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Robert Powell, III// August 1, 2016//
A Walmart Neighborhood Market store in Chesterfield County has been sold for more than $12 million.
Capital Pacific, a San Francisco-based retail investment brokerage firm, said it represented the seller of the 41,117-square-foot building at 7,000 Iron Bridge Road, Denver-based Confluent Development.
The buyer was a private investor from Florida who was not identified.
Confluent Development was one of the first build-to-suit developers chosen to develop a group of Walmart Neighborhood Markets in 2014.
The market was the 11th Walmart Neighborhood Market store that Zeb Ripple and Zandy Smith of Capital Pacific have sold for Confluent Development.
Capital Pacific has sold a total of 13 Walmart stores stores to date, with a combined transaction value of $145 million.
The brokerage firm sells single and multi-tenant properties throughout Northern California, and across the US. It has completed over $8.89 billion in retail transactions for institutional and private clients.
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