Land assemblage completed for West Broad Marketplace in Henrico County
The developers of West Broad Marketplace in Henrico County have completed s $20 million purchase for the development’s large land tract.
According to Cushman & Wakefield | Thalhimer, which brokered the transaction, Excel West Broad Marketplace acquired the nine-parcel, 61-plus acre assemblage of land.
The development, located on West Broad Street just west of Short Pump Town Center near the Goochland County line, will be the home of the area’s first Cabela’s and Wegmans’ stores, which will serve an anchor tenants. Cabela’s, a retailer of outdoor gear, plans an 82,000-square-foot store, and Wegmans has said it will build a 140,000-square-foot store, along with another store in Midlothian.
Site clearing and other work is underway on what will be a 444,000-square-foot, mixed-use project that will also feature shops, restaurants, office and medical space. The project is scheduled to open in spring 2016.
Thalhimer’s Mark E. Douglas handled the sale negotiations on behalf of the buyer. Douglas and Connie Jordan Nielsen are the exclusive leasing representatives for West Broad Marketplace.