An affiliate of Hackney Real Estate Partners has acquired Merchants Walk, a grocery-anchored shopping center located on West Broad Street in Richmond, Virginia, for $18.4 million. The buyer’s name is not disclosed.
The 219,972-square-foot shopping center was 98% leased at the time of the transaction and is anchored by Food Lion, AutoZone, and JoAnn Fabrics. John Owendoff and Catharine Spangler of Cushman & Wakefield represented the seller.
“Merchants Walk offers exceptional cash flow durability in one of the nation’s strongest and healthiest regional economies,” said Owendoff.
The post Richmond Shopping Center Sold for $18M appeared first on Connect CRE.
An affiliate of Hackney Real Estate Partners has acquired Merchants Walk, a grocery-anchored shopping center located on West Broad Street in Richmond, Virginia, for $18.4 million. The buyer’s name is not disclosed. The 219,972-square-foot shopping center was 98% leased at the time of the transaction and is anchored by Food Lion, AutoZone, and JoAnn Fabrics. …
The post Richmond Shopping Center Sold for $18M appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate