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Washington DC  + Retail  | 

Coldwell Banker Commercial Brokers $4M Sale of Virginia Retail Center

Coldwell Banker Commercial has arranged the $3.7 million sale of Boulders Center, a 31,400-square-foot retail center in North Chesterfield, VA. Faraz Cheema of Coldwell Banker Commercial represented the buyer, Coastal Land Inc., which acquired the property as part of a 1031 exchange. The seller was not disclosed.

Located at 7522 Midlothian Turnpike, the 4-acre property was built in 1970 and renovated in 2001. Boulders Center is situated in the largest retail submarket of the metro Richmond area.

“Florida-based Coastal Land Inc. was looking to acquire a property elsewhere in the southeast United States,” said Cheema. “The Boulders Center property is in a growing metro area and a strong retail submarket that was appealing to our client.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition