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 …
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 …
Cushman & Wakefield Arranges $46.8 Million Sale of Trader Joe’s-Anchored Shopping Center in Richmond
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 …