Please ensure Javascript is enabled for purposes of website accessibility
Upcoming Event

Best Places to Work in Virginia

Hamburger Menu Hamburger Menu

Tag: Food Lion

Midlothian shopping center under new management

A Midlothian shopping center anchored by a Food Lion is under new management after selling in late July for $19.6 million.

Norfolk-based S.L. Nusbaum Realty Co. will handle leasing and management for 15-acre Village Marketplace, located at 13100 Midlothian Turnpike in Chesterfield County. The 131,814-square-foot center’s tenants include Hallmark, H&R Block, Spectrum Paint, Kabuto Japanese Steakhouse, MY Taekwondo, Kidtopia, Diamond Billiards, Battle Grounds and Subway. Outparcel buildings located in the center were not included in the sale.

Village Marketplace LLC, an affiliate of SunCap Real Estate Investments, purchased the shopping center from Red Dog Capital LLC, which bought it in April 2022 for $12.6 million, according to Chesterfield County records.

While the center has consistently maintained near 100% occupancy, spaces ranging from 2,000 square feet to 4,970 square feet are available for lease, S.L. Nusbaum said in a news release.

“We are thrilled to include Village Marketplace in our property portfolio and eagerly anticipate collaborating with the landlord and our management team to achieve successful leasing and management outcomes for the center,” Carter Wells, an associate at S.L. Nusbaum, said in a news release.

Chesterfield shopping center sells for $4.92M

A Chesterfield County shopping center anchored by a Food Lion has sold for $4.92 million.

Cushman & Wakefield | Thalhimer’s Capital Markets Group represented seller 360 Associates LLC in the sale of Deer Run Village, which also features seven small shop tenants, located at 13947 and 13941 Raised Antler Circle in Chesterfield County, according to an announcement Thursday.

The 56,900-square-foot property was 100% leased at the time of the sale and was acquired on May 26. Information about the purchaser was not immediately available.

Catharine Spangler in Thalhimer’s Richmond office handled disposition efforts on behalf of the seller, along with Danielle Beckstoffer of Thalhimer’s retail leasing team.