Chesterfield Towne Center 4 Retail Properties in Multiple Locations

Newmark has been exclusively retained to market to qualified investors the opportunity to acquire Chesterfield Towne Center, a multibuilding retail center in Richmond, Virginia. The total Property consists of 1,030,884 square feet of gross leasable area, situated on 81.6 acres. Included in the offering is the entirety of the enclosed mall portion which is anchored by JCPenney (145,770 SF), Macy’s (141,772 SF), At Home (109,933 SF), and T.J.Maxx/HomeGoods (52,000 SF). Additional retail components include Chesterfield Towne Center Plaza, a 62,875 square foot strip center occupied by Five Below, Men's Wearhouse, Ross, and Skechers as well as several outparcels occupied by Canastas Chicken, Carrabba's, ML Steak, and Kali Love.
Chesterfield Towne Center serves as the retail cornerstone for the affluent Chesterfield neighborhood. The Property is located at the intersection of Midlothian Turnpike / US-60 (50,000 VPD) and Huguenot Road, VA-147 (45,000 VPD) and is the largest enclosed mall in the Richmond area. Located 12 miles from downtown Richmond in a fast growing affluent suburb, the Property is considered the retail nexus within the trade area and is surrounded by national retailers and other commercial uses, in addition to a growing housing stock.
This offering represents a unique opportunity to acquire a well-located institutionally owned regional shopping destination at an attractive basis with numerous opportunities to add value.