M id A tlantic Real Estate Journal — March 19 - April 15, 2021 — 23A
www.marej.com
Robison completes sale totaling $29.5 million Cushman&Wakefield | Thalhimer’s Capital Markets Group inks sale of 140,573 s/f office building
ICHMOND, VA — Cushman & Wake- field | Thalhimer’s Capital Markets Group has arranged the following trans- actions: Cushman & Wakefield | Thalhimer’s Capital Mar- kets Group has represented the seller in the sale of the Edgeworth Building, an iconic, adaptive reuse office building located along historic Tobacco Row at 2100 East Cary St. in Richmond, VA. Totaling 140,573 s/f the Edgeworth Building is 95% leased to an institutional and diverse tenant base. A family office out of New York, NY acquired the asset on February 26, 2021 for $29.5 million ($210/SF). The sale was completed by Eric Robison of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Richmond, Virginia. “The sale of the Edgeworth Building represents a re-com- mitment from investors to own high quality, well located office properties in spite of recent headwinds in the mar- ket presented by the Covid-19 pandemic,” said Eric Robi- R TYSONS CORNER, VA — Divaris Real Estate, Inc. (DRE) , announced the com- pletion of eight transactions totaling 50,221 s/f of leased commercial space. PNC Bank sold the 3,750 s/f former bank facility located at 236 North Washington St. in Havre De Grace, MD to FLK INVESTMENTS, LLC for $545,000. Amit Grover and Joe Farina represented the seller in the transaction. AutoZone leased 29,551 s/f of retail space on an outparcel pad site with drive-thru in the Divaris-leased Ashburn Town Square located at 43931 Farmwell Hunt Plaza in Ash - burn VA. Farina and Grover represented the landlord in the lease negotiations. An- chored by Lotte Market and CVS, Ashburn Town Square
The Shoppes at River Forest in Chester, VA
Veterans Affairs facility
Edgeworth Building in Richmond, VA
outpatient clinic, occupied fully by the U.S. Department of Veterans Affairs, will fea- ture 2,600 parking spaces and create more than 550 jobs. Construction is expected to begin in 2021 and estimated to be complete in late 2023. Jamie A. Scully, CCIM of Cushman & Wakefield | Thalhimer represented the purchaser; AdamNelson and Virgil G. Nelson, CCIM , also with Thalhimer, handled the sale negotiations on behalf of the seller. MAREJ sold 2.122 acres of land lo- cated at 318-322 Ashcake Rd. in Ashland, VA for $195,000 to Nayar Healthcare, LLC. Read Good e represented the seller in the transaction. Ruth’s Chris Steak House renewed its lease for 9,205 s/f of retail space The Shop- pes at Bellgrade located at 3011-3099 Polo Parkway in Midlothian. Brett McNamee and Ali McCrickard repre- sented the tenant in the lease negotiations. Blue Raven Solar renewed its lease for 2,305 s/f of office space in the Divaris-leased and -managed Fountain Park located at 9321 - 9327 Midlo- thian Turnpike inMidlothian. Madeleine Alderman and Jimmy Cunneen represent- ed the landlord in the lease negotiations. MAREJ
to nine tenants at the time of the sale. The tenant ros- ter includes a diverse mix of national, regional and local operators. PGP River Forest, out of Ra - leigh, NC, acquired the asset on February 26, 2021 for $6 million ($195/SF). The transac - tion was completed by Catha- rine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group and leasing advisors Pete Wald- bauer and Nicki Jassy , also with Thalhimer.
Cushman & Wakefield | Thalhimer is pleased to an- nounce the sale of 48.75 acres of land along Rt. 1 and I-95, at 5317 Jefferson Davis Highway, in Spotsylvania County, VA. Carnegie Management and Development Corporation, an Ohio Corporation, purchased the acreage from SH-Thomp- son, L.P. and JDH, LLC for $8.5 million. The developer plans to construct one of the largest Veterans Affairs facil- ity in the United States. The new 450,000 s/f four-story s/f of retail space in in the Divaris-leased Kingstowne Towne Center located at 5942 Kingstowne Towne Center in Alexandria, VA. Brandon Howard and e Farina rep - resented the landlord in the lease negotiations. Safeway, HomeGoods and T.J.Maxx anchor Kingstowne Towne Center that also has World Market, Pizzeria Uno, Maca- roni Grill, Mattress Firm, Chipotle, Sweet Frog, Game - Stop, Five Below, Century 21, Panera, CAVA and Virginia ABC Store as tenants. MoCo Nutri t ion leased 1,029 s/f of retail space in Century Boulevard Plaza 19851-19861 Century Blvd. in Germantown, MD. Tony Thur represented the tenant in the lease negotiations. MediCorp Properties, Inc.
son , executive vice president at Cushman & Wakefield | Thalhimer. “The sale also signifies some of the unique strengths of the office market in Richmond, VA. Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the Bogese Companies in the sale of The Shoppes at River Forest, a Walmart shadow anchored strip center located along the Iron Bridge Road corridor in Chester, VA. The 30,720 s/f asset was 82% leased
Divaris Real Estate’s Washington DC & Richmond offices completes 8 transactions totaling 50,221 s/f
236 North Washington St. in Havre De Grace, MD
boasts a diversified tenant roster including popular din- ing choices, along with local and national specialty shops including Fantastic Sams and
GNC. Outparcels at Ashburn Town Square include Exxon, KFC, Taco Bell, Capital One, M&T Bank and Jiffy Lube. Spin Pollo leased 2,081
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