Capital Markets Group Completes $9.55M Sale of Broad Street Plaza in Richmond
RICHMOND, VIRGINIA, September 12, 2023 – Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented Sledd Properties in the sale of the Broad Street Plaza Shopping Center, 9856-9864 West Broad Street, in Richmond, VA. The 100% leased, 57,878 square foot, four-tenant retail center is located along a prominent stretch of the MSA’s dominant retail corridor. The Property is anchored by national craft supplier Michaels, and Kid’s Empire, who recently executed a brand-new, ten-year lease.
Airport Hotel, LLC, out of Ellicott City, MD, acquired the asset on September 12, 2023, for $9,550,000 ($165/SF). The transaction was completed by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group, along with Connie Jordan Neilsen and Nicki Jassy of Thalhimer’s Retail Leasing Team.
For Further Information Contact:
Catharine M. Spangler
Senior Vice President, Capital Markets Group
+1 804 344 7140