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Washington DC & Mid-Atlantic  + DC Metro  + Retail  |  November 6, 2023
Emily Fu
By: Emily Fu

Richlands Shopping Center in Tazewell Sold for $4M 

Brickyard Shopping Center in Tazewell, Virginia has been sold for $4.375 million.  

The property features an 86,246-square-foot shopping center, and while Food Lion has been an anchor tenant, a short-term lease and concerns over the co-anchor tenant’s liquidity presented challenges to the deal. The property, constructed in 1989, is 75% leased to its original anchor tenants, Food Lion and Big Lots, with Food Lion being the town’s only national grocery store.  

Zachary Taylor and Eric Abbott of Marcus & Millichap had the exclusive listing to market the property on behalf of the seller. Dean Zang and David Crotts of Marcus & Millichap’s DC office procured the buyer with Brian Hosey assisted in closing the transaction. 

Read More News Stories About: Marcus & Millichap
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Inside The Story

Zachary Taylor

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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