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Wegmans Food Markets Acquires 221-Acre Development Site in Virginia for $4M
Coldwell Banker Commercial has represented Wegmans Food Markets in the acquisition of a 221-acre development site in Hanover County, VA. The sales price was $4 million. J.R. Burdette and Donny Self of Coldwell Banker Commercial Elite represented Wegmans in the transaction. The seller was not disclosed.
Wegmans plans to build a $175 million, 1 million square feet distribution facility, including 30,000 square feet of office space, at the site. The property is located along Sliding Hill Rd. and Ashcake Rd. and is accessible by Interstate Highway 95.
“Our relationship with Wegmans Food Markets began in 2013, representing them in a vacant property acquisition near Fredericksburg, Va. When the company decided to expand its footprint in Virginia, our longstanding relationship with their real estate professionals was invaluable during their search for a suitable property,” said Self.
- ◦Development
