Cushman & Wakefield | Thalhimer to lease DDR retail portfolio in Richmond
Cushman & Wakefield | Thalhimer said Wednesday that it has been selected by DDR Corp. to provide exclusive leasing services for a combined portfolio of about 1.2 million square feet of retail space in the Richmond metropolitan area.
DDR, based in Beechwood, Ohio, is a publicly traded real estate investment trust that owns and manages a portfolio of shopping centers across the U.S.
The Richmond assignment includes three major retail centers. White Oak Village is a 955,538-square-foot regional shopping power center located off Laburnum Avenue in Eastern Henrico County. It’s anchored by tenants such as Target, Publix, Petsmart, JCPenney and Lowe’s.
Commonwealth Center is a 165,611-square-foot regional center located at Commonwealth Center Parkway off Hull in Chesterfield County. Major tenants include Stein Mart, Michaels, The Fresh Market and Old Navy.
Downtown Short Pump, off Broad Street and adjacent to Short Pump Town Center in Henrico County, comprises about 125,861 square feet of space. Retailers include Regal Cinemas, Barnes & Noble, Mattress Warehouse and World of Beer. James Ashby IV and Richard Thalhimer will serve as Thalhimer’s exclusive leasing representatives.
“We are thrilled to team with DDR on these trophy retail assets in the Richmond market,” Ashby said in a statement.