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.