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Capital Markets Group Completes Portfolio Sale of Tower and Rockwood Plazas

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RICHMOND, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the disposition of Tower Plaza in Henrico County and Rockwood Plaza in Chesterfield County, Virginia.  The 22,580 and 38,954 square foot unanchored retail centers were sold as a portfolio and were 91% and 100% leased, respectively, at the time of the sale.
The assets were acquired for $6,225,000 on September 7, 2018. The sale negotiations were handled by Catharine Spangler assisted by Calvin Griffith with Thalhimer’s Capital Markets Group and Richard Thalhimer who has handled leasing at the center for over 25 years.