3/21/2008

Marcus & Millichap sells Richmond retail center for $17M

by
Bond Companies, a Chicago, Ill.-based mixed-use developer, has purchased the Beaufont Center, a shopping center in Richmond, Va., for $17 million from GSC/Jon Perel.

Mike Dillon, Michael Early and Matthew Greenspon of Marcus & Millichap represented both parties in the transaction. Thalhimer/Cushman & Wakefield have been hired to serve as the property manager and leasing agent.

The retail center spans 314,898 square feet and contains a mixture of large, midsize and small shops including BK Music, Dollar Tree and Wachovia Bank. It is situated on 47.2 acres at 5401 Midlothian Turnpike. Global shipping concern UPS occupies over half of the center with 169,876 square feet leased.

Address: 5401 Midlothian Turnpike, Richmond, Va.

Size: 314,898 square feet

---

Filed Under: Retail

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009