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Atlanta & Southeast  + Southeast  + Retail  | 
Private buyers have purchased two properties - a multi-tenant and a standalone property - in a popular Richmond shopping center

Colliers Brokers $5.4M Richmond Outparcel Sale

Private buyers have purchased two properties – a multi-tenant and a standalone property – in a popular Richmond shopping center for $4,010,000 and $1,375,000, respectively.

Michael Brewster and Brad Peterson of the Colliers East Coast Investment Team represented the seller—a Texas-based family office. Jay O’Donnell and Jeff Fritz of Colliers were also involved.

“Structuring a deal in this way – where the shopping center is split up and sold off as several smaller components, rather than selling the entire center to a single buyer – is a great strategy for investors looking to maximize returns,” said Colliers Vice Chairman Peterson. 

The outparcel properties are located in Bermuda Square, at 12531-12533 Richmond Highway in the suburb of Chester.

“These properties have strong tenants with long-term leases or long-standing success at the center, making them a great investment for the buyers,” said Brewster, vice president of Colliers.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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