CHARLOTTESVILLE, VIRGINIA: Cushman & Wakefield | Thalhimer is pleased to have exclusively represented Riverbend Development in the disposition of a CVS ground lease located at 1700 Seminole Trail in Charlottesville, Virginia. The asset was acquired as part of a 1031 exchange by Quality Properties, GP on July 27, 2017 for $6,950,000 ($4.51MM/acre).  The transaction was closed all cash within 45 days of contract execution.  #CM
Sale negotiations were handled by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Richmond, Virginia office.  John Pritzlaff of Thalhimer’s Charlottesville office assisted in the sale.