WILLIAMSBURG, VIRGINIA: Cushman & Wakefield | Thalhimer has been selected by the Colonial Williamsburg Foundation as the exclusive leasing and commercial real estate services company for its real estate holdings in and around the iconic Merchants Square downtown commercial district.
Merchants Square, located in the heart of Williamsburg’s downtown, is flanked by Colonial Williamsburg’s Historic Area and Art Museums and the campus of the College of William & Mary. Merchants Square is a vibrant, mixed-use center encompassing roughly 10 city blocks and comprised of approximately 225,000 square feet of retail, restaurant, entertainment, residential and specialty space plus over 30,000 square feet of office space. It also contains several undeveloped parcels that have tremendous potential for development. Thalhimer will work hand-in-hand with the Foundation to create a five-year strategic master plan that enhances the economic value of its real estate holdings in support of the Foundation’s core mission.
“For more than 80 years, Merchants Square has been a critical component of the overall Colonial Williamsburg guest experience, and its success is vital to the Foundation’s mission.” says Jeff Duncan, Colonial Williamsburg vice president of real estate. “The Foundation has partnered with Cushman & Wakefield | Thalhimer to formulate a strategy to best leverage our commercial real estate portfolio.”
Lee Warfield, Thalhimer’s CEO, comments, “We are honored and excited to be selected by Colonial Williamsburg for this very significant assignment. Our goal is to maximize the return of their real estate holdings in support of their mission. It’s consistent with what we do for our clients every day.”
Dawn F. Griggs, SIOR and Drew Haynie of Cushman & Wakefield | Thalhimer are leading the assignment. In addition, the team will draw on Cushman & Wakefield | Thalhimer’s regional, national and global resources. The partnership includes the launch of a new Williamsburg satellite leasing office for Thalhimer’s team located in Merchants Square.