RICHMOND, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the Bogese Companies in the sale of The Shoppes at River Forest, a Walmart shadow anchored strip center located along the Iron Bridge Road corridor in Chester, VA. The 30,720-square foot asset was 82% leased to nine tenants at the time of the sale. The tenant roster includes a diverse mix of national, regional and local operators.  
PGP River Forest, out of Raleigh, NC, acquired the asset on February 26, 2021 for $6,000,000 ($195/SF).  The transaction was completed by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group and leasing advisors Pete Waldbauer and Nicki Jassy, also with Thalhimer.