Ashland, Va. — The Palomar Group has brokered the sale of Ashland Junction, a 141,701-square-foot retail property located roughly 18 miles outside Richmond in Ashland, to Peck Properties. Phillips Edison & Co. sold the center for $8.1 million. Ryan McArdle, Steve Collins and David Rivers of Palomar brokered the transaction. The property, which was built in 1989, was 92 percent occupied at the time of sale by tenants including Roses, Anytime Fitness, CVS/pharmacy and Food Lion.
Palomar Group Brokers $8.1 Million Sale of Ashland Junction Retail Property in Metro Richmond