RICHMOND, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented Cohen Equities in the sale of The Shoppes at Twin Oaks located at 3601-3641 Cox Road in Henrico County, Virginia.
KG1 Twin Oaks, LLC, an entity controlled by the Kotarides family of Virginia Beach, purchased the 39,117 square foot retail center for $7,600,000 as an investment. The property was 94% leased at the time of the sale and includes tenants such as Bank of America’s home loans office, West End Crossfit, Plaza Del Rey and Tahoe’s Restaurant.
“There was a significant amount of interest in Twin Oaks from a variety of investors which resulted in a very competitive bid process,” said Cathy Spangler with Cushman & Wakefield | Thalhimer’s Capital Markets Group.  “We ultimately selected Kotarides based not only on their attractive offer, but also their stellar reputation to efficiently close on deals such as this one.”
The sale was completed by Eric Robison and Catharine Spangler of Cushman & Wakefield | Thalhimer.