RICHMOND, VIRGINIA, November 5, 2025 – – Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented Prudent Growth Partners in the sale of The Shoppes at River Forest, a 30,070 square foot unanchored retail strip center located along Iron Bridge Road (VA Route 10) in Chester, Virginia. Originally constructed in 2007, the property is situated on ±3.65 acres and is shadow-anchored by the region’s second-highest-performing Walmart Supercenter.

Fortune River Forest acquired the asset for $8,875,000 ($295/SF). At the time of the sale, the property was 95% leased to 12 tenants, including GameStop, Sweet Frog, State Farm, and the U.S. Marine Corps. Catharine Spangler with Cushman & Wakefield | Thalhimer’s Capital Markets Group handled sale negotiations.

“We are thrilled with the successful sale of The Shoppes at River Forest and are proud of the growth this asset achieved under our management. We wish the new ownership all the best in the days ahead,” said Tom Hahn, President & CEO of Prudent Growth Partners.

For Further Information Contact:
Catharine Spangler
Senior Vice President, Capital Markets Group
+1 804 344 7140
catharine.spangler@thalhimer.com

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs approximately 530 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 54 million leasable square feet, management of more than 28 million square feet of commercial property, and nearly 12,000 multifamily units. In 2024, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.96 billion. Thalhimer is the region’s leading provider of 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.

Thalhimer’s Capital Markets Group is the region’s leading investment sales team made up of professionals focused solely on capital markets and the sale of income producing properties throughout Virginia. The team is experienced in office, industrial, retail and multi-family dispositions and since 2012 has completed 424 transactions totaling over $6.2 billion and over 66 million square feet.
To learn more, visit www.thalhimer.com.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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