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Broad Reach Retail Partners Acquires 60K-SF Shopping Center in Virginia

Value-add retail owner and operator Broad Reach Retail Partners has acquired Warsaw Village Shopping Center, a 60,100-square-foot shopping center in Warsaw, VA. The sales price and seller was not disclosed.

Located one-hour northeast of Richmond, the center is anchored by a newly renovated Food Lion. Warsaw Village also features a tenant lineup that includes Walgreens, Virginia ABC and US Renal Care. The center is currently 81% occupied and has 11,500 square feet of spaces for leases ranging from 1,350 to 7,150 square feet. The center also includes a one-acre out pad at the front of the property.

“I’ve always maintained that necessity-based retail may evolve, but will always thrive,” said Nate Tower, CEO at Broad Reach. “Most of our anchors are essential businesses like grocery and other supporting retail around them providing necessary goods and services. Their communities need them now more than ever, and it’s been inspiring to watch them rise to such an unexpected, far-reaching challenge.”

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.

  • ◦Sale/Acquisition
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