Henrico County, Va. — Green Clean Express Auto Wash has purchased approximately one acre of land at 9486 West Broad St. in Henrico County, about 8 miles from Richmond. Green Clean Express plans to develop its third location in the Richmond metropolitan area. Alex Wotring of Cushman & Wakefield | Thalhimer represented the buyer in the $1.5 million sale transaction. The seller was not disclosed.
Zion Crossroads, Va. — Cushman & Wakefield | Thalhimer has arranged the $4.9 million sale of Freedom Drive Shops, a 10,296-square-foot retail strip center in Zion Crossroads, about 17 miles from Charlottesville. The property is fully leased to tenants such as Dunkin’ Donuts and Anytime Fitness. The sale also included adjoining land for future development totaling approximately 3.5 acres on Freedom Drive at Route 15. L&D Land Trust purchased the retail center and surplus land from an entity known as Freedom Drive Shops LLC. Catharine Spangler and John Pritzlaff of …
Richmond, Va. — An affiliate of Klein Enterprises has acquired The Row at GreenGate, a 100,000-square-foot shopping center located within the 75-acre GreenGate master-planned development in Richmond. Markel | Eagle sold the property in an off-market transaction. Built in 2017, the center is 94 percent leased to tenants including Lidl, Starbucks Coffee, Pure Barre, Purify, The Daily Kitchen & Bar, Red Salt Chophouse & Sushi and The Mellow Mushroom. Colliers represented the undisclosed seller in this transaction, and will continue to handle leasing of the property. JLL represented Klein in …
Falls Church, Va. — Three new retailers are set to open at Birch & Broad, a 144,000-square-foot shopping center currently undergoing renovations in Falls Church. New retailers set to open in 2022 include Crumbl Cookies, Bolay Fresh Bold Kitchen and Aqua-Tots Swim Schools. Crumbl Cookies plans to open in March 2022 and will occupy a 1,597-square-foot space between Jersey Mike’s Subs and Domino’s Pizza. Bolay Fresh Bold Kitchen is set to open within a 2,972-square-foot space near Plaka Grill and Pacific Dental Services LLC. Aqua-Tots Swim Schools will occupy a …
Charlottesville, Va. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the sale of Rio Roads Shops, a 14,696-square-foot retail strip center located in Charlottesville. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the seller, Rio Road Shops LLC. A private, Richmond-based investment firm acquired the property for $7.2 million as part of a 1031 exchange. The center is fully leased to five tenants, including Verizon, Jimmy Johns, Mattress Firm, SportClips and Vitamin Shoppe.
Salisbury, N.C. — Food Lion has remodeled 87 stores across Georgia, Kentucky, North Carolina, South Carolina, Tennessee and Virginia for $127 million. The company’s recently unveiled new format offers a wider variety and assortment of goods across all departments; a greater number of natural, gluten-free and organic items; a larger variety of local craft beer and limited reserve wines; a bigger selection of easy and affordable meals for families; a wider variety of grab-and-go items and pre-sliced deli meats and cheeses; a larger selection of fresh produce and meat; a …
Petersburg, Va. — Eastern Union has secured an $8.2 million loan for the acquisition of South Crater Square and Pinehill Plaza, two single-story retail centers in Petersburg. Marc Tropp of Eastern Union arranged financing for the acquisition, which had a sales price of $10.3 million in total, on behalf of the buyer, Pikesville, Maryland-based America’s Realty. The retail centers, which total 192,510 square feet, are situated opposite from each other along South Crater Road. South Crater Square is a 107,028-square-foot center that was 83 percent leased at the time of …
Manassas, Va. — Cushman & Wakefield | Thalhimer has arranged the sale of Portsmouth Station Shopping Center, a 147,305-square-foot neighborhood retail center located roughly 31 miles outside Washington, D.C. in Manassas, Virginia. Petroleum Marketing Group acquired the property for $19.5 million. Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group arranged the sale. Sharon Schmidt and Berkley Mitchell with Thalhimer’s Fredericksburg office will handle leasing for the center. The property was 78 percent leased at the time of sale to 20 tenants including Regency Furniture and Aldi. The …
Fredericksburg, Va. — Newmark has brokered the sale of a 25,760-square-foot single-tenant retail property occupied by Bassett Furniture at 1551 Carl D. Silver Parkway in Fredericksburg. Matt Berres, Mat Adler and Samer Khalil of Newmark represented the seller, a private Midwest-based investor. A private buyer from Los Angeles purchased the property for $3.1 million.
Alexandria, Va. — Wegmans Food Markets Inc., a 106-store supermarket chain based in Rochester, N.Y., plans to open a new store at Carlyle Crossing, a 1.7 million-square-foot mixed-use development underway in Alexandria. Located just off Eisenhower Ave. at 150 Stovall St., the store is scheduled to open in spring 2022. The store will employ approximately 450 people, with 150 full-time positions offered. The 81,300-square-foot Wegmans will include a Market Café, a bar and coffee shop, and The Burger Bar, a casual restaurant counter that serves burgers, sandwiches and fries. The …