Virginia

Midlothian, Va. — Cushman & Wakefield has arranged the sale of Charter Colony, a 71,741-square-foot grocery-anchored shopping center in Midlothian, about 14 miles from Richmond. John Owendoff of Cushman & Wakefield, in conjunction with Eric Robison and Catharine Spangler of Cushman & Wakefield | Thalhimer, represented the seller in the transaction. Michael Zelin and Marshall Scallan of Cushman & Wakefield will secure post-acquisition financing on behalf of the buyer. Built in 2015, Charter Colony was 98 percent leased at the time of sale to tenants including anchor Publix.

Midlothian, Va. — Colliers has brokered the sale of a 31,394-square-foot retail property located at 1200 Huguenot Road in Midlothian, about 14 miles from Richmond. The freestanding store is leased to The Fresh Market. An entity known as 101 North A ST LLC acquired the property for $6.9 million. Mark Williford, Will Bradley, Peter Vick and Harrison Hall of Colliers represented the seller, an entity doing business as 1200 Huguenot Road LLC.

Virginia Beach, Va. — JFS Real Estate LLC has purchased Indian River Shopping Center, a 128,017-square-foot retail center in Virginia Beach, for $6 million. The property was fully occupied at the time of sale by tenants including Burlington, Food Lion, It’s Fashion and One Price Cleaners. Mike Zarpas of S.L. Nusbaum Realty Co. represented the seller, Earle W. Kazis Associates Inc., and Janet Whitbeck of Cushman Wakefield | Thalhimer represented the buyer in this transaction. Zarpas will also represent the new owner in repositioning the property.

New York City and McLean, Va. — Ares Management Corp. (NYSE: ARES) has acquired Capital Automotive LLC, a McLean-based firm that specializes in the sale-leaseback of car dealerships under new triple-net leases. Ares purchased the company through its alternative credit strategy division and real estate group for $3.8 billion. The seller was a private real estate fund managed by Brookfield Asset Management (NYSE: BAM). Capital Automotive owns more than 250 real estate assets in the United States and Canada that are structured under long-term, triple-net leases to various car dealers. …

Salem, Va. — A joint venture between Essential Growth Acquisition Properties and Viking Partners has acquired Spartan Square, a 180,346-square-foot shopping center in Salem, about 15 miles west of Roanoke. Will Bradley, Mark Williford, Peter Vick and Harrison Hall of Colliers represented the seller, an entity known as Spartan Square LP, in the transaction. The sales price was not disclosed. Anchored by Kroger, Spartan Square was 91 percent leased at the time of sale to tenants including Dollar Tree, Pet Supplies Plus, Starbucks and Truist.

Marion, Va. — SRS Real Estate Partners’ Investment Properties Group has brokered the sale of Marion Shopping Center, a 50,275-square-foot multi-tenant retail center in Marion. The buyer, Eire Investments USA LLC, purchased the property for an undisclosed price. Kyle Stonis and Pierce Mayson of SRS represented the undisclosed seller in the transaction. Anchored by Food Lion, Marion Shopping Center is fully occupied by retailers such as CVS/pharmacy and Fresenius Medical Care. Both Food Lion and CVS/pharmacy have been at the property for over 35 years. Fresenius recently signed a 10-year …

Arlington, Va. — McCaffery Interests Inc. has sold a 3,100-square-foot retail property located roughly five miles outside Washington, D.C., in Arlington for $4 million. Built in 1979, the 3,100-square-foot, two-story property was occupied by Wireless Rxx and Starbucks Coffee at the time of sale. Andrew Fallon and Rick Fernandez of SRS represented the seller in the disposition of the property to an undisclosed, Virginia-based private buyer operating in a 1031 exchange.