RICHMOND, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the sale of Lexington Commons, an ideally located unanchored strip center in Richmond’s thriving Northwest retail quadrant. The 21,857 square foot asset was 100% leased to 15 tenants at the time of the sale. The tenant roster includes a diverse mix of regional and local operators. 
“We were extremely pleased, but not necessarily surprised with the response we received on Lexington Commons. Given the asset’s highly sought after along W. Broad Street coupled with high demand and limited opportunities for upside in the market, there was significant interest from a variety of local, regional, and national investors”, said Catharine Spangler, a First Vice President with Cushman & Wakefield | Thalhimer’s Capital Markets Group.
Pacific West Land, out of Bainbridge Island, Washington, acquired the asset all cash on August 22, 2017 for their current income fund.  The company is looking for additional opportunities in the Richmond market.  The sale price was $3,900,000.  The transaction was completed by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group, along with leasing advisor Reilly Marchant, also with Thalhimer.