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Washington DC & Mid-Atlantic  + DC Metro  + Retail  |  March 18, 2020
David Cohen
By: David Cohen

Virginia Shopping Center Trades for $8M

Club Forest Guardian has acquired Orchard Marketplace, a 46,552-square-foot, grocery-anchored shopping center in Daleville, VA. The sales price was $8 million.

Located at 50-110 Marketplace Center Way, the center is 12 miles north of downtown Roanoke, and is currently fully leased to a tenant roster that includes Food Lion and Carilion Health Systems.

Eric Robison, Catharine Spangler and Jessica Johnson of Cushman & Wakefield | Thalhimer represented the sellers, Orchard Anchor LLC and New Orchard Marketplace LLC, in the sale.

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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