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The Shops at Wellesley is 94% leased
The Shops at Wellesley is 94% leased
Katherine Schulte// August 25, 2023//
A neighborhood retail center in Henrico County sold for $10.1 million on Aug. 17.
Named The Shops at Wellesley, the 42,318-square-foot shopping center is located at 3416-3470 Lauderdale Drive. The center was built in 1992 and occupies a 6.99-acre lot, according to county property records. It was 94% leased at the time of sale with 18 tenants, including Corner Barre and Montessori Kids Universe Short Pump, according to a Cushman & Wakefield | Thalhimer news release.
Raleigh, North Carolina-based Liberty Investment Partners bought the property from Wellesley LLC. Catharine Spangler with Cushman & Wakefield | Thalhimer’s Capital Markets Group and John Owendoff out of Cushman & Wakefield’s Washington, D.C., office completed the transaction. Jim Ashby and Reilly Marchant with Thalhimer’s leasing team assisted in the sale.
