A western Henrico County shopping center known for its collection of worldly retailers and eateries soon will be anchored by an emerging international grocer.
New Grand Mart International Food has signed a lease to take over the Food Lion store at the West Broad Commons shopping center at 9031 W. Broad St. near the intersection with Tuckernuck Drive.
Food Lion is set to vacate its nearly 40,000-square-foot space by the third quarter 2017 after its lease was not renewed, according to a representative from Broad Street Realty, which owns the shopping center.
Connie Jordan Nielsen, Nicki Jassy and Alicia Farrell, brokers with Richmond-based Cushman & Wakefield | Thalhimer handle leasing in the center and represented the landlord.
It’s the second metro Richmond store for New Grand Mart, a 4-year-old chain that sells traditional grocery items, as well as spices, fruits and vegetables, and other products from around the world.
It opened its first local store in 2015 at 7415 Midlothian Turnpike in the Chippenham Square Shopping Center in Chesterfield County. It also has locations throughout Northern Virginia and Maryland.
New Grand Mart joins several international stores and restaurants in West Broad Commons, including Vietnam Garden, Yen Ching Restaurant and India K’Raja.
The grocery store’s entry into the strip will coincide with improvements planned by the landlord to the facade, signage and roof, the company said. Work on the shopping center is set to begin in coming months, with an anticipated completion during the fourth quarter of this year – when New Grand Mart is set to open.
Broad Street Realty purchased the 32-year-old, 109,000-square-foot retail center in December 2016 for $8.4 million, according to county records. The company also owns the Brookhill Azalea Shopping Center near Azalea Avenue and Chamberlayne Road on the Northside.
Broad Street Realty would not comment on how much it is investing into the improvements or whom it hired as general contractor.