Capital Square Realty Advisors Acquires 24,000-Square-Foot Golfsmith Retail Building in Richmond, Va.

Louis Rogers

RICHMOND, VA – Capital Square Realty Advisors LLC announced it has acquired a 24,000-square-foot retail building 100 percent leased by Golfsmith USA, LLC. The property is located within West Broad Village, a mixed-use urban development in Richmond, Virginia’s prestigious West End, only minutes away from Capital Square’s headquarters. 

“This property is leased on a long-term, triple net basis to an affiliate of the largest specialty golf retailer in the world,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors. 

“The building has a prominent location within West Broad Village, which in total includes more than 400,000 square feet of prime real estate, a 339-unit apartment complex and various residential townhomes and neighborhoods.”

Golfsmith USA, LLC is a subsidiary of Golfsmith International, the largest specialty golf retailer in the world. Operating stores in the U.S. and Canada, Golfsmith functions as a multi-channel retailer and offers customers shopping convenience through more than 150 retail locations and two e-commerce sites.

With 327 golf facilities and two professional golf championships, golf in Virginia is more than just an enjoyable pastime — it is a key industry contributing to the vitality of local communities and the state economy. 

West Broad Village, Richmond, VA

In 2012, Virginia’s direct golf economy was approximately $1.4 billion, and when the total economic impact of these golf-related activities is considered, Virginia’s golf industry supported approximately $2.5 billion of total economic activity, nearly 30,000 jobs, and $733.4 million of wage income in 2012.

West Broad Village is an urban development within a suburban setting that encompasses approximately 115 acres of residential, retail, office, hotel, recreation and environmental land. 

The development connects single-family homes to shopping, dining and entertainment experiences within walking distance. Wide-ranging tenants in the Village include Whole Foods Market, REI, the Children’s Museum of Richmond and a Starwood hotel. Onsite restaurants include Kona Grill, Dave & Busters and The Wine Loft.

For a complete copy of the company’s news release, please contact:

 Julie Leber                                                                         

 Spotlight Marketing Communications                    

 949.427.5172, ext. 703                   

 julie@spotlightmarcom.com