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 …
Fairfax, Va. — Federal Realty Investment Trust has purchased Twinbrooke Shopping Centre, a 110,000-square-foot, grocery-anchored shopping center in Fairfax. The undisclosed seller sold the property to Federal Realty for $33.8 million. Located at 9525 Braddock Road, Twinbrooke Shopping Centre was 86 percent leased at the time of sale to tenants such as anchors Safeway and Walgreens. Other tenants include Outback Steakhouse, Pho Saigon 75, Waraku Japanese Restaurant, Potomac Valley Veterinary Hospital, Twinbrook Music Inc., Hair Xpressions Fairfax and 153 Barber Shop. Federal Realty anticipates increasing the value of Twinbrooke over …
North Chesterfield, Va. — Cushman & Wakefield | Thalhimer has arranged the sale of Midlothian Crossing in North Chesterfield, about 9.7 miles south of Richmond. Midlothian Crossing is an 87,938-square-foot shopping center that was 95.6 percent leased at the time of sale to tenants such as Big Lots and Goodwill. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the seller, an entity doing business as RCC Midlothian Crossing LLC. The Richmond-based buyer, an entity doing business as 8501 MIDLO PIKE LCC, acquired the property for $6.6 million. Located off …
Richmond, Va. — Cushman & Wakefield has arranged the sale of Short Pump Station, a 91,369-square-foot, grocery-anchored shopping center in Richmond. Wafra Inc. purchased the property for $46.8 million. Located at 11800 West Broad St., Short Pump Station is situated about 15.4 miles from downtown Richmond and is close to Route 288 and Interstates 64 and 295. Trader Joe’s, Ulta Beauty and Petco anchor the center, which was 91 percent leased at the time of sale. John Owendoff of Cushman & Wakefield represented the sellers, a joint venture between BayNorth …
Fairfax, Va. — Finmarc Management Inc. has sold a 76,000-square-foot, Giant Food-leased retail building in Fairfax to Signet Springfield for $39.8 million. The property is situated within Springfield Plaza, a shopping center with retail tenants such as AT&T, Chipotle Mexican Grill, David’s Bridal, CVS/pharmacy and Little Caesars Pizza. Last year, Giant Food relocated to its current building under a long-term lease. The new store features a full-service Starbucks Coffee shop with seating, as well as a PNC Bank branch. Ryan Sciullo, Chris Bosworth and Bill Kent of CBRE represented Finmarc …
Virginia Beach, Va. — Colliers has arranged the $6.4 million sale of Buckner Plaza, a 63,500-square-foot shopping center located at 3208 Holland Road in Virginia Beach. Jeffrey Fritz and Jay O’Donnell of Colliers represented the seller, Club Forest Buckner LLC, and Michael Ettel of Colliers represented the buyer, VB-GC-RA 18 LLC. Buckner Plaza is located on a 5.5-acre parcel along Holland Road. The property was 95.4 percent leased at the time of sale to tenants including Food Lion and Dollar General.
Powhatan, Va. — JWN Properties LLC has sold The Maxey Center, a 17,235-square-foot, shopping center located at 3452 Anderson Highway in Powhatan, for $4.3 million. Nathan Shor, Elliot Warsof, Thomas Langston, Chris Zarpas and Mike Zarpas of S.L. Nusbaum Realty Co. represented the seller in the transaction. Ruffin Mill LLC, a local investor represented by Mike Carroll of General Land, was the buyer. The center is fully leased to tenants including Powhatan Medical Associates, Edward Jones, Angela’s Italian Restaurant, ERA Napier and Powhatan Gentle Dentistry.
Richmond, Va. — A joint venture between Elevation Real Estate Group, Auerbach Funds and Beechmont Acquisitions has begun redevelopment at Parc Place at Short Pump Town Center, an 82,968-square-foot shopping center in the Richmond suburb of Short Pump. Renovations will include an upgrade to the center’s façade; the addition of new lighting; parking lot repairs and re-striping; upgraded landscaping; and a new marquee sign and logo. In addition, Ocean Crab Seafood will open its first Virginia location and become the anchor restaurant tenant for the center. Renovations are underway and …
Suffolk, Va. — Cushman & Wakefield | Thalhimer has arranged the sale of Harbour View Shoppes, a retail center located at 5883-5889 Harbour View Boulevard in Suffolk. The center is fully leased to tenants including Starbucks Coffee and Verizon. A family trust based in North Carolina purchased the 17,774-square-foot retail property for $6.8 million. Clark Simpson of Cushman & Wakefield | Thalhimer represented the undisclosed seller in the transaction.
