10A — September 25 - October 15, 2020 — M id A tlantic Real Estate Journal


M id A tlantic R eal E state J ournal

Johnson, CCIM negotiates sale of Pepper’s Ferry Plaza on behalf of the seller Ashby IV & Strieffler of Cushman & Wakefield | Thalhimer handles 12,995 s/f lease at Stony Point SC

ICHMOND, VA — Cushman & Wake- field | Thalhimer announced that Trader Joe’s leased retail space to join Stony Point Shopping Center, a 114,422 s/f neighborhood center located at Huguenot Road and Forest Hill Avenue in Richmond, Virginia. Trader Joe’s will co-anchor the center in a 12,995 s/f space that is currently under renova- tion in the former Martin’s/ Ukrop’s space. Stony Point Shopping Center is being re- named to Stony Point Village, and a new pylon sign will be installed in the near future. R

Ziff Properties

Stony Point Shopping Center

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Owned by Ziff Properties Inc. , out of Charleston, SC, current tenants in the cen- ter include Good Foods Gro- cery, Gelati Celesti, Pet Valu, Southbound Restaurant, The Music Tree, Hair Cuttery, Bikram Yoga, and Einstein Bagels. Stony Point Shop- ping Center enjoys excellent access along Huguenot Road and is surrounded by major residential just south of the James River. Trader Joe’s is an Ameri- can chain of grocery stores headquartered in Monrovia, California. By 2015, it was a competitor in “fresh format” grocery stores in the United States. By November 2019, Trader Joe’s had over 503 stores nationwide in 42 states and Washington, D.C. James Ashby IV and Pam Strieffler of Cushman & Wakefield | Thalhimer han - dled the lease negotiations on behalf of the landlord. The cen- ter currently has up to 20,774 square feet adjacent to Trader Joe’s available for lease. In other news, Cushman & Wakefield | Thalhimer an - nounced the sale of Pepper’s Ferry Plaza (shown above) located at 290 Peppers Ferry Rd. in Christiansburg, VA. Collegiate Investment 290, LLC purchased the 9,525 s/f retail strip center from Family Peppers Ferry, LLC for $3.25 million as an investment. Jessica Johnson, CCIM of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller. MAREJ

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