Lidl buys former wagering parlor in Richmond for $3.4 million
Lidl U.S. Operations LLC purchased a former wagering parlor on West Broad Street in Richmond for $3.4 million and plans to put a 19,000-square-foot grocery store on the site.
According to Cushman & Wakefield | Thalhimer, which brokered the sale, Lidl bought the 3.7-acre property at 4700 W. Broad from Colonial Downs L.P. A former Colonial Downs off-track wagering center, the building will be torn down, and Lidl plans to construct a new prototype store at the location.
Richard L. Thalhimer of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.
Lidl, a German-based discount supermarket chain, has purchased several locations around the state as part of a rollout of its first stores in the U.S. Its target opening date for many of the stores is no later than 2018.
The company also is developing a U.S. headquarters in Arlington County and $125 million regional headquarters and distribution center in Spotsylvania County.