Rio Road Shops

Cushman & Wakefield | Thalhimer Arranges $7.2 Million Sale of Retail Center in Charlottesville, Virginia

by Julia Sanders

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.

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