FREDERICKSBURG, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the disposition of The Shops at River Club, a 54,773 square foot, grocery anchored retail center located at 10865 Tidewater Trail in Fredericksburg, Virginia.
The property has been anchored by Weis Markets since October of 2016 and was 98% leased at the time of the sale to a diverse roster of regional and local small shop tenants including VA ABC, Subway and The Tidewater Animal Hospital.
The purchaser, River Crossing, LLC Inc. of Ocean City, NJ, acquired the asset on January 16, 2019 for $7,000,000 ($128 per square foot) from a local Fredericksburg development firm.  Sale negotiations were handled by Catharine Spangler and Calvin Griffith of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Richmond, and were assisted by Jim Ashby in Richmond and Sharon Schmidt in Thalhimer’s Fredericksburg office.