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Jeff Davis Hwy at Moores Lake Rd_pr

97 Acres Sells in Chester for the Development of Mixed-Use Residential Housing

RICHMOND, VIRGINIA: Cushman & Wakefield | Thalhimer is pleased to announce the sale of approximately 97 acres of land located along Jefferson Davis Highway at Moore’s Lake Road in Chester, Virginia. 

Emerson Roper purchased the acreage from Americana Park LLC and Trollingwood Land LLC for $3,200,000 and will soon break ground on a mixed-use residential community that will add an additional 827 housing units to the already existing 385 apartment community known as The Jane. The unit mix will consist of 27 townhomes, 62 single family homes, 238 two over two condos and 500 apartments. The new community is centered around a Bon Secours 23,000 square foot free-standing Emergency Center currently under construction at the corner of Jefferson Davis and Moore’s Lake Road. Two additional commercial uses are currently under contract for additional frontage in this project.

David M. Smith, CCIM of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

 

About Cushman & Wakefield | Thalhimer

Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, VA; and Charleston, Columbia, and Greenville, SC. The company has over 100 broker professionals and employs over 425 associates. Thalhimer represents, on behalf of its clients, a property portfolio of over 57 million leasable square feet, and management of over 32 million square feet of commercial property, and over 9,600 multifamily units. In 2020, Thalhimer completed over 1,700 transactions with a transactional volume of more than $1.35 billion.  Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties.  
To learn more, visit www.thalhimer.com or follow @Thalhimer on Twitter.Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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Written on April 1, 2022