Washington DC + DC Metro + Retail | September 19, 2023

Richmond Shopping Center Sold for $18M

An affiliate of Hackney Real Estate Partners has acquired Merchants Walk, a grocery-anchored shopping center located on West Broad Street in Richmond, Virginia, for $18.4 million. The buyer’s name is not disclosed.

The 219,972-square-foot shopping center was 98% leased at the time of the transaction and is anchored by Food Lion, AutoZone, and JoAnn Fabrics. John Owendoff and Catharine Spangler of Cushman & Wakefield represented the seller.

“Merchants Walk offers exceptional cash flow durability in one of the nation’s strongest and healthiest regional economies,” said Owendoff.

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Catharine Spangler

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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