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Chesterfield shopping center sells for $4.8M

Tenants include Xfinity, Sleep Number

//December 1, 2023//

The shopping center at 11530 Midlothian Turnpike in Chesterfield County sold for $4.8 million. Photo courtesy Cushman & Wakefield | Thalhimer.

The shopping center at 11530 Midlothian Turnpike in Chesterfield County sold for $4.8 million. Photo courtesy Cushman & Wakefield | Thalhimer.

The shopping center at 11530 Midlothian Turnpike in Chesterfield County sold for $4.8 million. Photo courtesy Cushman & Wakefield | Thalhimer.

The shopping center at 11530 Midlothian Turnpike in Chesterfield County sold for $4.8 million. Photo courtesy Cushman & Wakefield | Thalhimer.

Chesterfield shopping center sells for $4.8M

Tenants include Xfinity, Sleep Number

// December 1, 2023//

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The Corner Shops at Chesterfield Towne Center has a new owner.

Midlothian Pike Investments sold the 8,120-square-foot retail center for $4.8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Nov. 22.

1834 East 4 Street LLC purchased the shopping center, located at 11530 Midlothian Turnpike, as an investment as part of a 1031 tax-deferred exchange.

Tenants at the shopping center, located at 11530 Midlothian Turnpike, include Xfinity, Sleep Number, CPR Cell Phone Repair and Compete Dental Care of Richmond.

1834 East 4 Street LLC purchased the center as an investment as part of a 1031 tax-deferred exchange. Clark Simpson and Erik Conradi of Cushman & Wakefield | Thalhimer Capital Markets Group, as well as Ted Levin, also with Thalhimer, handled the sale negotiations on behalf of the seller.

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