The center was built in the mid-2010s. (BizSense file photos)
For the second time in recent weeks, a grocery-anchored retail center in the region has fetched over $60 million.
Stonehenge Village shopping center in Chesterfield County sold last month for $62.1 million.
Anchored by Wegmans at 12501 Stone Village Way, the 200,000-square-foot Stonehenge Village was developed by Marchetti Properties in 2015. Other tenants include Chopt, Petco and La-Z-Boy.
InvenTrust Properties, a publicly traded REIT out of the Chicago metro area, is the shopping center’s new owner. The seller was H.I.G. Realty Partners, a New York private equity firm that bought Stonehenge Village last year for $53 million as part of a multicenter deal.
The sale closed Oct. 10, according to Chesterfield County records. The parcels that make up the center most recently were assessed by the county at a combined $49.7 million. The center is 100 percent occupied, according to an InvenTrust spokesperson.
Stonehenge Village is the second Richmond-area acquisition for InvenTrust. It has owned the Westpark Shopping Center in Henrico since 2015, when it bought the now-Publix-anchored center for $33 million.
InvenTrust’s spokesperson said that the firm invests almost exclusively in grocery-anchored shopping centers, and that Richmond is one of the firm’s target markets. Its portfolio counts 67 properties, most of which are in the Southeast and Sun Belt.
The $62.1 million price tag marks the largest real estate transaction so far this year in Chesterfield County. The next biggest deal was in June, when Condair Group made a $55 million purchase of a 400,000-square-foot warehouse it plans to turn into a manufacturing facility.
Stonehenge’s sale is the second eight-figure shopping center deal in the region recently. The bulk of White Oak Village in eastern Henrico sold in September for $63.5 million.
The center was built in the mid-2010s. (BizSense file photos)
For the second time in recent weeks, a grocery-anchored retail center in the region has fetched over $60 million.
Stonehenge Village shopping center in Chesterfield County sold last month for $62.1 million.
Anchored by Wegmans at 12501 Stone Village Way, the 200,000-square-foot Stonehenge Village was developed by Marchetti Properties in 2015. Other tenants include Chopt, Petco and La-Z-Boy.
InvenTrust Properties, a publicly traded REIT out of the Chicago metro area, is the shopping center’s new owner. The seller was H.I.G. Realty Partners, a New York private equity firm that bought Stonehenge Village last year for $53 million as part of a multicenter deal.
The sale closed Oct. 10, according to Chesterfield County records. The parcels that make up the center most recently were assessed by the county at a combined $49.7 million. The center is 100 percent occupied, according to an InvenTrust spokesperson.
Stonehenge Village is the second Richmond-area acquisition for InvenTrust. It has owned the Westpark Shopping Center in Henrico since 2015, when it bought the now-Publix-anchored center for $33 million.
InvenTrust’s spokesperson said that the firm invests almost exclusively in grocery-anchored shopping centers, and that Richmond is one of the firm’s target markets. Its portfolio counts 67 properties, most of which are in the Southeast and Sun Belt.
The $62.1 million price tag marks the largest real estate transaction so far this year in Chesterfield County. The next biggest deal was in June, when Condair Group made a $55 million purchase of a 400,000-square-foot warehouse it plans to turn into a manufacturing facility.
Stonehenge’s sale is the second eight-figure shopping center deal in the region recently. The bulk of White Oak Village in eastern Henrico sold in September for $63.5 million.