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PoconoCrossings-8

Capital Markets Group Completes Sale of Pocono Crossing for $12.3M

CHESTERFIELD COUNTY, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the disposition of Pocono Crossing, a 180,845 square foot retail center located at 10400 Midlothian Turnpike in Richmond, Virginia.  
The property has been anchored by credit tenant, Burlington, since 2013 who has recently extended their lease term at the property for an additional five years. Co-anchors include Tuesday Morning and Chuck E. Cheese’s. 
The purchaser, BVA Pocono Crossing, LLC, acquired the asset on January 30, 2019 for $12,300,000 ($68 per square foot). Sale negotiations were handled by Catharine Spangler in Thalhimer’s Richmond office.  

Written on January 31, 2019