Harrisonburg and Winchester Va. — Slim Chickens has signed a franchise deal for five new locations in Virginia. Franchisees Oubab and Lama Khalil of Khalil and Hamoudi S.L. Cos. will develop and operate the restaurants, which will be located in Harrisonburg and Winchester. Slim Chickens currently has more than 1,150 units in development.
Mt. Crawford, Va. — An entity doing business as Buc-ee’s Mt. Crawford LLC has purchased 21.3 acres located on Frieden’s Church Road in Mt. Crawford for the development of a Buc-ee’s Super Center at the site. Nathan Shor and Larry Agnew represented the buyer in the $6.6 million transaction. Upon completion, the property will feature 75,000 square feet of retail space, as well as 120 fueling positions, electric vehicle chargers and parking for more than 650 cars. This will mark the second location in the state for the brand.
Henrico, Va. —Divaris Real Estate has brokered the $18.4 million sale of Merchant’s Walk Shopping Center, a 219,972-square-foot retail center located in Henrico, roughly 10 miles northwest of Richmond. Merchant’s Walk was 97 percent leased at the time of sale to 38 retailers. Food Lion, AutoZone and JoAnn Fabric and Craft anchor the property. Qi Lin purchased the 20-acre property from the undisclosed seller. John Madures of Divaris represented the buyer in the transaction. Qi Lin has retained Divaris to lease Merchant’s Walk, which has two retail availabilities. Divaris Property Management …
Springfield, Va. — Whole Foods Market will open a 49,499-square-foot store within Springfield Plaza, a 260,879-square-foot shopping center located in Springfield. The new store, a relocation of an existing Springfield store, will open in early October. The new space nearly doubles the footprint of the original Whole Foods, which has been operating for more than 25 years. Other tenants at Springfield Plaza include Trader Joe’s, CVS/pharmacy, Big Blue Swim, Party Depot, David’s Bridal, Starbucks Coffee, Chipotle Mexican Grill, Panda Express, Verizon Wireless, Inova, Phenix Salon Suites and Wells Fargo.
Woodbridge, Va. — A joint venture between Ideal Realty Group, Rock Creek Property Group and The Sigmund Cos. has purchased a portfolio of four regional shopping centers in Woodbridge for $52.8 million. The properties total 470,000 square feet and include Center Plaza, Mapledale Plaza, Forestdale Plaza and Glendale Plaza, all of which are located within three miles of each other along Dale Boulevard. The centers were 90 percent leased at the time of sale to tenants including Giant Food, Truist Bank, CVS/pharmacy, Ace Hardware, Advance Auto Parts, Wells Fargo and Dollar …
Woodbridge, Va. — Kimco Realty has purchased Stonebridge at Potomac Town Center, a 504,000-square-foot shopping center located in the Washington, D.C., suburb of Woodbridge, for $172.5 million. A 138,500-square-foot Wegmans anchors the property, which was 96 percent leased at the time of sale. Tenants at the center include REI, Ulta Beauty, Starbucks Coffee, Cava, Firebirds Wood Fired Grill, Alamo Drafthouse Cinema and Apple Store, as well as boutique fitness, service and medical retailers. Kimco is exploring redevelopment opportunities at Stonebridge at Potomac Town Center, including three retail outparcels and adding mixed-use …
Chester, Va. — Colliers has brokered the $5.4 million sale of two outparcels at Bermuda Square, a shopping center located in the Richmond suburb of Chester. The properties include a multi-tenant space leased to Aspen Dental and Sleep Number and a single-tenant property occupied by Chipotle Mexican Grill. Separate buyers acquired the properties for $4 million and $1.4 million, respectively. Michael Brewster and Brad Peterson of Colliers represented the undisclosed seller in the transactions, with assistance from Jay O’Donnell and Jeff Fritz of Colliers.
Great Falls, Va. — Marcus & Millichap has brokered the $5.2 million sale of Seneca Corner, a 5,760-square-foot shopping center located in Great Falls, roughly 20 miles outside Washington, D.C. Tenants at the fully leased property include Jersey Mike’s, Domino’s and Five Guys. Dean Zang, David Crotts and Josh Ein of Marcus & Millichap arranged the sale on behalf of the seller, an entity related to the Republic Family of Cos.
Danville, Va. — JLL Capital Markets has arranged the sale of Coleman Marketplace, a 202,578-square-foot shopping center located in Danville. Built in 2008, the property was 88 percent leased at the time of sale to tenants including Marshalls, Ross Dress for Less, Old Navy, Michaels, Burkes Outlet, Bath & Body Works and Rack Room Shoes. Tom Kolarczyk, Jordan Lex, Daniel Naughton and Steele Burkett of JLL arranged the transaction on behalf of the seller, Trimont Real Estate Advisors. PECK Properties represented the buyer, entities doing business as JMV SPE LLC, CV …
New York City — The Necessity Retail REIT Inc. (RTL) has completed the sale of 44 properties leased to Bob Evans restaurants for a total $93 million. The restaurants are located in Kentucky, Indiana, Ohio, Michigan, Delaware, Pennsylvania, Virginia, West Virginia and Maryland. “With this sale, we have intentionally reduced our total portfolio exposure to fast casual dining to less than 2 percent from 4 percent, based on annualized straight-line rent,” says Michael Weil, chief executive officer of RTL.
