, Jos. A Bank, IJ Canns …

Continue Reading
0 FacebookTwitterLinkedinEmail
LL-Flooring
Company newsFinanceNewsVirginia

LL Flooring Files for Chapter 11 Bankruptcy Protection, Plans to Close 94 Stores

by Hayden Spiess

Richmond, Va. — LL Flooring (NYSE: LL), a specialty flooring retailer, has commenced voluntary Chapter 11 bankruptcy proceedings. The Richmond, Virginia-based company, which operates more than 300 stores, will also be delisted from the New York Stock Exchange. The company plans to use the Chapter 11 proceedings to pursue a “going concern sale” of its business, meaning that a buyer could continue business upon acquisition. LL Flooring says it “remains in active negotiations with multiple bidders” and hopes to seek approval from the U.S. Bankruptcy Court for the District of Delaware …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNewsRestaurantsVirginia

Chicken Salad Chick Plans Eight Restaurants in Metro Washington, D.C. 

by Hayden Spiess

Falls Church, Va. — Chicken salad restaurant concept Chicken Salad Chick has opened a new restaurant in Falls Church, a suburb of Washington, D.C. The first of eight units planned in the Northern Virginia suburbs of D.C., this marks the brand’s first entry into the market. Franchisee Devon Chamberlin will own and operate the units, with the next restaurant to be opened in Fairfax. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Fresh-Market_West-Falls_Falls-Church
Grocery-anchoredLeasingMixed-useNewsVirginia

The Fresh Market to Open Two Grocery Stores Totaling 56,000 Square Feet in Metro DC 

by Hayden Spiess

Reston and Falls Church, Va. — The Fresh Market has announced plans to open stores as an anchor tenant within two mixed-use developments in metropolitan Washington, D.C. The grocer will occupy approximately 27,000 square feet of space at Reston Station, a mixed-use development in Reston by Comstock Cos.; and 29,000 square feet at West Falls, a 10-acre mixed-use development in Falls Church by Hoffman & Associates. Both new stores are expected to open within the next three years, with the West Falls store scheduled to open by mid-2026. The Fresh Market …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts