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Wegmans Food Markets Acquires 221-Acre Development Site in Virginia for $4M

Coldwell Banker Commercial has represented Wegmans Food Markets in the acquisition of a 221-acre development site in Hanover County, VA. The sales price was $4 million. J.R. Burdette and Donny Self of Coldwell Banker Commercial Elite represented Wegmans in the transaction. The seller was not disclosed.

Wegmans plans to build a $175 million, 1 million square feet distribution facility, including 30,000 square feet of office space, at the site. The property is located along Sliding Hill Rd. and Ashcake Rd. and is accessible by Interstate Highway 95.

“Our relationship with Wegmans Food Markets began in 2013, representing them in a vacant property acquisition near Fredericksburg, Va. When the company decided to expand its footprint in Virginia, our longstanding relationship with their real estate professionals was invaluable during their search for a suitable property,” said Self.

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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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