4/9/2009

Richmond retail center fetches $7M

by
Midlothian Plaza Associates, LLC has purchased a 146,305-square-foot retail center in Richmond, Va., from Allied Capital REIT, Inc. for $7 million..

Eric B. Robison, CCIM, Richard L. Thalhimer, James Ashby, IV, and C. Lee Warfield, III, of Thalhimer/Cushman & Wakefield Alliance represented both parties in the transaction.

Known as the Midlothian Center, the property is located at the corner of Wadsworth Drive and Midlothian Turnpike. The center was 57 percent occupied at the time of the sale with medical and retail service tenants.

Address: corner of Wadsworth Drive and Midlothian Turnpike, Richmond, Va.

Size: 146,305 square feet

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Filed Under: Retail

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