{"id":1004400653,"date":"2020-03-18T05:25:53","date_gmt":"2020-03-18T13:25:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004400653"},"modified":"2025-02-27T21:45:58","modified_gmt":"2025-02-28T05:45:58","slug":"cushman-wakefield-facilitates-sale-of-virginia-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-facilitates-sale-of-virginia-retail-center\/","title":{"rendered":"Cushman &#038; Wakefield Facilitates Sale of Virginia Retail Center"},"content":{"rendered":"<div id=\"attachment_1004400656\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Orchard-Marketplace.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004400656\" data-attachment-id=\"1004400656\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-facilitates-sale-of-virginia-retail-center\/orchard-marketplace\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Orchard-Marketplace.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Orchard Marketplace\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Orchard Marketplace. &lt;i&gt;Image courtesy of Cushman &#038; Wakefield | Thalhimer&lt;\/i&gt; &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Orchard-Marketplace.jpg?w=800\" class=\"wp-image-1004400656 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Orchard-Marketplace.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Orchard-Marketplace.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Orchard-Marketplace.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Orchard-Marketplace.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004400656\" class=\"wp-caption-text\">Orchard Marketplace. <i>Image courtesy of Cushman &amp; Wakefield | Thalhimer<\/i><\/p><\/div>\n<p>Cushman &amp; Wakefield|Thalhimer has facilitated the sale of Orchard Marketplace, a 46,552-square-foot retail property in Daleville, Va.&nbsp;Senior Vice Presidents Eric Robison and Catharine Spangler, along with Vice President Jessica Johnson, were part of the team that worked on behalf of the seller.<\/p>\n<p>Orchard Marketplace traded for $8 million, or&nbsp;$172 per square foot.&nbsp;A partnership between Hackney Real Estate Partners and NewLink Management Group sold the asset to a private investor, according to public records.<\/p>\n<p>Located at 50-110 Market Center Way, the property opened in 2009. At the time of the transaction, Orchard Marketplace was 100 percent leased to anchor tenants Food Lion and Carilion Health Systems, as well as Domino\u2019s Pizza and Donnie D\u2019s Bagel &amp; Deli. Situated along Roanoke Road, the marketplace has a daily traffic of 23,000 vehicles, according to NewLink Management Group data. Additionally, Daleville Town Center Apartments, a 300-resident community, is across the street from the property.<\/p>\n<p>Last year, Cushman &amp; Wakefield|Thalhimer negotiated the sale of Bermuda Square, an 84,064-square-foot&nbsp;shopping center in Chester, Va., on behalf of Giant Food Stores. The property <a href=\"https:\/\/www.commercialsearch.com\/news\/richmond-retail-asset-trades-for-19m\/\">sold for&nbsp;$18.6 million<\/a> in December.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in&nbsp;<strong><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\">our short form<\/a><\/strong>&nbsp;or send your deal to&nbsp;<a href=\"mailto:deals@cpe-mhn.com\"><strong>deals@cpe-mhn.com<\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team of Eric Robison, Catharine Spangler and Jessica Johnson represented the joint venture seller.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,11,21742,21749],"tags":[32799,38655],"class_list":["post-1004400653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midatlantic","category-latest","category-retail","tag-cushman-wakefield","tag-food-lion"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cushman &amp; Wakefield Facilitates Sale of Virginia Retail Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-facilitates-sale-of-virginia-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman &amp; Wakefield Facilitates Sale of Virginia Retail Center\" \/>\n<meta property=\"og:description\" content=\"The team of Eric Robison, Catharine Spangler and Jessica Johnson represented the joint venture seller.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-facilitates-sale-of-virginia-retail-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-18T13:25:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:45:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-wakefield-facilitates-sale-of-virginia-retail-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-wakefield-facilitates-sale-of-virginia-retail-center\\\/\"},\"author\":{\"name\":\"Pavel Cazacu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"headline\":\"Cushman &#038; 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