Retail strip center in Richmond sells for $1.9 million
The Capital Markets Group of Cushman & Wakefield | Thalhimer represented HM Real Estate Holding LLC in the sale of a 15,220-square-foot retail strip center at 7601 W. Broad Street in Richmond. Richmond Properties LLC purchased the property for $1.9 million as an investment. According to Thalhimer, the center is 100 percent leased.
In other Central Virginia lease transactions:
Trane US Inc. leased 23,200 square feet in Crescent Business Center II at 10404 Lakeridge Parkway in Hanover County. Thalhimer’s Scott Douglas and Franklin Bell handled lease negotiations.
In Charlottesville, Verizon renewed its lease for 10,548 square feet at 874 Rio East Ct. Alicia Farrell handled lease negotiations.