Virginia

Kingstowne, Va. — Avison Young has brokered the sale of a retail portfolio totaling 410,398 square feet in Kingstowne, located approximately 13 miles southwest of Washington, D.C. in Fairfax County. Rockville, Maryland-based Federal Realty Investment Trust (NYSE: FRT) purchased the portfolio for $200 million. The retail portfolio includes a significant portion of Kingstowne Towne Center, a live-work-play power center in Virginia. The property is 97 percent leased to 61 tenants, including supermarkets Safeway and Giant. According to local news outlets, the center also features tenants T.J. Maxx, Ross, HomeGoods, &pizza …

Midlothian, Va. — Cushman & Wakefield | Thalhimer has arranged the sale of 11251 Hull Street Road, a 6,400-square-foot freestanding retail building in Midlothian, about 15 miles from downtown Richmond. James Ashby IV of Cushman & Wakefield | Thalhimer represented the buyer, MB Ventures LLC. An entity doing business as KLS Hilltop LLC sold the property for $2.1 million. The property is fully leased by Safelite AutoGlass, a Columbus, Ohio-based provider of vehicle glass repair, replacement and calibration services.

Christiansburg, Va. — SRS Real Estate Partners has brokered the $8.2 million sale of North Shops at Spradlin Farm, a 17,290-square-foot, multi-tenant retail center in Christiansburg. Britt Raymond, Kyle Fant, Matthew Mousavi and Patrick Luther of SRS represented the seller, a North Carolina-based shopping center investment fund. Tyler Price of Price Richards Commercial represented the buyer, a California-based investment firm, in the 1031 exchange transaction. Built in 2000, North Shops at Spradlin Farm was fully occupied at the time of sale by tenants including Mattress Firm, AT&T, Supercuts and MedExpress. …

Richmond, Va. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the $13 million sale of Gold’s Gym Plaza in Richmond to Seminole Trail Annex LLC. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the sellers, West Tower LLC and SugarOak Investments. Located at 8900 West Broad St., the property includes 124,275 square feet of retail throughout five buildings. The center was fully leased at the time of sale and is co-anchored by Gold’s Gym and Regal Cinemas. The 44,000-square-foot box anchored by Regal Cinemas and an …

Springfield, Va. — Cushman & Wakefield has arranged the sale of Backlick Center, a 48,267-square-foot shopping center in Springfield, about 14 miles from Washington, D.C. John Owendoff of Cushman & Wakefield represented the seller, a Dallas-based real estate fund advised by Crow Holdings Capital, in the transaction. Glazer Properties acquired the property for $25 million. Backlick Center was 91 percent leased at the time of sale to tenants including Chick-fil-A, Advance Auto Parts, Outback Steakhouse and Taco Bamba.

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.