RICHMOND, VIRGINIA, July 25, 2025 – Cushman & Wakefield | Thalhimer is pleased to announce the sale of Section 3 of Lake Margaret subdivision in Chesterfield County, Virginia.

Richmond American Homes of Virginia purchased the 48 developed single-family lots, situated on approximately 50 acres, from Lakewood Investments, LLC for $8,457,312 with plans to build and sell luxury homes. For more information, please contact the Corporate Marketing and Communications Department for Richmond American Homes at Communications@shl.us.

David M. Smith of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the Richmond American Homes.

For Further Information Contact:
David M. Smith
Senior Vice President
+1 804 697 3466
david.smith@thalhimer.com

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs approximately 530 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 54 million leasable square feet, management of more than 28 million square feet of commercial property, and nearly 12,000 multifamily units. In 2024, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.96 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services, including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties.
To learn more, visit www.thalhimer.com.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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