RICHMOND, VIRGINIA:  Cushman & Wakefield | Thalhimer’s Capital Markets Group, in partnership with Cushman & Wakefield’s mid-Atlantic based retail investment sales team, is pleased to have represented Westdale Asset Management, Ltd in the sale of WestPark Shopping Center, a 176,973 square foot grocery-anchored retail center.  The center is well-located along Richmond’s most active retail corridor, West Broad Street, in between Stillman Parkway and Pemberton Road.  Anchored by a strong performing Martin’s grocery store, the center also enjoys tenancy with Christmas Tree Shops, Dickey’s BBQ, All Med Express, and The Tile Shop.  The center was 98.9% leased at the time of sale.
   The property was purchased by InvenTrust Properties for $33,390,000 ($189 psf), and the sale was completed by Eric B. Robison of Cushman & Wakefield | Thalhimer’s Capital Markets Group, as well as leasing agent James Ashby IV, First Vice President, also in Thalhimer’s Richmond office, along with Geoffrey Millerd and Justin Smith of Cushman & Wakefield’s Boston, MA office and Chris Lawrence in Cushman & Wakefield’s Washington, D.C. office.
   “We continue to see extremely strong investment appetite for all asset classes in Richmond.  WestPark Shopping Center was a highly sought-after opportunity driven by the strength of the location and strong performance from Martins.” said Eric Robison, Thalhimer’s Capital Markets leader in Virginia.
   Geoffrey Millerd, retail investment sales Executive Director for Cushman & Wakefield in the mid-Atlantic and Northeast added, “InvenTrust did an excellent job acquiring Westpark in what was an extremely competitive bidding process that included a number of top tier institutional buyers.”