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| Susan Carras |
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| Evan Parker |
WASHINGTON, DC – JLL Capital Markets has closed sale of and acquisition financing for a four-property, 592,000-square-foot, grocery-anchored retail portfolio located in Richmond, Virginia. The sale price and financing details were not disclosed.
JLL represented the seller, a global real estate investment management firm, and H.I.G. Realty Partners.
FarmViewVentures
LLC and Rosenthal Partners acquired the portfolio. JLL also worked on behalf of
the new owners to secure the five-year loan through Eagle Bank.
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| Jordan Lex |
Susan Carras and Evan Parker led
the JLL Capital Markets Retail Debt Advisory Team.
The portfolio is 95-percent leased or under LOI
and features a WALT of about 9 years. The properties include:
·
Parham Plaza Richmond, anchored by Walmart Supercenter
(1502 - 1532 N. Parham Rd., Richmond, VA)
·
Ridge Shopping Center, anchored by The Fresh Market
(1503 - 1567 N. Parham Rd., Richmond, VA)
·
Staples Mill Square, anchored by Aldi (8943 - 9097 Staples
Mill Rd., Henrico, VA)
·
Stonehenge Village, anchored by Wegmans (12501 - 12715
Stone Village Way in Midlothian, VA)
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| Bill Moylan |
The portfolio benefits from a population of 82,000 people within three miles and an average household income of $113,000.
JLL Capital Markets is a full-service global
provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment and sales advisory, debt advisory, equity advisory or a
recapitalization.
 |
| Daniel Naughton |
For more news, videos and research resources on
JLL, please visit our newsroom.
Contact
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
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