Lynchburg, Va. — CBL & Associates Properties Inc. has sold the majority interest in River Ridge, a 764,243-square-foot regional mall located in Lynchburg, to Liberty University.
Manassas, Va. — Sterling Organization has purchased Westgate Shopping Center, a grocery-anchored shopping center located in the Washington, D.C., suburb of Manassas, for $42.5 million.
Bristol and Glen Allen, Va. — Publix Super Markets Inc. has signed two leases for stores in Virginia, which will be the first two stores in the state for the Lakeland, Florida-based grocer.
Falls Church, Va. and Hagerstown, Md. — Retail Properties of America Inc. (RPAI) has acquired a two-property portfolio of shopping centers in the Baltimore-Washington, D.C. corridor for a combined purchase price of $72.7 million.
Newport News, Va. — Inland Real Estate Income Trust Inc. has acquired Marketplace at Tech Center, a 210,000-square-foot newly constructed power center located in Newport News.
Richmond, Va. — Chicago-based Starwood Retail Partners is set to begin a $50 million redevelopment of Stony Point Fashion Park, a retail center located in Richmond.
Virginia Beach, Va. — CBRE|Richmond has arranged the $12 million sale of a Walgreens Pharmacy in Virginia Beach.
Williamsburg, Va. — Harrison, New York-based The Cotswold Group has acquired Williamsburg Crossing Shopping Center, a Food Lion-anchored 150,000-square-foot shopping center located in Williamsburg.
Fredericksburg, Va. — Coldwell Banker Commercial Elite has arranged the $4.6 million sale of a 13,900-square-foot retail building located in Fredericksburg.
Yorktown, Va. — KeyBank Real Estate Capital has secured a $20.4 million non-recourse, CMBS first mortgage for Village Square at Kiln Creek, a 267,021-square-foot grocery-anchored retail center located in Yorktown.