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Washington DC & Mid-Atlantic  + DC Metro  + Retail  |  February 12, 2020
David Cohen
By: David Cohen

Silver Group Brokers Sale of 4K-SF Retail Property in Virginia

The Silver Group has brokered the sale of a 4,480-square-foot retail property in Short Pump Town Center in Henrico, VA. The sales price was not disclosed.

Built in 2008, the property is occupied by Starbucks Coffee and Mezeh Mediterranean Grill. Starbucks Coffee renewed their lease in 2018 and Mezeh, a multi-location restaurant chain, executed their lease in 2016. The Short Pump Town Center is the area’s premier shopping venue with Nordstrom, Dillard’s, Macy’s, Cheesecake Factory, Texas de Brazil, The Funny Bone Comedy Club and Hyatt Hotel.

The Silver Group represented the seller, the original developer, in the transaction. An investor represented by Tony Nguyen of KW Commercial acquired the property at a sub 6% cap rate.

For comments, questions or concerns, please contact David Cohen

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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.
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