Maryland firm drops $5.6 million in Central Virginia

Published May 13, 2019 by Staff Reports

A Maryland company is the new owner of a Chesterfield County strip mall.

DK Belvedere Shoppes LLC of Pikesville, Md., on Friday bought for $5.65 million The Shoppes at Belvedere at the intersection of Robious and West Huguenot roads in Midlothian, according to Cushman & Wakefield | Thalhimer.

Bogese Cos. was the seller in the deal for the unanchored strip center.

The 22,577-square-foot property was 90% leased to nine tenants at the time of the sale.

Thalhimer’s Catharine Spangler of the firm’s capital markets group and Thalhimer’s Pete Waldbauer and Nicki Jassy worked on the transaction.