CHARLOTTESVILLE, VIRGINIA: Cushman & Wakefield | Thalhimer is pleased to have represented Riverbend Development in the disposition of Pantops Plaza Shopping Center in Charlottesville, VA.  The 10,518 square foot, best in class strip center is 100% leased to a variety of national tenants including Starbucks and Chipotle.  The asset garnered significant interest in the marketplace and was ultimately acquired by CooperQuincy, LLC for $6,711,500 ($638/SF) on February 1, 2018 as part of a larger 1031 exchange.  The Purchaser closed all cash within 50 days of contract execution.  #cm
Sale negotiations were handled by Catharine Spangler in Richmond with the assistance of Ed Kimple in Thalhimer’s Virginia Beach office.  Thalhimer’s Charlottesville office has retained property management of the asset on behalf of the new ownership.