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Washington DC  + Retail  | 

Virginia Shopping Center Trades for $11M

Stan Johnson Co. has arranged the $11.1 million sale of Hancock Village Phase II, a 61,500-square-foot shopping center in Chesterfield, VA.

Located at 14601 Hancock Village St., the multi-tenant retail center is anchored by Burlington and was fully leased at the time of sale. The property was constructed in 2018 and is situated on nearly five acres approximately 20 miles from downtown Richmond. Additional tenants include Tuesday Morning, America’s Best Contacts & Eyeglasses and Grand Nail Spa.

Stan Johnson Co.’s Margaret Caldwell and Patrick Kelley represented the seller, a Virginia-based developer, in the transaction. Private investors represented by Jason Taylor of Equity Management Group Inc. purchased the asset to complete a 1031 exchange.

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Inside The Story

Stan Johnson Co.’s Caldwell

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.

  • ◦Acquisition
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