CHESTER, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented Berman Kappler Properties in the sale of Centralia Crossing, an established Food Lion anchored shopping center located at 9801 Chester Road in Chester, Virginia.
The 47,743 square foot center recently underwent significant capital improvements along with an extension of Food Lion’s lease term. The property had an economic occupancy of 86% at the time of the sale. The asset was acquired on April 21, 2020 for $4,041,000 ($85/SF).  Sale negotiations were handled by Catharine Spangler of Cushman & Wakefield | Thalhimer.  David Crawford and Reilly Marchant, also with Thalhimer, handled leasing efforts at the property on behalf of prior ownership.